Home Loans for NRIs
Buy a home in India, from anywhere in the world!
What makes HomeFirst home loans suitable for you?
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Loans at your convenience
Our relationship managers visit you, at your convenience, for meetings. Say goodbye to unnecessary trips and paperwork.
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Customer relationship managers
Our managers care about your needs. You speak to one person throughout your loan process, and they are always available to help with any questions.
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Auto-Prepay
This feature facilitates pre-payments in addition to EMI with no pre-payment charge for existing customers.
Interest Rates
| Occupation Type | Floating | Login Fees | |
|---|---|---|---|
| Minimum | Maximum | ||
| Salaried | 8.00% | 22.00% | Rs 2,500 + GST* |
| Self-Employed | 8.00% | 22.00% | Rs 2,500 + GST* |
Additional fees such as stamp duty, e-filing charges, CERSAI filing charges, and other statutory dues applicable on the Memorandum of Equitable Mortgage may vary depending on the location and will be charged in addition to processing fees.
*GST @ 18.00%
Eligibility
Loans are available to all salaried and self-employed professionals, regardless of their income. We make the loan process easy for you, even if you live overseas. Find your eligibility with our handy calculator.
Calculate my eligibility
FAQ’s
Home loans for NRIs is a product specially created to suit the needs of an NRI (non-resident Indian). As NRI customers work and live overseas, it becomes challenging for them to apply for a home loan in India. However, we have simplified the process considerably, using technology to cut through paperwork and bureaucratic hassles of the loan application process.
A PIO or Person of Indian Origin is an individual with a foreign citizenship, who can either trace their family to India, have formerly held Indian citizenship, or are married to an Indian national. As of January 2015, this identification card has been discontinued, and merged with the OCI (Overseas Citizen of India) program instead.
Yes, a permanent residential address is necessary for a home loan for NRIs application.
HomeFirst doesn’t require references to approve of home loans, however they are always helpful to a loan application if they are available.
Yes, an Indian address is required to apply for a home loan for NRIs.
Yes, details about the to-be purchased must be submitted along with the loan application. HomeFirst releases the loan directly to the builders, and thus must have complete details of the property.
Any close family member can be included in the loan application as a co-applicant.
All loans are repaid through the system of EMIs, which is debited directly from your bank account. An EMI is a fixed amount comprising a part of the principal and interest of the overall loan and is payable every month for the tenure of the loan.
No security is necessary to apply for any of HomeFirst loan products.
Absolutely. HomeFirst is pleased to help their customers pay off their loans in advance and reap the savings of doing so. As per RBI regulations also, financial institutions cannot charge for prepayment of loans.
We received regular updates on our loan and our payments. I got emails about my track record of cheque payments, and it was so positive and made me feel really good!