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Home Loans

Home Loan for Self-Employed NRIs

Explore a unique home loan solution that lets NRI entrepreneurs set up a dream home in their country

Multiple Loan Uses

Purchase, resell, construct, takeover of existing loan

Flexible Loan Amounts

From Rs. 20 lakhs to Rs. 50 lakhs

Long-term Tenure

15 years

Better Loan-to-Value

Suitable lending risk assessment ratio

Fees and Charges

Features and Benefits

Individuals eligible for Home Loans for Self-Employed NRIs


NRI/ PIO/ OCI who is self-employed and has his own office set up

Example:

  • GCC - Partner in a JV/ Non-salaried Director/ Manager in LLC etc.
  • USA/ UK - Sole proprietor/ Partner/ Contractor
  • Foreign national of citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal or Bhutan, cannot acquire immovable property in India without the permission of RBI. Accordingly loan cannot be extended for the citizens of these countries

Criteria

  • Work experience - Minimum 5 years (of which at least 3 years should be in one country). Documentary evidence will be needed for the same
  • Age - 24- 60 year at loan maturity
  • Margin Money - Margin money is required to be paid through banking channel, only no cash contribution is accepted
  • Income - You need to have at least one operative Overseas Account and one NRE / NRO account for one year. Minimum one year overseas bank account statement is to be submitted
Document Type Documents
Proof of identity Passport & VISA for NRI
Passport and PIO Card / OCI card for Person of Indian Origin/ Overseas citizen of India
Proof of residence Bank account statement or latest utility bill or House lease document
Bank statement
  • Last one year statement of all NRE/ NRO account and overseas account.
  • Minimum AVERAGE MONTHLY Balance in Overseas operating account : AED 10000 for at least one year (Gulf) or USD 5000 (or equivalent) in rest of the world
  • NRE/ NRO- average quarterly balance of INR 2 Lac for 1 year
Proof of Business Latest Tax Return (or equivalent) and Business License details (or equivalent) as required
Business Profile Detail Business profile with company information
Business Continuity 5 year Business continuity Proof

Fees and Charges

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