SBI NRI Home Loan

SBI offers home loans to Non-Resident Indians (NRIs) for purchase/construction/renovation of property in India. The lender offers digital home loan...

Competitive Interest Rates

Starting 7.40% p.a.

Handpicked Home Loan Offers

Offers from 25+ Banks & HFCs

Dedicated Customer Support

Expert Assistance at Every Step

Transfer Balance & Get a Top-Up Easily

Additional Funds when Required

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15.5L Reviews

5.7cr+Satisfied Customers

65+Lending Partners

₹65k Cr+Loans Disbursed

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Lowest interest rates starting from 7.1%

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Google Play Store

4.5_/5

15.5L Reviews

5.7cr+Satisfied Customers

65+Lending Partners

₹65k Cr+Loans Disbursed

Competitive Interest Rates

Starting 7.40% p.a.

Handpicked Home Loan Offers

Offers from 25+ Banks & HFCs

Dedicated Customer Support

Expert Assistance at Every Step

Transfer Balance & Get a Top-Up Easily

Additional Funds when Required

Find Best Home Loan Offers

Sort by:

HDFC Bank

Min Loan Amt. ₹15L

Rate of Interest7.2% - 13.2%

Tenure uptoUpto 30 Years

Processing Fee₹ 10,000

ICICI Bank

Min Loan Amt. ₹15L

Rate of Interest7.65% - 9.80%

Tenure uptoUpto 30 Years

Processing Fee₹ 10,000

Axis Bank

Min Loan Amt. ₹30L

Rate of Interest8.35% - 11.90%

Tenure uptoUpto 30 Years

Processing Fee₹ 14,000

Why Choose Paisabazaar?

Compare & Choose the Best Offer

Curated Offers from Multiple Lenders

Highest Loan Approval Chances

Easy & Transparent Borrowing Process

How Can I Apply for a Home Loan Online?

Get up to ₹5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

SBI NRI Home Loan Highlights

Interest rate	7.25% - 8.70% p.a.
Loan amount	Depending on the repayment capacity of the borrower
Loan tenure	Up to 30 years
Processing Charges	0.35% of loan amount (Rs. 3,000 - Rs. 12,000)
Prepayment Charges	NIL

SBI NRI Home Loan Interest Rates

SBI has not mentioned the interest rates offered to its NRI applicants. However, the applicants can avail NRI home loans at the interest rates offered to its regular home loan borrowers.

Products	Interest Rates (p.a.)
Home Loan	7.25% - 8.45%
Home Loan Maxgain (OD)	7.50% - 8.70%
Top-up Loan	7.75% - 10.50%
Top-up Loan (OD)	8.00% - 9.20%
YONO Insta Home Loan Top-up	8.10%

Eligibility Criteria for SBI NRI Home Loan

Below-mentioned is the home loan eligibility criteria set by SBI for its NRI applicants:

Nationality - NRIs and Persons of India Origin (PIOs)

Age - 18 to 70 years

Documents Required for SBI NRI Home Loan

Duly filled loan application with passport size photographs.

In case of KYC compliant Savings Bank Account

No new KYC document is required.
Address proof has to be provided in case of address change.
PAN to be provided in case PAN card is not available in the bank records.

In case of KYC non-compliant Savings Bank Account

ID proof - PAN card, passport, driving license, Aadhar card, voter ID
Address proof - PAN card, driving license, voter ID, utility bills (telephone bills, water bills, electricity bills, gas bills, etc.)

Property Papers

Document of permission of construction (wherever applicable)
Registered sales agreement (only for Maharashtra)/stamped agreement for sale/allotment letter
Share certificate (only for Maharashtra), electricity bill, maintenance bill, property tax receipt
Occupancy certificate (in case of ready-to-move-in properties)
Copy of approved plan and registered development agreement of builder
Conveyance deed for new property
Payment receipts or bank account statement reflecting the payments made to the builder or seller.

Account Statement

Bank statement of their overseas salary and savings account for the last 6 months.
Loan account statement of any previous loan from other lenders.

Income proof of Salaried

Legal work permit
Employment contract
Salary slip for last 3 months
Bank statement of salary account for last 6 months
Copy of ID card issued by the employer
Copy of last year’s ITR (except for employees in the Middle East and merchant navy)

Income proof for Non-salaried

Proof of business address
Income proof of self-employed professionals and businessmen
Balance sheet and P&L accounts for last 2 years
ITR for last 2 years except for individuals employed in the Middle East

Bank statement of overseas account of individuals/company for last 6 months

Get a Home Loan For
Your Dream Home

Step-by-Step Guide to Apply for SBI NRI Home Loan

Go to the official website of SBI.
Click on “Apply Now”.
Click on the “Home Loan Application Form”.
Download the form and fill in the required details.
Submit it in the nearby branch of SBI.

You can also apply for SBI NRI home loan through the SBI YONO app.

Charges Associated with SBI NRI Home Loan

Particulars	Charges
Processing fee	0.35% of loan amount (Rs. 3,000 - Rs. 12,000)
Prepayment Charges	NIL

Why Should NRIs Choose SBI for Home Loans

NRIs should choose SBI for home loans for the following reasons:

The lender offers competitive interest rates.
The loan tenure is relatively longer than most lenders.
The bank does not levy any prepayment fees on the borrower.
The bank offers floating interest rates on reducing balance method.
The bank provides overdraft and balance facilities.
It also offers digital loan application with minimal documentation.

Women applicants are offered an interest rate concession of 0.05%.

Tips for NRIs Applying for Home Loans in India

Maintain a strong credit profile.
Check your eligibility before loan application.
Add a co-applicant to enhance your eligibility.
Make a larger down payment.
Compare multiple lenders before applying.
Opt for the right loan tenure to save on the overall loan cost.
Make part prepayments whenever possible.

How Can I Apply for a Home Loan Online?

Get up to ₹5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

Explore Our Home Loan Lenders

Get a Home Loan For
Your Dream Home

FAQs

Yes, NRIs with a strong credit profile can apply for SBI home loans in India.

SBI has not mentioned the interest rates offered to its NRI applicants. However, the NRI applicants can avail home loans at interest rates offered to the regular home loan borrowers, i.e, 7.25% p.a. onwards.

SBI offers NRI home loans at flexible repayment tenure of up to 30 years.

SBI offers a minimum loan amount of Rs. 15 lakh to its NRI applicants depending on their repayment capacity.

Yes, NRIs can repay their home loans from abroad through their NRE, NRO or FCNR accounts.

Yes, adding a co-applicant enhances the eligibility of home loan applicants. So NRIs can add a co-applicant to their home loan if needed.

Yes, NRIs can avail tax benefits on their home loan.

Yes, SBI NRI home loan can be used for under-construction properties.

Yes, prepayment is allowed for SBI NRI home loan with no prepayment charges levied on the borrowers.

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Office ke chalte jyada samay nahi nikal pata tha. Paisabazaar ke online process ki wajah se na hi mene banks ke rates compare karliye ghar bathe balki mera loan application aur disbursal bhi ghar bathe hi ho gaya...bank jana hi nahi pada...

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Home loan here

I took home loan here and they helped me in every step specially in collecting and submitting documents at the time of approval.

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Got the best home loan interest rate

I was confused and did not have so much time to carry out all the research, so I logged in to Paisabazaar’s portal and was able to see the home loan options I was eligible for. With the assistance of Paisabazaar’s experts, I was able to find the home loan that offered the rate of interest I could afford. Thank you Paisabazaar!

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Excellent Home Loan Service by Paisabazaar

Ended up taking an ICICI Home Loan and I think it was one of the best decisions I ever made. I thank Paisabazaar for helping me out and answering my questions with so much patience.

KJ ThomasSep 10, 2021

Had a great experience with Paisabazaar

I have always heard my friends talking about how tedious it was for them to avail a home loan and decide the most suitable option. But with the help of Paisabazaar, I was able to compare several home loans and opt for the one that suited my needs. I am happy that I considered Paisabazaar for helping me.

Ritesh SharmaSep 10, 2021

quick and easy home loan process

I had never thought that applying for a home loan could be so easy. The entire process was online and I didn’t have to go anywhere for application or documentation of my home loan. Paisabazaar experts helped me navigate through the process and later the bank collected my documents and everything was quick and seamless.

Rupanjali MishraSep 3, 2021

Satisfied experience with Paisabazaar

I am satisfied with my home loan experience with Paisabazaar. I could easily compare different home loan options and apply for the home loan. Their customer care team also called me to confirm all the details and soon after the bank contacted to take the process forward. The process was really smooth.

Soumil KhannaSep 3, 2021

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Written By

Sumit Kumar

Reviewed By

Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners

*Applicable for selected customers

Check Handpicked Home Loan Offers
At Affordable Rates

SBI NRI Home Loan

Find Best Home Loan Offers

How Can I Apply for a Home Loan Online?

SBI NRI Home Loan Highlights

SBI NRI Home Loan Interest Rates

Eligibility Criteria for SBI NRI Home Loan

Documents Required for SBI NRI Home Loan

Step-by-Step Guide to Apply for SBI NRI Home Loan

Charges Associated with SBI NRI Home Loan

Why Should NRIs Choose SBI for Home Loans

Tips for NRIs Applying for Home Loans in India

How Can I Apply for a Home Loan Online?

FAQs

Can NRIs apply for SBI home loans in India?

What is the interest rate for SBI NRI home loan?

What is the maximum tenure for SBI NRI home loan?

How much loan can an NRI get from SBI?

Can NRIs repay home loans from abroad?

Do NRIs need a co-applicant for SBI home loan?

Can NRIs get tax benefits on SBI home loans?

Can SBI NRI home loan be used for under-construction properties?

Is prepayment allowed for SBI NRI home loan?

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