Yes — NRIs and OCIs can borrow in India for residential, under-construction, commercial and land purchases, and can borrow against property they already own. What differs is which lenders serve which product, what documentation they ask for, and how disbursement works. This guide breaks down each category so you know which one applies to you before you talk to a lender.
NRIs can finance 5 categories of Indian property, each with different lenders and rules.
PSU banks, private banks, a few international banks, and NBFCs/HFCs — coverage varies by product.
NRE/NRO account, overseas income proof, valid passport/visa, and PAN — details vary by lender.
Often possible via registered Power of Attorney and video/embassy-attested KYC, lender-dependent.
For ready-to-move or resale residential property. The most widely available NRI loan category — nearly every PSU bank, private bank and several NBFCs offer this.
See NRI Home Loans guide →Disbursement is tied to the builder's construction stages, with a pre-EMI option until full disbursement. Requires the lender to have approved the specific project.
See Under-Construction guide →Financing for office, shop, retail unit and warehouse purchases. Fewer lenders serve this category, and eligibility criteria are typically stricter than residential.
See Commercial Property guide →For approved residential plots, either standalone or paired with a construction plan. Agricultural land is generally not financeable.
See Land Loans guide →Borrow against property you already own in India, for any documented end-use. Typically lower LTV than a purchase loan, but no restriction on what the funds are used for.
See Loan Against Property guide →Move an existing home loan to a lender offering a better rate, or borrow additional funds on top of a loan you're already repaying — usually after a minimum track record.
See Balance Transfer & Top-Up guide →| Category | Typical max LTV | Typical tenure | Who it suits |
|---|---|---|---|
| Home Loan (ready/resale) | Up to 80% | Up to 30 years | Buying to live in or rent out |
| Under-construction | Up to 80% | Up to 30 years | New-launch or ongoing project purchase |
| Commercial property | Up to 70% | Up to 15 years | Office/shop/retail/warehouse purchase |
| Land loan | Up to 70% | Up to 15 years | Plot purchase, with or without construction plan |
| Loan Against Property | Up to 70% | Up to 15 years | Unlocking equity for any documented purpose |
General industry/RBI-guideline ranges as of 2026 — actual LTV and tenure a specific NRI applicant is offered depends on the lender, property location, loan size and applicant profile. These are starting-point figures, not a quote from any lender; exact lender-by-lender numbers still need verification before publishing rate/fee specifics.
Exact requirements vary by lender and by country of residence — see your country page for local specifics. In general, expect:
Passport, valid visa/residency proof, PAN card, OCI card if applicable.
Salary certificate or contract, bank statements (6–12 months), overseas tax returns where applicable.
Sale agreement or allotment letter, title documents, project approval (for under-construction), property valuation.
A home loan finances a purchase and is secured against the property being bought. Loan Against Property is secured against a property you already own, and the funds can generally be used for any documented purpose — not restricted to buying another property.
Yes — lenders assess NRI applicants primarily on overseas income, usually via salary certificates, employment contracts and bank statements, converted to INR equivalents for eligibility calculations.
Many lenders accept a registered POA for signing documents and completing formalities in India, though some steps (like the initial application or video KYC) may still require the applicant's direct involvement. This varies by lender — check the specific lender page.
Residential (ready, resale or under-construction), commercial (office, shop, retail, warehouse — fewer lenders), and residential plots/land (with restrictions on agricultural land). LAP can be secured against residential or commercial property already owned.
Author: Himanshu Gupta · Reviewer: Sachin Gupta · Last verified: [Date]