Comprehensive Guide for NRIs, OCIs & Expats
SBI NRI Home Loan 2025 is one of the most trusted financial products for Indians living abroad. This scheme is designed to help NRIs (Non-Resident Indians), OCIs (Overseas Citizens of India), and PIOs (Persons of Indian Origin) invest in residential property in India. Whether you are based in the USA, UK, UAE, Canada, Singapore, or Australia, SBI ensures a smooth loan application process with competitive rates and international support.
Designed for NRIs wanting to buy property in India.
Benefit: Easy processing, wide acceptance.
Step-up EMI structure for young NRIs with growing income.
Benefit: Higher loan eligibility.
For purchasing land in India to construct your future home.
Benefit: Tenure up to 15 years.
Overdraft-linked loan account for flexible repayment.
Benefit: Save on interest by parking surplus funds.
Encourages eco-friendly housing projects with energy certification.
Benefit: 0.10% concession on interest rate.
Additional financing over your existing NRI home loan.
Benefit: Low interest compared to personal loan.
Special scheme for NRIs working in defense or paramilitary.
Benefit: Exclusive rate concessions.
For buying a new house before selling your old one.
Benefit: Short-term funding solution.
For government employees abroad wanting to buy homes in India.
Benefit: Attractive interest concessions.
Designed for NRIs looking to invest in affordable housing projects.
Benefit: Subsidy benefits under PMAY (if eligible).
No, SBI NRI Home Loan is only for purchasing property in India.
Yes, co-applicants can be resident Indians or other NRIs.
You can repay using NRE/NRO accounts or international remittances.
No penalty for prepayment on floating interest rate loans.
Yes, under Indian Income Tax Act Section 80C & 24(b) (subject to eligibility).
This website provides information for general awareness purposes only. It is not financial or investment advice. Loan approvals, eligibility, and interest rates are subject to State Bank of India’s policies, RBI regulations, and applicant’s profile. Readers are advised to consult SBI officials or authorized financial advisors before making loan-related decisions.