Loan for NRIs
Buying a home in Vadodara from abroad is simple. Here is how NRI home loans work — and how our NRI desk helps you at every step.
- Loan amountUp to 80% of value
- TenureUp to 20 – 30 years
- RepaymentNRE / NRO / FCNR (B)
- LendersSBI, HDFC, ICICI, Axis, LIC HFL, BoB
Indicative figures — the final amount, rate and tenure depend on the lender and your profile.
Who Can Apply
Buying from abroad
Under FEMA rules, NRIs, PIOs and OCIs can buy residential and commercial property in India and finance it with a home loan from an Indian bank or housing finance company.
- NRI Non-Resident Indian
- PIO Person of Indian Origin
- OCI Overseas Citizen of India
Eligibility
What lenders look for
- Indian citizen living abroad, or an OCI / PIO card holder
- Age 21 or above; loan to end by 60 – 65 years
- Steady income abroad — salaried or self-employed
- Valid Indian passport (or OCI / PIO card)
- An active NRE or NRO account with an Indian bank
How It Works
From shortlist to keys — remotely
- 1
Choose your home
Explore our projects online or on a video call with our NRI desk.
- 2
Get pre-approved
We connect you with partner lenders to check eligibility and the loan amount.
- 3
Share documents
Send documents digitally; a Power of Attorney can act for you in India.
- 4
Sanction & booking
The lender sanctions the loan and disburses as construction progresses.
- 5
Possession
We coordinate registration and handover — in person or through your POA.
Documents Required
Keep these ready
Identity
- Passport & visa copy
- OCI / PIO card, if applicable
- Passport-size photographs
Income
- Salary slips or employment contract (3 – 6 months)
- Tax returns from country of residence (2 years)
Banking
- Overseas bank statements (6 months)
- NRE / NRO account statements (6 months)
Property & address
- Property documents from Mangla Group
- Address proof in India and abroad
Repayment
EMIs are paid in Indian Rupees and auto-debited from your NRE, NRO or FCNR (B) account. Rental income from the property can also go towards repayment.
Tax benefits
NRIs can claim deductions under Section 80C (principal) and Section 24 (interest) of the Income Tax Act, subject to the DTAA between India and your country of residence.
Talk to our NRI desk
Documentation, loan processing, Power of Attorney and handover — handled remotely, with one point of contact.