Apply for NRI Home Loan - Starting from 7.50% Onwards

Q: How does the disbursement process work for an NRI home loan?

NRI loan disbursement involves: Documentation: Complete verification of NRI status and income. Property Verification: Legal and technical verification in India. FEMA Compliance: Adherence to Foreign Exchange Management Act. Disbursement: Direct to seller/builder account or staged disbursement. Repatriation: Funds can be repatriated subject to RBI guideline.

Q: Are NRIs eligible for tax benefits on this loan?

Yes, NRIs can claim tax benefits in India: Section 80C: Principal repayment up to ₹1.5 lakh. Section 24(b): Interest deduction up to ₹2 lakh for self-occupied property. Benefits apply only if the NRI has taxable income in India

Q: How can an NRI apply for a housing loan in India?

NRIs can apply by: Online Application: Through PNB Housing website, Branch Visit: When in India or through representative, Documentation: Submit NRI-specific documents, Income Proof: Foreign income statements with conversion, Legal Compliance: Ensure FEMA and RBI compliance.

Q: What is the difference between an NRI home loan and a normal home loan?

Key differences include: Income Source: NRI loans consider foreign income, Documentation: Additional NRI status and income proofs required, FEMA Compliance: Must adhere to foreign exchange regulations, Repatriation: NRIs have repatriation benefits, Interest Rates: May have slight variations in rates.

Advantages of taking NRIs Home Loan from PNB Housing

Pan India branch network

Door step services ensuring easy and fast approval & disbursal of loans

Excellent post disbursement services

Facility of enhancement in loan amount in the event of escalations in cost

Dedicated team of well-experienced employees

High standards of ethics, integrity and transparency

Various repayment options

PNB Housing NRIs Home Loan

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Home Loan for NRIs

Interest Rate

Note: The mentioned Interest rates are Floating Rates

View Interest Rate as per Credit Scores

Home Loan for NRIs

Interest Rate

Rate Card	HL – Salaried (Starting from)	HL – Non-Salaried (Starting from)
NTC CIBIL <=170	9.65%	9.95%
NTC CIBIL >170	9.55%	9.85%
Up to 650	9.75%	10.05%
>650 to <=700	9.75%	10.05%
>700 to <=725	9.10%	9.40%
>725 to <=750	8.75%	9.05%
>750 to <=775	8.60%	8.90%
>775 to 799	8.50%	8.80%
>=800 to 825	8.40%	8.70%
>=825	7.75%	8.00%

**NTC: New to Credit

*Rates of interest are subject to change at the sole discretion of PNB Housing.

Credit Score	Salaried	Non Salaried
>=825	8.25% to 9.75%	8.55% to 10.05%
>800 to 825	8.80% to 10.30%	8.90% to 10.40%
>775 to 799	9.05% to 10.55%	9.55% to 11.05%
>750 to <=775	9.15% to 10.65%	9.70% to 11.20%
> 725 to <=750	9.40% to 10.90%	10.10% to 11.60%
> 700 to <=725	9.75% to 11.25%	10.45% to 11.95%
>650 to <=700	10.15% to 11.65%	10.65% to 12.15%
upto 650	10.15% to 11.65%	10.65% to 12.15%
NTC Cibil >=170	9.95% to 11.45%	10.35% to 11.85%
NTC Cibil <170	10.05% to 11.55%	10.45% to 11.95%

Fixed Rate for Home Loan – 14.75%

*Rates of interest are subject to change at the sole discretion of PNB Housing.

**NTC: New to credit

Rate Card	HL – Salaried (Starting from)	HL – Non-Salaried (Starting from)
NTC CIBIL <=170	9.55%	9.85%
NTC CIBIL >170	9.45%	9.75%
Up to 650	9.65%	9.95%
>650 to <=700	9.65%	9.95%
>700 to <=725	9.00%	9.30%
>725 to <=750	8.65%	8.95%
>750 to <=775	8.50%	8.80%
>775 to 799	8.40%	8.70%
>=800 to 825	8.30%	8.60%
>=825	7.60%	7.85%

*Rates of interest are subject to change at the sole discretion of PNB Housing.

**NTC: New to Credit

Rate Card	HL Salaried (Starting from)	HL Non-Salaried (Starting from)
NTC Cibil ≤ 170	9.45%	9.75%
NTC Cibil > 170	9.35%	9.65%
Up to 650	9.55%	9.85%
> 650 to ≤ 700	9.55%	9.85%
> 700 to ≤ 725	8.90%	9.20%
> 725 to ≤ 750	8.55%	8.85%
> 750 to ≤ 775	8.40%	8.70%
> 775 to 799	8.30%	8.60%
≥ 800 to 825	8.20%	8.50%
≥ 825	7.50%	7.75%

Fixed Rate for Home Loan – 14.75%

*Rates of interest are subject to change at the sole discretion of PNB Housing.

**NTC: New to Credit

Home Loan for NRIs

Eligibility Criteria

You should be an Indian citizen or a Person of Indian Origin (PIO) holding an Indian passport with status of NRI on deputation/ employment/ assignment.
for atleast one year in a foreign country before seeking a house loan. The condition of minimum service over one year shall not apply to people going abroad on deputation.
Your age should not be more than 70 years at the time of loan maturity

Check your Eligibility

Steps to

Apply for a Home Loan for NRIs Online

Now that you have complete information on PNB Housing Home Loans for NRIs, it is time to start applying for them. The below-listed process will help you smoothly fill out the application form and get a call back from PNB Housing’s customer care representatives:

Step 1

Click on the Apply for Loan button to initiate your application.

Apply for Loan

Step 2

Enter your Basic details & loan requirements.

Step 3

An OTP will be shared on your mobile number to verify your details.

NRIs Home Loan

Documents Required

Getting a home loan as an NRI requires proper documentation. At PNB Housing, we understand the importance of a smooth and straightforward process. That's why we have simplified the documentation process for NRIs applying for a home loan. Here is the list of documents required for a PNB Housing Home loan:

Click here to download the Application Form

Personal Documents

Duly filled Application Form with Photograph
Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority)
Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)
Copy of Passport/ PIO Card
Education Qualifications – Latest Degree
Photocopy of Title Documents of the Property, Approved Plan etc.

Professional Documents

Copy of Work Permit if applicable
Latest three Salary-slips
Appointment letter of current employer
Last two year’s income statement from employers
Last 6 months Bank Statements (evidencing salary credits)
Detailed Cost Estimate from an Architect/ Valuer in case of Construction/ Renovation
Processing Fee Cheque in favour of ‘PNB Housing Finance Ltd.’

Looking for Something Else?

Contact Us

Apply Online

Use your computer or smartphone from the comfort of your home.

Request a Call

Speak with a Relationship Manager, who will help guide you through your requirement.

Contact via Email

Email us your financial requirements to connect with our experts nricare@pnbhousing.com

Talk to an Expert

You can connect with a our expert and share your financial requirements to 1800-120-8800

Apply Online

Use your computer or smartphone from the comfort of your home.

Request a Call

Speak with a Relationship Manager, who will help guide you through your requirement.

Contact via Email

Email us your financial requirements to connect with our experts nricare@pnbhousing.com

Talk to an Expert

You can connect with a our expert and share your financial requirements to 1800-120-8800

NRI Home Loan Blogs

NRI HOME LOANS: THE GENERAL ELIGIBILITY NORMS

Frequently Asked Questions

What is an NRI home loan?

An NRI home loan is specifically designed for Non-Resident Indians and Persons of Indian Origin (PIOs) who want to purchase, construct, or renovate property in India. PNB Housing offers NRI Home loans to Non-Resident Indians and Person of Indian Origin to finance their purchase, construction, improvement, and renovation needs

How is interest calculated on NRI home loans?

Interest calculation for NRI home loans follows the same method as regular home loans:

Floating Rate: Interest varies with market conditions
EMI Calculation: Standard EMI formula applies
Currency: Loans are in INR, but income can be considered in foreign currency
Prepayment: No prepayment penalties typically