NRI home loans — 6 banks compared
Rates 8.5–9.5%, max LTV 75–80%, tenure up to 30 years. Income proof from overseas employer + NRE/NRO history required.
⭐ Top picks · digital + NRI-friendly
Public sector + specialised
For most NRIs, ICICI wins on digital. SBI wins on rate.
ICICI processes most of the loan online from your overseas address. SBI undercuts on rate by 35-50bps but requires a branch visit (or a power of attorney + Indian co-applicant). HDFC sits in between — branch experience but excellent NRI service desk.
→ ICICI NRI Home Loan (8.75%)
Application + sanction + disbursement entirely online if you already have an ICICI NRI account. 80% LTV, 30-year tenure. Processing fee 0.5% capped at ₹50K.
→ SBI NRI Home Loan (8.40%)
35-50bps cheaper than private banks. On a ₹1cr loan over 20 years, that's ~₹6L saved. But branch + papers + Indian co-applicant typically required. Worth it for cost-conscious NRIs with India trip planned.
→ Kotak NRI Home Loan (8.85%)
Kotak doesn't push back on US-NRI applicants the way some other banks do. If you've had FATCA friction before, Kotak's NRI desk handles it cleanly. Rate slightly higher but cleaner process.