Please see information on NRI Loans below.


NRIs Non Resident Indians can take loans specially designed for them, so that they may be able to build or buy a property in India. Find out more in this area...

What is an NRI?

NRIs are Indian citizens that live abroad for work or personal reasons. In order to apply for an NRI loan they must of course prove that they are full Indian citizens. This means they hold valid documents such as an Indian passport. They may live abroad for duration of uncertain length.

Here are some examples of NRIs:

  • Indian citizens who live abroad for business, employment or other reasons which mean an indefinite stay overseas.
  • People posted with Indian missions or other overseas Government agencies
  • Any other Government employees posted overseas

What is an NRI Loan?

NRIs can avail specialist loans so that they may buy, build or carry out expansions/extensions on property in India. The majority of NRI loans are for the purpose of buying or renovating a home, but there are some NRI loans available for other purposes, such as education loans or car loans. These are not common however and may not be as easy to find as NRI home loans.

Non-resident Indians do not require permission from the Reserve Bank of India (RBI) to purchase land and property within India but they must be defined as NRIs by all banks and financial institutions within India. Therefore they are offered special NRI loans, as recognised under the Foreign Exchange Regulation Act 1973.

Where Can I Get an NRI Loan?

Most banks in India offer NRI loans. You can find many offers by going online and browsing around a website like Which Way To Pay India is ideal for this!

Compare loans and banks and choose which offer suits you and your budget the most. NRI loans can usually be applied for online, making it a very simple and straightforward process.

Who is Eligible?

Of course you will need to provide certain documentation to be eligible for an NRI loan. Firstly, you will need to prove your status as an NRI. This will require:

  • A valid Indian passport
  • Minimum age of 21 years
  • You must be employed abroad a minimum of 2 or 3 years
  • You must have a valid work / job contract
  • You must prove steady source of income
  • You must have a bachelor's degree

The requirements are quite specific but may differ according to the bank or lender. Therefore it is essential that you find out in advance, to avoid disappointment.


According to RBI regulations, NRIs cannot borrow more than 85% of the value of the home, while the 15% margin can be paid for via overseas foreign exchange transfers.

If you are an NRI and need to set up loan payments from overseas, visit our Foreign Exchange for Private Clients section, to get the best services for fast, secure and cost-effective global payments.


Please Note: is not authorised to give advice under Indian financial regulations.

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