SBI NRI Home Loan

SBI NRI Home Loan Highlights
Interest Rate	7.50% – 8.70% p.a.
Loan Amount	Up to 90% of the property value
Repayment Tenure	Up to 30 years
Processing fee	0.35% of the loan amount (Rs 2,000-Rs 10,000)

Interest rates as of 25 June 2025

SBI NRI Home Loan Interest Rates

SBI Home Loan Schemes	Interest Rates (p.a.)
SBI Home Loan (TL)	7.50%-8.45%
SBI Maxgain Home Loan (OD)	7.75%-8.70%
SBI Top-up Home Loan	8.00%-10.50%
SBI Top-up Home Loan (OD)	8.25%-9.20%
SBI YONO Insta Home Top-up	8.35%

SBI NRI Home Loan Processing Fees

Processing fee

0.35% of the loan amount (Rs 2,000-Rs 10,000)

SBI NRI Home Loan Eligibility Criteria

Stated below are the SBI home loan eligibility criteria for NRIs:

• Resident Type: Non-Resident Indians (NRIs) or Persons of Indian Origin (PIOs)
• Minimum Age: 18 years
• Maximum Age: 70 years

SBI NRI Home Loan Documents Required

List of common documents for all applicants:

• Employer Identity Card
• Attested copy of valid Passport and visa
• Address proof mentioning the current overseas address
• Copy of Continuous Discharge Certificate (CDC)-for applicants employed in the merchant navy
• PIO Card issued by the Government of India (in the case of PIOs)
• The attestation of documents may be done by FOs/Rep. Offices or Indian Embassy/Consulate or Overseas Notary Public or officials of Branch/Sourcing outfits based in India
• Completed loan application form duly filled with 3 Passport size photographs
• Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card
• Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card

List of property papers:

• Permission for construction (where applicable)
• Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/Stamped Agreement for Sale
• Occupancy Certificate (in case of ready-to-move property)
• Share Certificate (only for Maharashtra), Maintenance Bill, Electricity Bill, property tax receipt
• Approved Plan copy (Xerox Blueprint) & Registered Development agreement of the builder, Conveyance Deed (For New Property)
• Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller

Account Statement

• Bank account details for the previous 6 months overseas account showing salary and savings and Indian account, if any
• If any previous loan from other Banks/Lenders, then the Loan A/c statement for the last 1 year

Income proof for salaried applicant/co-applicant/guarantor:

• Valid work permit
• Employment contract – an English translation duly attested by the employer/ consulate / our foreign office / Embassy in case it is in any other language
• Last three months’ salary certificate/slip
• Last six months’ Bank Statement showing salary credit
• Latest salary certificate /slip in original and a copy of the identity card issued by the current employer
• Duly acknowledged copy of last year’s Individual Tax Return except for NRIs/PIOs located in Middle East countries and employees in the Merchant Navy.

Income proof for non-salaried applicant/co-applicant/guarantor:

• Business address proof
• Proof of income in case of self-employed professionals/businessmen.
• Last 2 years Audited/C.A. certified Balance Sheet and P&L accounts,
• Last 2 years Individual Tax Return except for NRI/PIO located in Middle Eastern countries
• Last six months’ Bank Statement of overseas account in the name of the individual as well as company/unit.