Apply for NRI Home Loans in Delhi – दिल्ली में एनआरआई होम लोन के लिए आवेदन करें
NRI housing loans Delhi: Get best quotes on interest rates, Documents & EMI by various banks on NRI loans in Delhi i.e SBI, HDFC ltd, ICICI, Axis, PNB, Indian Bank, Bank of India etc.
NRI Home Loan Interest Rates Delhi 2024
Major Home Loan Banks Interest Rates India – Compare all banks home loan rates here
| SBI Home Loan | 8.70 – 9.40% |
| HDFC Ltd | 8.65 – 9.85% |
| ICICI Bank | 8.75 – 9.80% |
| LIC Housing Finance | 8.65 – 10.25% |
| PNB Housing | 8.75 – 11.70% |
| Kotak Bank | 8.49 – 9.10% |
| Bank of Baroda | 8.60 – 10.30% |
| Canara Bank | 8.60 – 10.80% |
| Aadhar Home loan | N.A |
Home Loan applications received for rupees ₹ 419,027 crores till 18 April 2024
With NRI home loans prevalent in India owing a home has become easy for the NRI’s just like the resident Indians. However an individual can avail a home loan provided he/she fulfils certain conditions.
- NRI Status– To be eligible for an NRI home loan one must be an Indian citizen with a valid Indian passport and must be staying abroad for employment or carrying out business or vocation or must be posted abroad by the Indian government or companies or must be serving in international agencies like the IMF, UN, World Bank etc.
- Property eligibility – Any property ready for possession or under construction, construction of property on an owned plot or for alterations to the existing property is eligible for loan. Moreover, one can also avail a loan for buying a plot of loan.
- Educational qualification – An NRI at least needs to be a graduate to be eligible for a home loan.
- Maximum Loan amount allowed – Banks generally avail 80-85% of the property value as loan depending on the income, place of residence etc.
- Tenure of loan-The tenure for the loan may vary from 5-15 years.
- Repayment of loan – The repayment of the loan is done through Indian rupees and it can only be paid through Non-resident External (NRE) or Non-resident Ordinary (NRO) accounts or by remittance from abroad through proper banking channels.
Documents Required- submit the following documents for availing a NRI home loan in Delhi.
- Copies of passport
- Valid visa and work permit
- Contract of employment
- Work experience certificate
- Salary certificated (must be attested by the embassy) and statements of NRE or NRO accounts
- Photograph etc.
- Employment Card for employees residing in Middle East.
Major Banks Which Provides Home Loans for NRIs in Delhi:
| Name of the institution | Loan Amount | Repayment period |
| State Bank of India | Min. loan amount Rs 50 Lacs
Max. loan amount Rs 2crore |
Maximum 30 years (or) Up to the age of 70 years |
| ICICI Bank | 80% of the property value | Maximum up to 15years |
| Citibank | Upto Rs 5 crores or 80% of the property value | Not Available |
| Indian Overseas Bank | Maximum of 80% of the cost of the house or Rs. 500 lakhs whichever is lower. | Maximum period of 180 months (15 years). |
| ING Vysya Bank | Minimum amount of the loan is Rs. 5 Lacs and Maximum amount is Rs. 300 Lacs | Not available |
| Bank of Baroda | Maximum amount- Rs 100 lacs in Rural/ Semi urban & Rs 300 lacs in Urban/ Metro area. | Maximum 15 years |
| Federal Bank | Loan amount up to Rs.1500 Lakhs | Upto 15 years |
| Union Bank Of India | Maximum 5 Crore for metropolitan areas including state capitals3 Crore for urban areas (other than metros), 1 Crore for rural and semi-urban areas, 10 Lakh for repairs | Upto 25 years and in case of repairs upto 10 years. |
About Delhi:
Although technically a federally administered union territory, the political administration of the NCT of Delhi today more closely resembles that of a state of India, with its own legislature, high court and an executive council of ministers headed by a Chief Minister. New Delhi is jointly administered by the federal government of India and the local government of Delhi, and is the capital of the NCT of Delhi.
Delhi well known as the National Capital Territory of Delhi, is a metropolitan region in India that includes the national capital city, New Delhi. It is India’s second-most-populous city after Mumbai, and the largest city in terms of area.
