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Apply SBI NRI Home Loan

SBI NRI Home Loans allows Non-Resident Indians to get closer to home.

SBI NRI Home Loan allows many NRIs (Non Resident Indians) to get home loans when investing in properties. Financially, it makes sense to purchase a property through home loan rather than through personal financing especially when you can invest your personal funds somewhere else for better returns.

SBI NRI Home Loan Features

  •     Low Interest Rates
  •     Low Processing Fee
  •     No Hidden Charges
  •     No Pre Payment Penalty
  •     Interest charges on Daily Reducing Balance
  •     Repayment up to 30 years
  •     Home Loan Available as Overdraft
  •     Interest Concession for Women Borrowers
SBI NRI Home Loan Eligibility
  • Resident Type: Non Resident Indians (NRIs) or Persons of Indian Origin (PIOs)
  • Minimum Age: 18 years
  • Maximum Age: 60 years
  • Loan Tenure: up to 30 years.

SBI NRI Home Loan Interest Rates & Fees


Home Loan (Term Loan)*

Above Rs.3 lakhs & Upto Rs. 30 lakhsAbove Rs.30 lakhs & Upto Rs.75 lakhsAbove Rs.75 lakhs

Home Loan as Overdraft (Maxgain)*

Above Rs.20 lakhs & Upto Rs.30 lakhsAbove Rs.30 lakhs & Upto Rs.75 lakhsAbove Rs.75 lakhs & Upto Rs.3 crores
8.35% p.a8.35-8.40% p.a8.45-8.50% p.a
8.40% p.a8.45-8.50% p.a8.50-8.55% p.a
8.40% p.a8.40-8.45% p.a8.50-8.55% p.a
8.45% p.a8.50-8.55% p.a8.60-8.65% p.a
8.45% p.a8.50-8.55% p.a8.55-8.60% p.a
8.50% p.a8.60-8.65% p.a8.65-8.70% p.a
8.50% p.a8.55-8.60% p.a8.60-8.65% p.a
8.55% p.a8.65-8.70% p.a8.70-8.75% p.a

*Interest rate will vary as per the risk score of the customer

Home Loan Fees

Processing Fee*
  •         0.35% of the loan amount.
  •         Minimum: Rs. 2,000/-
  •         Maximum: Rs. 10,000/-
Plus applicable taxes

  •         Advocate's fee for property search and the title investigation report.
  •         Valuer's fee for valuation report.

  •         Stamp duty payable for Loan agreement & mortgage.
  •         Property insurance premium.
  •         CERSAI Registration Fee of Rs 50 + Service Tax up to Rs 5 Lakh limit and Rs 100 + Service Tax for limits above Rs 5 Lakh.

SBI NRI Home Loan Documents Required

List of papers/ documents applicable to all applicants:

  • Loan Application: 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

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 A/c. Statement (Individual) of last six months
  • If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year

Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:

  • Current Salary Slip or Salary Certificate
  • Copy of Form 16 for last 2 years or copy of IT Returns for last 2 financial years, acknowledged by IT Dept.

Income Proof for Non-Salaried Applicant/ Co-applicant/ Guarantor:

  • IT returns for last 3 years
  • Balance Sheet & Profit & loss A/c for last 3 years
  • Business License Details(or equivalent)
  • TDS Certificate (Form 16A, if applicable)
  • Certificate of qualification (for C.A/ Doctor and other professionals)

Processing Fee

Click here to view the Processing Fee

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