HOME LOAN SCHEMES
BUILD YOUR DREAM HOME WITH OUR HOME LOAN SCHEMES

NRI HOME LOAN SCHEME
For purchase /construction of residential building in India or for repair/renovation of
existing houses
Joint loan with close relatives of NRI also considered
Eligibility
a) 20 times of monthly salary
b) Maximum 80% of construction or
purchase cost – maximum INR 50 lacs
c) Maximum INR 5 lacs for repair and
renovation
d) Minimum monthly income of applicant
should be INR 10000
Repayment period - Maximum 180 Equated Monthly Instalments (EMIs) for
construction/purchase and 60 EMIs for repair/renovation
If property is let out on rent, entire rental income should be paid to the loan account
Repayment by close relative in India permitted
Holiday period for repayment 6 months for acquisition, 12 months for construction and 3
months for repair/renovation
Mortgage of property as security
Processing fee applicable

HOME LOAN SCHEME FOR CLOSE RELATIVES OF NRIs
Home loans are granted close relatives of NRIson the basis of guarantee of NRI
Close relatives of NRIs like spouse/childen/parents eligible
Applicants should be resident Indians
Minimum monthly salary of NRI should be INR 15000
Salary of applicant also considered if employed in government/public sector or reputed
institutions
NRI should have minimum three years continuous service overseas and one year account
relationship
Property should be registered in the name of relative
Eligibility
a) Maximum 20 times of gross salary
b) Maximum loan amount INR 20 lacs for
construction/acquisition
c) Maximum INR 3 lacs for repair/renovation with
25% margin
Repayment Period – 15 years for construction or acquisition and 5 years for
repair/renovation