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| SBI NRI Home Loan Highlights |
|
| Interest Rate | 8.25% – 9.40% p.a. |
| Loan Amount | Rs 15 lakh onwards |
| Repayment Tenure | Up to 30 years |
| Processing fee | 0.35% of the loan amount (Rs 2,000-Rs 10,000) |
Interest rates as of 17 February 2025
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Table of Contents
SBI NRI Home Loan Interest Rates
| SBI Home Loan Schemes | Interest Rates (p.a.) |
| SBI Home Loan (TL) | 8.25%-9.20% |
| SBI Maxgain Home Loan (OD) | 8.45%-9.40% |
| SBI Top-up Home Loan | 8.55%-11.05% |
| SBI Top-up Home Loan (OD) | 8.75%-9.70% |
| SBI Tribal Plus Home Loan | 8.35%-9.30% |
| SBI YONO Insta Home Top-up | 9.10% |
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SBI NRI Home Loan Processing Fees
| Processing fee | 0.35% of the loan amount (Rs 2,000-Rs 10,000) |
SBI NRI Home Loan Eligibility Criteria
Stated below are the SBI home loan eligibility criteria for NRIs:
- Resident Type: Non-Resident Indians (NRIs) or Persons of Indian Origin (PIOs)
- Minimum Age: 18 years
- Maximum Age: 70 years
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SBI NRI Home Loan Documents Required
List of common documents for all applicants:
- Employer Identity Card
- Attested copy of valid Passport and visa
- Address proof mentioning the current overseas address
- Copy of Continuous Discharge Certificate (CDC)-for applicants employed in the merchant navy
- PIO Card issued by the Government of India (in the 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
- 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
List of 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 the Loan A/c statement for the last 1 year
Income proof for salaried applicant/co-applicant/guarantor:
- Valid work permit
- Employment contract – an English translation duly attested by the 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 a copy of the identity card issued by the current employer
- Duly acknowledged copy of last year’s 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 Eastern countries
- Last six months’ Bank Statement of overseas account in the name of the individual as well as company/unit.