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Homeloan for Nri
Home Loan for NRIs
Buy your home in India with a loan from Home First!

If you are an NRI, who is contemplating buying a property in India, you have come to the right place for your loan. Home First provides loans for purchase of new homes for NRIs. Key features of our home loan product for NRIs are: 

PRODUCT FEATURES
  • Loans Up to 90%* of the property value
  • Loan tenure from 1 to 20 years
  • Fixed & Floating interest rate options
  • One time fixed processing fees
  • ZERO charges for early closure or partial pre-payment
  • Co-applicant & Guarantor option for applying for loan
  • Interest calculated on monthly reducing balance
  • Entire process from application to sanction handled by Home First Loan Counsellor. No agents or intermediaries
* For loan amounts less than Rs. 20 lakhs

ELIGIBILITY
Loans can be availed by salaried and self-employed individuals who have a regular source of income.

Try our Eligibility Calculator to find out the loan amount that you are eligible for.

You can apply for a loan by submitting a home loan application form along with the documents listed below:
DOCUMENTATION
DOCUMENT DETAILS
Identity Proof Copy of passport with visa stamp
Address Proof Utility bill or other standard address proof
Photographs 1 passport size photograph
Income Proof Salaried:
  • Latest 3 months salary slips
  • Form 16 (latest year)
  • ITR (latest year)
Self-Employed:
  • ITR, P&L and Balance sheet for latest 3 years
Bank Statements Latest 6 months (Overseas account & NRE/NRO account)
Others Copies of employment contract
Others Overseas credit bureau report
notes


INTEREST RATE, FEES AND CHARGES
Housing Loans
Category Loan Amount Slab Fixed Floating One Time Processing Fees
Min Max Min Max
Salaried Upto Rs. 5 lakhs 15.50% 16.00% 12.90% 14.00% Rs.6500 + Service Tax*
  Above Rs. 5 lakhs 15.50% 16.00% 12.90% 14.00% Rs. 8500 + Service Tax*
Self-Employed Upto Rs. 5 lakhs 16.50% 17.50% 12.90% 15.00% Rs. 7500 + Service Tax*
  Above Rs. 5 lakhs 16.50% 17.50% 12.90% 15.00% Rs. 10000 + Service Tax*
 
Home-Equity/Loan Against Property
Salaried       16.50% 18.50% Rs. 10000 + Service Tax*
Self-Employed       16.50% 18.50% Rs. 12500 + Service Tax*

*Service Tax @ 12.36% HFFC PLR - 14.5% Wef: 1st Feb' 2013

Note:
- For Home-Equity/Loan Against Property cases, legal and technical charges will be charged in addition to above fees
- Stamp duty applicable for Memorandum of Equitable Mortgage will vary depending on location and will be charged for all cases in addition to above fees
- Other Charges
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