Can NRIs get a home loan for an under-construction property?

Yes. NRIs can avail home loans for under-construction properties, with disbursal released in stages linked to construction milestones set by the lender and builder, rather than as one lump sum.

What is the maximum home loan tenure available to NRIs?

Most lenders on our panel offer tenures up to 30 years, though the maximum age at loan maturity (commonly 60-70 years) may reduce the effective tenure for older applicants.

Do I need a co-applicant for an NRI home loan?

Not always, but many lenders prefer or require an Indian resident co-applicant (often a close relative) for NRI home loans, particularly for under-construction property.

24+ lenders compared · Remote process · Purchase & under-construction

NRI Home Loans in India

Q: Can an NRI get a home loan in India without visiting in person?

Yes. Most banks and NBFCs allow NRIs to complete the home loan process remotely using a Power of Attorney and digital or video KYC, with physical presence typically needed only at final registration in some cases.

Can an NRI get a home loan in India? Yes — NRIs can get home loans in India for both ready and under-construction property, processed remotely from anywhere in the world using a Power of Attorney and digital KYC, with access to 24+ banks and NBFCs through NRI Home Finance.

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TWO WAYS TO BUY

Ready property or under-construction — both financed

Home Purchase Loan

For a ready-to-move or resale property in India. Full loan amount is disbursed at once, directly to the seller or developer, once documentation and legal checks are complete.

Disbursed in a single payout
Applicable to resale and ready possession units
Faster overall timeline than construction-linked loans

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Under-Construction Home Loan

For property still being built. Funds are released in stages tied to construction milestones set by the lender and builder, rather than as one lump sum — you pay interest only on the amount disbursed so far.

Milestone-linked, staged disbursal
Interest charged only on amount released to date
Builder's RERA registration and project approval verified by the lender first

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ELIGIBILITY

Who can apply

General criteria across most lenders on our panel — exact numbers vary by lender and your country of residence.

Criteria	Typical Requirement
Status	NRI, PIO, or OCI cardholder
Age	21–60 years at application, subject to age at loan maturity
Minimum income	Varies by lender and country — typically equivalent to ₹40,000–₹75,000/month or higher
Employment	Salaried or self-employed, with formal income documentation
Co-applicant	Often required or preferred — commonly an Indian resident relative
Credit history	Indian CIBIL score where available; some lenders also assess international credit history

RATES

Compare rates across our panel

Rates on our panel currently start from 7.55% p.a.* across banks and NBFCs — see the full breakdown by lender.

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PROCESS

How it works, start to disbursal

Share your details

Income, country of residence, and property information — purchase or under-construction.

We match lenders

Your file is matched against our panel for the best realistic fit, not just the lowest advertised rate.

Remote documentation

Digital KYC and paperwork, with Power of Attorney support where the lender requires in-person steps.

Disbursal

Single payout for purchase, or milestone-linked stages for under-construction property.

⚠ Generic checklist — country-specific document variations (confirmed as minor by you) aren't broken out separately per your earlier direction

DOCUMENTS

What you'll typically need

Identity & Status

Passport and valid visa/residency permit
PAN card (or Form 60 if not available)
OCI/PIO card, if applicable
Overseas address proof

Income & Financial

Salary slips or employment contract (last 3-6 months)
Overseas bank statements (last 6 months)
NRE/NRO account statements
Latest income tax returns, if filed

Property

Sale agreement or builder-buyer agreement
Property title documents
RERA registration (for under-construction)
No-objection certificate from builder/society, where applicable

Authorization

Power of Attorney (notarized/apostilled), if applying remotely
Co-applicant's documents, if applicable
Passport-size photographs

FAQ

Questions NRIs ask about home loans

Can an NRI get a home loan without visiting India? +

Yes. Most banks and NBFCs allow NRIs to complete the process remotely using a Power of Attorney and digital or video KYC, with physical presence typically needed only at final registration in some cases.

Can NRIs finance an under-construction property? +

Yes. Funds are released in stages linked to construction milestones set by the lender and builder, rather than as one lump sum.

What's the maximum tenure available? +

Most lenders on our panel offer up to 30 years, though your age at loan maturity (commonly 60-70) may reduce the effective tenure.

Do I need a co-applicant? +

Not always, but many lenders prefer or require an Indian resident co-applicant, particularly for under-construction property.

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