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Checklist for NRI Home Loan

January 07, 2020

Owning a home back in India is a dream that many Non-Resident-Indians cherish. High on nostalgia and now high on returns, real estate is an investment option that cannot go wrong. If you are a Non-Resident Indian (NRI) planning to invest in a dream home in India, this is perhaps the best time to go ahead with your plans.

Why now?

The Reserve Bank of India (RBI) and the central government have announced a slew of offers to attract more NRIs to invest in their dream homes. The depreciation of the rupee against the dollar too works in favor of the NRIs. And that is not all, most of the builders in India are going all out to woo the NRIs with attractive discount options.

Who can avail of the loan?

A Non-Resident-Indian can avail of a home loan for investment in India from any of the leading banks and other financial agencies.   At Federal Bank, we have eased the process a great deal. You can be a salaried professional, or a self-employed person or a business person to avail of these home loans.  A Person of Indian Origin (PIO) can also avail of the loans, provided, they meet the stipulated requirements.


At Federal Bank, we have tried to make the documentation efficient and hassle-free. We need the KYC documentation which includes a proof of identity, ideally the valid passport, copy of the visa for the continuance of employment, valid address proof and the photographs. If you are a salaried professional, we will require an embassy attested proof of salary and if you are a non-salaried NRI, we will require your balance sheet/profit and loss account for the last two years. There are a few other documents that will also need to be produced for the process. Please find the full list of documentation here.

Repayment options

To make the process hassle-free you can leave a standing instruction at the bank or carry out the transaction through our online or mobile banking platforms. You can calculate the loan rates by checking this page or by contacting us.

 Are you one of those people who have been putting off the investment of a lifetime in India? Stop procrastinating and go ahead and give us a call now!