Home Loans for NRI

Your work might have taken you abroad but the yearning for the homeland remains unabated. With HDFC Bank Home Loans turning your dream home in India, into a reality, is convenient and easy.

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Home Loan EMI Calculator

Loan Amount

₹

₹1 Lac ₹10 Cr

Tenure (Years)

1 Year 30 Years

Interest Rate (% P.A.)

0.5 % 15 %

Monthly Home Loan EMI

₹198341

Principal Amount

₹198341

Interest Amount

₹198341

Total Amount Payable

₹198341

Rates & Offers
Calculators
Documents
Fees & Charges
Rates offered to Customer
(Past Quarter)
FAQ & More

Benefits & Features
FAQs
Home Loan Repayment Options
Terms and Conditions

Interest Rates

A loan of ₹100000 payable over 15 years on a variable rate at 8.75% would require 180 payments of ₹999 per month. The total amount payable would be ₹1,79,901 made up of loan amount of ₹1,00,000 plus interest of ₹79,901. The overall cost for comparison is 8.75% APRC representative.
In addition to the above the processing fees shall be paid by the customer.
The details of processing fees are as mentioned under Fees and Charges.

Please note that this example is just indicative in nature. The interest rates/Equated Monthly Installments are variable in nature and linked to HDFC Bank's Repo Rate and shall fluctuate according to the movement in the same. All payments are to be made in India in Indian currency. All lending by HDFC Bank is done solely in India for properties located in India.

All rates are benchmarked to Policy Repo Rate. Current applicable Repo Rate = 6.50%

Special Housing Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals)
Loan Slab	Interest Rates (% p.a.)
For All Loans*	Policy Repo Rate + 2.25% to 3.15% = 8.75% to 9.65%

Standard Home Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals)
Loan Slab	Interest Rates (% p.a.)
For All Loans*	Policy Repo Rate + 2.90% to 3.45% = 9.40% to 9.95%

*The above Home Loan interest rates/ EMI are applicable for loans under the Adjustable Rate Home Loan Scheme (Floating Interest Rate) of HDFC Bank And are subject to change at the time of disbursement. The Home Loan interest rates above are linked to HDFC Bank's Repo Rate and are variable throughout the tenor of the loan. All loans are at the sole discretion of HDFC Bank. For further details regarding the loan slabs and interest rates above Click Here

*HDFC BANK does not source any Home Loan business from any Lending Service Providers (LSPs).

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Required Documents :

Dully filled signed NRI loan application form & addendum.
One each passport size photograph to be affixed on the application form & to be self-attested by applicant &/ co-applicant. Incase of digital loan application self-attestation not mandatory
KYC documents
Copy of passport for all applicants.
Copy of address proof of both Indian and overseas address of all applicants.
Copy of visa stamped on the passport/ letter copy. (last visit details to be highlighted)
Copy of valid work VISA and/or Work Permit
Copy of Employment Contract
PIO/OCI card for foreign citizens
Copy of last 3-6 months’ salary slip.
Last 6 months NRE/NRO Bank Account statement Bank Statement of the NRE/NRO account for the last 6 month (in India)
Latest 6 months Bank Statement showing Repayment Track Record of any existing loan/s
Any other document supporting repayment capacity
Copy of latest employment contract.
Bank statement of the overseas bank account for the last 6 months. (salary credits & rent paid to be highlighted)
CV/ Profile brief of the applicant &/co applicant
Copy of Latest Income tax return (Form W 2 in US, P60 in UK) if applicable
Credit Bureau Report
Processing fee cheque in favour of “HDFC BANK LTD” from NRE/NRO account.
Local contact person’s details( as per the annexure).
If the documents are in language other than English an English translation of the same attested by the embassy should be provided.

Credit Bureau Report (Country where NRI resides)
Copy of valid passport
Copy of valid work VISA
Copy of visa stamped on the passport/ letter copy

Dully filled NRI loan application form & addendum.
One each passport size photograph to be affixed on the application form & to be self-attested by applicant &/ co-applicant. Incase of digital loan application self-attestation not mandatory
Copy of passport for all applicants.
Copy of address proof of both Indian and overseas address of all applicants.
Copy of visa stamped on the passport/ letter copy. (last visit details to be highlighted)
Copy of contract of work.
Invoices for latest 6 months.
Bank statements of company where such invoices are credited for latest 6 months
Bank statement of if there is any other overseas bank account for the last 6 months
Bank Statement of the NRE/NRO account for the last 6 months. (in India)
Company's Certificate of Incorporation and Shareholding statement (Memorandum and Article of Association also if applicable).
Company's Tax returns for latest 2 years
Details of loans (if any) availed by the company.
CV/ Profile brief of the applicant &/co applicant (if need required)
Copy of Latest Income tax return (Form W 2 in US, P60 in UK)
Bank statement showing repayment of the loans availed from any other bank/ financial institution for the last 6 months / repayment track record from the bank/ financial institution the loan has been availed from.
Credit Bureau Report
Processing fee cheque in favour of “HDFC BANK LTD” from NRE/NRO account.
Local contact person’s details.
If the documents are in language other than English an English translation of the same attested by the embassy should be provided.

Dully filled NRI loan application form & addendum.
One each passport size photograph to be affixed on the application form & to be self-attested by applicant &/ co-applicant. Incase of digital loan application self-attestation not mandatory
Copy of passport for all applicants.
Copy of address proof of both Indian and overseas address of all applicants.
Copy of visa stamped on the passport/ letter copy. (last visit details to be highlighted)
Income tax return for last 2 years with computation of income or full copy of ITR for all individuals & business.
Company's Tax returns for latest 2 years.
Rent agreement, ownership documents & bank credit for any rental income
Bank statement of if there is any other overseas bank account for the last 6 months
Bank Statement of the NRE/NRO account for the last 6 months. (in India)
Company's Certificate of Incorporation and Shareholding statement (Memorandum and Article of Association also if applicable).
Details of loans (if any) availed by the company.
CV/ Profile brief of the applicant &/co applicant
Bank statement showing repayment of the loans availed from any other bank/ financial institution for the last 6 months / repayment track record from the bank/ financial institution the loan has been availed from.
Credit Bureau Report.
Processing fee cheque in favour of “HDFC BANK LTD” from NRE/NRO account.
Local contact person’s details.
If the documents are in language other than English an English translation of the same attested by the embassy should be provided.

Calculators

Get an estimate of your home loan and home buying budget and own your dream home with HDFC Bank Home Loans with super ease.

Documents

For home loan approval, you need to submit the following documents for applicant / all co-applicants along with the completed and signed home loan application form.

KYC Documents

A	Sr.No.	Mandatory Documents
	1	Passport, the validity of which has not expired.
	2	PAN Card or Form 60 (If the customer does not have a PAN Card)
B	Sr.No.	Description of Officially Valid Documents (OVD) that can be accepted for establishing the legal name & current address of Individuals*[Any one of the following documents can be submitted]	Identity Proof	Address Proof
	1	Passport, the validity of which has not expired.
	2	Driving license which has not expired.
	3	Election /Voters identification card
	4	Job card issued by NREGA duly signed by the officer of the State Government
	5	Letter issued by the National Population Register containing details of name, address.
	6	Proof of possession of Aadhaar Number (to be obtained voluntarily)
	7	Documents issued by the Government Departments of Foreign Jurisdiction (Like Work/Resident Permit, Social Security Card, Green Card etc.)
	8	Letter issued by the Foreign Embassy or Mission in India

A document mentioned above shall be deemed to be an OVD even if there is a change in the name subsequent to issuance provided it is supported by a marriage certificate issued by State Government or Gazette notification, indicating such a change of name.

In case the prospective customer is a Non-Resident Indian (NRI)/Person of Indian Origin (PIO)/Overseas Citizen of India (OCI), the KYC documents are to be self attested and submitted at the time of application. Though the KYC documents of the Power of Attorney holder can be verified with the originals, it becomes difficult to verify the documents submitted by the prospective NRI/PIO/OCI Customer with the respective originals where he / she is not personally present at the time of application / disbursement process. In such a case, it is suggested that any one of the following documents be obtained -

1	Proof of identity and address duly notarized by the Notary Public (overseas) having authority in the place of residence of the prospective NRI customer.
2	Proof of identity and address duly attested by the Indian Embassy existing at the place of residence of the prospective NRI customer.

*If the Documents being submitted are in a language other than English, a translation in English by an authorised translator is mandatory.

Housing Charges

Processing Fees

Name of Fee/ Charge levied	Amount in Rupees
Fees for Resident Housing Loan/ Extension/ House Renovation Loan/ Refinance of Housing Loan/ Plot Loans for Housing (Salaried, Self-Employed Professionals)	Upto 0.50% of the loan amount or Rs. 3000/- whichever is higher + applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 3000/- +applicable taxes/statutory levies whichever is higher
Fees for Resident Housing/ Extension/ Renovation/ Refinance/ Plot Loans for Self Employed Non-Professionals.	Upto 1.50 % of the Loan amount or Rs. 4500/- whichever is higher+ applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 4500/- +applicable taxes/statutory levies whichever is higher
Fees for NRI Loans	Upto 1.25% of the Loan amount or Rs. 3000/- whichever is higher + applicable taxes / statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or Rs. 3000/-+applicable taxes/statutory levies whichever is higher
Fees for Value Plus Loans	Upto 1.50% of the Loan amount or Rs. 4500/- whichever is higher + applicable taxes / statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or Rs. 4500/-+applicable taxes/statutory levies whichever is higher
Fees for Loans under HDFC Bank Reach Scheme	Up to 2.00% of the loan amount+ applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 3000/-+applicable taxes/statutory levies whichever is higher
Re-appraisal of loan after 6months from date of sanction	Rs. 2000/- + applicable taxes / statutory levies.

Other Charges

Name of Fee/ Charge levied	Amount in Rupees
Delayed Instalment Payment Charge	A maximum of 18% P. A. on overdue instalment amounts.
Incidental Charges	Incidental charges and expenses are levied to cover the cost, charges, expense and other monies as per actuals applicable to a case.
Stamp Duty/ MOD/ MOE/ Registration	As applicable in the respective States.
Fees/Charges levied by entities such as CERSAI	As per actual charges/ fee levied by Regulatory bodies + applicable taxes/ statutory levies
Fees/Charges levied by such third parties such as mortgage guarantee company	As per actual fee/ charges levied by any third party(ies) + applicable taxes/ statutory levies

Name of Fee/ Charge levied	Amount in Rupees
Switch to Lower Rate in Variable rate Loans (Housing/ Extension/ Renovation)	Upto 0.50% of the Principal Outstanding and undisbursed amount (if any)at the time of Conversion or a cap of Rs.50000/-+applicable taxes/statutory Levies which ever is lower.
Switching to Variable Rate Loan from Fixed Rate Loan (Housing/Extension/ Renovation)	Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap of Rs.50000/- + applicable taxes / statutory levies whichever is lower.
Switch from Combination Rate home loan fixed rate to Variable rate	1.75% of the Principal Outstanding and Undisbursed amount (if any)+ applicable taxes / statutory levies at the time of Conversion.
Switch to Lower Rate (Plot Loans)- Variable Rate	0.5% of principal outstanding and undisbursed amount (if any) + applicable taxes/statutory levies at the time of Conversion.
Switch to Lower Rate (Loans under HDFC Bank Reach)- Variable Rate	Upto 1.50% of the principal outstanding and undisbursed amount (if any) + applicable taxes/statutory levies at the time of conversion.

Name of Fee/ Charge levied	Amount in Rupees
Payment Return Charges	Rs. 300/- Per Dishonor.
Photocopy of Documents	Upto Rs. 500/- + applicable taxes / . statutory levies
Fees on account of External Opinion – such as legal/technical verifications.	As per actuals.
List of documents	Upto Rs. 500/- + applicable taxes / statutory levies.
Repayment Mode Change Charges	Upto Rs. 500/- + applicable taxes / statutory levies.

Name of Fee/ Charge levied	Amount in Rupees
A. Adjustable Rate Loans (ARHL) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Variable Rate of interest	For loans sanctioned to individual borrowers with or without co-applicants, no prepayment charges shall be payable on account of part or full prepayments made through any sources* except when the loan is sanctioned for business purposes**.
B. Fixed Rate Loans (“FRHL”) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Fixed Rate of interest	For all loans sanctioned with or without co-applicants, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes/statutory levies of the amounts being so prepaid on account of part or full prepayments except when part or full prepayment is being made through own sources*.

Own Sources: *the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.

Name of Fee/ Charge levied	Amount in Rupees
Custody charges	Rs 1000/- per month for non-collection of collateral documents beyond 60 days, from date of closure of all loans/facilities linked to the collateral.

Non-Housing Charges

Loan Processing Charges*

Maximum of 1% of loan amount (* Minimum PF of Rs.7500/-)

Pre-Payment /Part Payment Charges

No prepayment charges shall be applicable for part prepayment once during a financial year only if the amount being prepaid does not exceed 25% of the principal amount outstanding at the time of such prepayment.

2.5% + Goods and Services Tax (GST) of principal outstanding being prepaid or at such rates as decided by the Bank if the amount being prepaid is more than said 25%. Charges shall be applicable on the amount in excess of said 25%.

Individual Borrowers
No prepayment charges shall be applicable for part payment on floating rate term loan sanctioned for purposes other than business to individual borrowers with or without co-obligant(s).

MSE Borrowers
No prepayment charges shall be applicable for part payment on floating rate loans to Micro and Small Enterprise (MSE) Certified borrowers if loan is closed from Own Source of Funds.

Premature closure charges
Floating rate term loan availed by Individual borrowers for Business Purpose	2.5 % of the Principal Outstanding >60 months after the disbursement of the Loan – NIL Charges
Floating rate term loan availed by Individual borrowers for End Use other than Business Purpose	NIL
Floating rate term loans availed by Micro, Small Enterprises and Closure from Own Source*	NIL
Floating rate term loans availed by Micro, Small Enterprises and Closure Through Takeover by any financial Institutions	2 % takeover charges of the Principal Outstanding >60 months after the disbursement of the Loan – NIL Charges
Floating Rate term loans availed by Non Individual borrowers*	Maximum of 2.5% of the Principal Outstanding. >60 months after the disbursement of the Loan – NIL Charges
Delayed Instalment payment Charge	A maximum of 18% P. A. on overdue instalment amounts.
Payment Return Charges	Rs 450/-
Repayment schedule charges*	Rs. 50/- per instance
Repayment mode change charges*	Rs. 500/-
Custody charges	Rs 1000/- per month for non-collection of collateral documents beyond 60 days, from date of closure of all loans/facilities linked to the collateral.
Revision in spread	0.1% of Principal Outstanding OR Rs. 5000 whichever is higher Per proposal
Legal/Repossession & Incidental charges	At actuals
Stamp Duty & other statutory charges	As per applicable laws of the state
Conversion charges for Change in Reference rate (BPLR/ Base rate/MCLR to Policy Repo Rate (for existing customers)	NIL
Penal Interest for Non Adherence of ESCROW Account (as per sanction terms and conditions)	2% p. a additional on existing ROI (Applicable in LARR cases only)
Penal Interest charged for non-complying with sanction terms	2% per annum additional on existing ROI- (Charged on monthly basis) Subject to a Max of Rs 50000/-
CERSAI Charges	Rs. 100 for each property
Property Swapping / Partial property Release*	0.1% of the loan amount. Min – Rs. 10,000/-. Max of Rs 25000/- per property
Document Retrieval charges post Disbursement*	Rs. 75/- per document set. (Post disbursement)

Own Sources: *the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.

The Borrower will be required to submit such documents that HDFC Bank may deem fit & proper to ascertain the source of funds at the time of prepayment of the loan.

The prepayment charges are subject to change as per prevailing policies of HDFC Bank and accordingly may vary from time to time which shall be notified on www.hdfcbank.com.

Maximum Funding**
Loans up to and including ₹30 lacs	90% of the property cost
Loans from ₹30.01 lacs to ₹75 lacs	80% of the property cost
Loans above ₹75 lacs	75% of the property cost

***Subject to market value of the property and repayment capacity of the customer, as assessed by HDFC Bank Ltd.

Home Loan in Different Cities

Home Loans in Mumbai

Home Loans in Jaipur

Home Loans in Bangalore

Home Loans in Chennai

Home Loans in Hyderabad

Home Loans in Delhi

Home Loans in Pune

Home Loans in Gurgaon

Home Loans in Chandigarh

Home Loans in Noida/Greater Noida

Get Home Loan for Different Budgets

₹1 Crore Home Loan

₹90 Lakhs Home Loan

₹80 Lakhs Home Loan

₹75 Lakhs Home Loan

₹70 Lakhs Home Loan

₹95 Lakhs Home Loan

₹85 Lakhs Home Loan

₹1.5 Crores Home Loan

₹2 Crores Home Loan

₹65 Lakhs Home Loan

₹60 Lakhs Home Loan

₹45 Lakhs Home Loan

₹40 Lakhs Home Loan

₹55 Lakhs Home Loan

₹35 Lakhs Home Loan

₹50 Lakhs Home Loan

₹25 Lakhs Home Loan

₹30 Lakhs Home Loan

Testimonials

AGHARA RAVIKUMAR M

“

It was very easy to complete disbursement process with support of HDFC staff

”

MURALI SHEEBA

“

For people like us with a busy schedule hassle-free service online without visiting the bank was really a lifesaver.

”

FREDDY VINCENT S V

“

In this challenging situation, the entire process was carried out in a smooth way. Even the query raised was sorted out in a very short time with no hurdle. Every person involved in the inquiry procedures were courteous.

”

Frequently Asked Questions

A person resident outside India who is a citizen of India or a person outside India who is of Indian origin is an NRI.
The definition of a person resident outside India is defined under section 2(w) of Foreign Exchange Management Act, 1999 is as under:
Person resident outside India means, a person who is not resident in India.
A person shall be deemed to be a person not resident in India in the following cases:
When the person stays in India for less than or up to 182 days during the preceding financial year
When a person who has gone out of India or who stays outside India, in either case
For or on taking up employment outside India, or
For carrying on outside India a business or vocation outside India, or
For any other purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period

You can apply for housing loans at any time once you have decided to purchase or construct a property, even if you have not selected the property or the construction has not commenced. You can even apply for a home loan whilst you are working abroad, to plan for your return to India in future.

In the event of you relocating back to India, HDFC Bank reassesses the repayment capacity of the applicant(s) based on Resident status and a revised repayment schedule is worked out. The new rate of interest will be as per the prevailing applicable rate of Resident Indian loans (for that specific loan product). This revised rate of interest would be applicable on the outstanding balance being converted. A letter is given to the customer confirming the change of status.

A photocopy of the PIO card or
A photocopy of current passport indicating birthplace as 'India'
A photocopy of Indian passport, if held by the individual earlier
A photocopy of parent’s / grandparent’s Indian passport / birth certificate/ marriage certificate.

You need not be present in India to avail of your Home Loan. In case you are posted aboard at the time of submission of the loan application and disbursement of the loan, you can avail the loan by appointing a Power of Attorney as per HDFC Bank's format. Your Power of Attorney holder can apply and carry out the formalities on your behalf.

Rates Offered to Customer during the period Jan'24 to Mar'24
Segment	IRR			APR
Segment	Min	Max	Avg.	Min	Max	Avg.
HOUSING	8.25	12.75	8.52	8.25	12.75	8.52
NON - HOUSING*	8.35	15.05	9.34	8.35	15.05	9.34
*NON - HOUSING = LAP(EQUITY), NON-RESIDENTIAL PREMISES & INSURANCE PREMIUM FUNDING LOAN

Home Loan Benefits

End to end digital process

Home loan approval in 4 simple steps.

Customised Repayment Options

Tailor-made home loans to suit your requirements.

Easy documentation

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24x7 assistance

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Online loan account

Product Offering & Features

NRI Loans can be availed by individuals who are NRI/Person of Indian Origin (PIO)/ Overseas Citizen of India (OCI) who are considering acquisition or construction of residential properties.

NRI customers can apply online from overseas location or in India. Customers employed in Merchant navy are also eligible to apply.

NRI loans may also be availed by self-employed professionals and self-employed individuals having a self-owned proprietary firm or a partnership firm.

Apart from Home Loans, Home Extension loan, House Renovation Loan, Plot Loan and Plot plus construction and Insurance Premium Funding Loans are available to Non – Resident Indians.

Non-residential premises loans, loan against property are also available to NRI Customers.

Balance transfer of an existing home loan availed from another financial institution / bank can also be availed.

Minimum loan amount of ₹11 lacs and maximum of ₹2000 lacs.

Maximum loan tenure of 20 yrs.

Home Loan Repayment Options

Tranche Based EMI

If you purchase an under construction property you are generally required to service only the interest on the loan amount drawn till the final disbursement of the loan and pay EMIs thereafter. In case you wish to start principal repayment immediately you may opt to tranche the loan and start paying EMIs on the cumulative amounts disbursed.

Home Loan Terms & Conditions

Security

Security of the loan would generally be security interest on the property being financed and / or any other collateral / interim security as may be required by HDFC Bank Ltd.

Other Conditions

All the information contained herein above is for awareness and customer convenience and is intended to only act as an indicative guide about HDFC Bank’s products and services. For detailed information about HDFC Bank’s products and services kindly visit the nearest HDFC Bank branch.

Click here for the Most Important Terms and Conditions pertaining to your loan.