SBI NRI Home Loan

  • 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


  • 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.
  • Loan Amount: Click Here
Home Loan (Term Loan)*

Above Rs. 3 lakhs & Upto Rs. 30 lakhs Above Rs.30 lakhs & Upto Rs.75 lakhs Above Rs.75 lakhs
Home Loan as Overdraft (Maxgain)*

Above Rs.20 lakhs & Upto Rs.30 lakhs Above Rs.30 lakhs & Upto Rs.75 lakhs Above Rs.75 lakhs & Upto Rs.3 crores
8.70-8.80 ** % p.a 8.85-8.95% p.a 8.95-9.05% p.a
8.75-8.85 ** % p.a 8.95-9.05% p.a 9.10-9.20% p.a
8.75-8.85 ** % p.a 8.90-9.00% p.a 9.00-9.10% p.a
8.80-8.90 ** % p.a 9.00-9.10% p.a 9.15-9.25% p.a
8.85-8.95 ** % p.a 9.00-9.10% p.a 9.10-9.20% p.a
8.95-9.05 ** % p.a 9.15-9.25% p.a 9.30-9.40% p.a
8.90-9.00 ** % p.a 9.05-9.15% p.a 9.15-9.25% p.a
9.00-9.10 ** % p.a 9.20-9.30% p.a 9.35-9.45% p.a

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

** Based on LTV of the Customer


  • Processing Fee*
    1. Zero till 31st December 2018.

*Plus applicable taxes

  • Pre-sanction**
    1. Advocate’s fee for property search and the title investigation report.
    2. Valuer’s fee for valuation report.
  • Post-sanction**
    1. Stamp duty payable for Loan agreement & mortgage.
    2. Property insurance premium.
    3. CERSAI Registration Fee of Rs 50 + GST up to Rs 5 Lakh limit; and Rs 100 + GST for limits above Rs 5 Lakh.
Click here to view old Interest Rates

List of papers/ documents applicable to all applicants:

  • Employer Identity Card
  • Attested copy of valid Passport and visa.
  • Address proof mentioning the current overseas address
  • Copy of Continous Discharge Certificate (CDC)-for applicants employed in the merchant navy.
  • PIO Card issued by Government of India. (in case of PIOs)
  • The attestation of documents may be done by FOs/Rep. Offices or Indian Embassy/Consulate or Overseas Notary Public or officials of Branch/Sourcing outfits based in India.
  • 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 account details for the previous 6 months overseas account showing salary and savings and Indian account if any.
  • 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:

  • Valid work permit
  • Employment contract – an English translation duly attested by employer/ consulate / our foreign office / Embassy in case it is in any other language
  • Last three months’ salary certificate/slip
  • Last six months’ Bank Statement showing salary credit
  • Latest salary certificate /slip in original and copy of identity card issued by the current employer
  • Duly acknowledged copy of last year Individual Tax Return except for NRIs/PIOs located in Middle East countries and employees in the Merchant Navy.

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

  • Business address proof
  • Proof of income in case of self-employed professionals/businessmen.
  • Last 2 years Audited/C.A. certified Balance Sheet and P&L accounts,
  • Last 2 years Individual Tax Return except for NRI/PIO located in Middle east countries
  • Last six months’ Bank Statement of overseas account in the name of individual as well as company/unit.