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About NRI Loans

Individuals move out of the nation for different reasons like training, work, and so on. Unexpected budgetary costs emerge notwithstanding during times when you are living abroad. In the event that you are living in another nation just on an impermanent premise, it could be amazingly hard to acquire loans in that nation for your pressing money related needs. In this situation, you can deal with your crisis personal costs with the assistance of personal loans accessible for non-inhabitant Indians (NRIs).

There are many top banks in the nation that offer personal loans for NRIs. The personal loan acquired from these banks can be utilized for anything extending from home remodel to excursions. The procedure for getting these loans have been improved for NRIs. The equivalent can likewise be said about reimbursement techniques. How about we investigate the various kinds of personal loans accessible for NRIs.

NRI home loan is for them who might remain the world over be that as it may, their heart lies in India! What’s more, as is commonly said, home is the place the heart is! Along these lines, in the event that you are wanting to put resources into a home/property in India, you should simply contact a bank or Non-Banking Financial Company (NBFC) and connect with their home loan department.All driving banks, NBFCs and housing fund organizations have characterized diverse pay criteria. So right off the bat you can check, think about and pick interest rates offered by a few moneylenders with other qualification criteria and further can check level of pay of the ideal loan specialist.

We offer several loan products to help you buy a home or car for your family back in India and also loan against your deposit with us to tide over unforeseen financial needs. You can leverage your future income, existing assets, and deposits as security for the loan.

Whether you’d like a new kitchen, add an extra bathroom or just wish to breathe new life into your house, we helps you to get NRI Home Improvement Loans. So, make your home suit your changing needs and renovate, furnish or paint your home with ease.

Types of NRI Loans

  • NRI Personal Loan
  • NRI Housing Loan
  • NRI Mortgage Loan
  • NRI Car Loans


Key attractions of NRI Loans

  • Loans to NRIs, PIOs and OCIs* for the purchase of a flat, row house, bungalow from private developers in approved projects in India
  • Avail of Home Loan Advisory Services in the country where you currently reside
  • Loans for the purchase of properties from Development Authorities such as DDA, MHADA etc.
  • Loans for construction on a freehold / lease hold plot or on a plot allotted by a Development Authority in India
  • Valuable insights on developer projects, location, documentation and offerings
  • Loans for purchase of properties in an existing Co-operative Housing Society or Apartment Owners’ Association or Development Authorities settlements or privately built up homes
  • Loan for purchase of property located anywhere in India*
  • Loans also available for those employed in the Merchant Navy
  • Attractive interest rates
  • Finance upto 90% of On Road Price (On-Road price includes Registration, Insurance and Extended Warranty/ Total Service Package/ Annual Maintenance Contract/ Cost of Accessories)


Required Documents

NRI Personal Loans
  • Salary Certificate in Company Letter head /6 months pay slips
  • Copy of Job Contract, Passport and Visa
  • One year bank statement in which salary is credited
  • NRE bank account statement one year (Local bank)
  • Qualification Proof (if professional)
  • Job ID card
  • Pan card, Adhaar card
  • Co-Applicant Details (Photo, ID, Address proof)
  • Two year income tax return (except gulf NRI’s)
  • Loan sanction letter & loan track (starting to till date)




All loans are not created equal, Loans has become a great option for people to use.

Faster Loan

Cochin Financial Services helps you to get the loan faster than any other consultants! Starting from document prepartion, our main motto is to get you the money!

Choose amount

All charges are communicated up front in writing along with the loan quotation, and let us know how much money you want and we set strategy accordingly.

Enjoy the best rates

Our loan rates and charges are very attractive. We always get you loan for the best interest rates in the market. Its upto us to get you a hassle free loan.

Decide your tenure

As our loan rates and charges are very attractive, we help the clients to workout on tenure which never become a burden for them. We works for you.


Loan Eligibility


Eligibility CriteriaSalaried or Self-Employed 
Work ExperienceMinimum 2 years of work experience in present company
Age CriteriaMinimum: 18 years Maximum: 60 years/retirement age
Loan TenureUp to 30 years
Loan AmountDepends on the borrower’s profile
Interest Rate8.70% onwards
Prepayment ChargesNil to maximum of 2%
Late Payment Charges1% to 3%
Nationality Indian
Resident TypeNon-Resident Indians (NRI) or Persons of Indian Origin (PIOs)


Profiles: The different profiles that are eligible to apply for housing loans are:

  • Non-Resident Indian (NRI)
  • Person of Indian Origin (PIO)
  • Overseas Citizen of India (OCI) – except citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Bhutan or Nepal

Prerequisite: As an NRI, you require a resident Indian as a co-applicant, co-borrower or co-owner of the property and be a part of the home loan application which is to be submitted.

Age: If you are an NRI and wish to own a property in India, 21 years is the minimum age requirement. Maximum age limit is either 60 years or retirement age, whichever is earlier, at the time of maturity of loan.

Work Experience: As a loan applicant, you should have a minimum overseas work experience of one year for salaried and two years for self-employed.

Salary Criteria: All leading banks, NBFCs and housing finance companies have defined different salary criteria. So firstly you can check, compare and choose interest rates offered by several lenders with other eligibility criteria and further can check income bracket of the desired lender.


Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

Your bank will assess your repayment capacity while deciding the home loan eligibility. Repayment capacity is based on your monthly disposable / surplus income, (which in turn is based on factors such as total monthly income / surplus less monthly expenses) and other factors like spouse’s income, assets, liabilities, stability of income etc. The main concern of the bank is to make sure that you comfortably repay the loan on time and ensure end use. The higher the monthly disposable income, higher will be the amount you will be eligible for loan. Typically a bank assumes that about 55-60 % of your monthly disposable / surplus income is available for repayment of loan. However, some banks calculate the income available for EMI payments based on an individual’s gross income and not on his disposable income.

The amount of the loan depends on the tenure of the loan and the rate of interest also as these variables determine your monthly outgo / outflow which in turn depends on your disposable income.


You repay the loan in Equated Monthly Installments (EMIs) comprising both principal and interest. Repayment by way of EMI starts from the month following the month in which you take full disbursement.

The longer the tenure of the loan, the lesser will be your monthly EMI outflow. Shorter tenures mean greater EMI burden, but your loan is repaid faster. If you have a short-term cash flow mismatch, your bank may increase the tenure of the loan, and your EMI burden comes down. But longer tenures mean payment of larger interest towards the loan and make it more expensive.

Yes, most banks allow you to repay the loan ahead of schedule by making lump sum payments. However, many banks charge early repayment penalties up to 2-3% of the principal amount outstanding. Prepayment penalty may vary according to the reasons and source of funds – if you obtain a loan from another bank for pre-payment the charges are usually higher than when you pay from your own sources. However, you may credit more than your EMI amount into your loan account on a periodic basis and bring down your interest burden as and when funds are available with you. Most banks do not charge a pre-payment penalty if you deposit more than your EMI payable on a periodic basis. Please check such stipulations while availing the loan.

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