Home Loan NRI Interest Rates
All rates are benchmarked to the Policy Repo Rate. Current applicable Repo Rate = 6%
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Salaried
Home Loans for Every Budget
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Key Benefits
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Key Features
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Important Notes
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Terms & Conditions
Fees and Charges for NRI Home Loan
| Name of Fee/Charge levied | Amount in Rupees |
|---|---|
| Fees for Resident Housing Loan/ Extension/House Renovation Loan/ Refinance of Housing Loan/Plot Loans for Housing (Salaried, Self-Employed Professionals) | Up to 0.50% of the Loan amount or ₹3,000 whichever is higher applicable taxes statutory levies. Minimum Retention Amount: 50% of applicable fees or ₹3,000 applicable taxes/statutory levies, whichever is higher. |
| Fees for Resident Housing/ Extension/ Renovation/ Refinance/Plot Loans for Self Employed Non-Professionals. | Up to 1.50% of the loan amount or ₹4,500 whichever is higher plus applicable taxes/statutory levies. Minimum Retention Amount: 50% of applicable fees or ₹4,500 applicable taxes/statutory levies, whichever is higher. |
| Fees for NRI Loans | Up to 1.25% of the loan amount or ₹3,000 whichever is higher applicable taxes/statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or ₹3,000 applicable taxes/statutory levies, whichever is higher. |
| Fees for Value Plus Loans | Up to 1.50% of the Loan amount or ₹4,500 whichever is higher applicable taxes/statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or ₹4,500 applicable taxes/statutory levies, whichever is higher. |
| Fees for Loans under HDFC Bank Reach Scheme | Up to 2.00% of the loan amount applicable taxes/statutory levies. Minimum Retention Amount: 50% of applicable fees or ₹3,000 applicable taxes/statutory levies, whichever is higher. |
| Re-appraisal of a loan after 6 months from date of sanction | ₹2,000 applicable taxes/statutory levies. |
| Name of Fee/ Charge levied | Amount in Rupees |
|---|---|
| Switch to Lower Rate in Variable rate Loans (Housing/ Extension/Renovation) | Up to 0.50% of the principal outstanding and undisbursed amount (if any) at the time of conversion or a cap of ₹50,000 plus applicable taxes/statutory levies, whichever is lower. |
| Switching to Variable Rate Loan from Fixed Rate Loan (Housing/Extension/ Renovation) | Up to 0.50% of the principal outstanding and undisbursed amount (if any) at the time of conversion or a cap of ₹50,000, plus applicable taxes/ statutory levies, whichever is lower. |
| Switch from Combination Rate Home Loan Fixed Rate to Variable Rate | 1.75% of the principal outstanding and Undisbursed amount (if any) plus applicable taxes/statutory levies at the time of conversion. |
| Switch to Lower Rate (Plot Loans)- Variable Rate | 0.5% of principal outstanding and undisbursed amount (if any) plus applicable taxes/statutory levies at the time of conversion. |
| Switch to Lower Rate (Loans under HDFC Bank Reach) - Variable Rate | Up to 1.50% of the principal outstanding and undisbursed amount (if any) plus applicable taxes/statutory levies at the time of conversion. |
| Name of Fee/ Charge levied | Amount in Rupees |
|---|---|
| Payment Return Charges | ₹300 Per dishonour. |
| Photocopy of Documents | Up to ₹500, plus applicable taxes/ statutory levies |
| Fees on account of external opinion – such as legal/technical verifications. | As per actuals. |
| List of documents | Up to ₹500, plus applicable taxes/ statutory levies. |
| Repayment Mode Change charges | Up to ₹500, plus applicable taxes/ statutory levies. |
| Name of Fee/ Charge levied | Amount in Rupees |
|---|---|
| A. Adjustable-Rate Loans (ARHL) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Variable Rate of Interest | For loans sanctioned to individual borrowers with or without co-applicants, no prepayment charges shall be payable on account of part or full prepayments made through any sources except when the loan is sanctioned for business purposes*. |
| B. Fixed Rate Loans (“FRHL”) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Fixed Rate of Interest | For all loans sanctioned with or without co-applicants, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes/statutory levies of the amounts being so prepaid on account of part or full prepayments except when part or full prepayment is being made through own sources*. |
Own Sources: *The expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.,
| Name of Fee/Charge levied | Amount in Rupees |
|---|---|
| Custody charges | ₹1000 per month for non-collection of collateral documents beyond 60 days from the date of closure of all loans/facilities linked to the collateral. |
| Name of Fee/ Charge levied | Amount in Rupees |
|---|---|
| Delayed Instalment Payment Charge | A maximum of 18% per annum on overdue instalment amounts. |
| Incidental Charges | Incidental charges and expenses are levied to cover the cost, charges, expense and other monies as per actuals applicable to a case. |
| Stamp Duty/MOD/ MOE/ Registration | As applicable in the respective States. |
| Fees/Charges levied by entities such as CERSAI | As per actual charges/fee levied by Regulatory bodies plus applicable taxes/ statutory levies. |
| Fees/Charges levied by such third parties such as Mortgage Guarantee Company | As per actual fee/charges levied by any third party(ies) plus applicable taxes/ statutory levies. |
Loan Processing Charges*
Maximum of 1% of loan amount (* Minimum PF of ₹7500)
Pre-Payment/ Part Payment Charges
No prepayment charges shall be applicable for part prepayment once during a financial year only if the amount being prepaid does not exceed 25% of the principal amount outstanding at the time of such prepayment.
2.5% plus Goods and Services Tax (GST) of principal outstanding being prepaid or at such rates as decided by the Bank if the amount being prepaid is more than said 25%. Charges shall be applicable on the amount more than said 25%.
Individual Borrowers
No prepayment charges shall be applicable for part payment on floating rate term loan sanctioned for purposes other than business to individual borrowers with or without co-obligant(s).
MSE Borrowers
No prepayment charges shall be applicable for part payment on floating rate loans to Micro and Small Enterprise (MSE) Certified borrowers if loan is closed from Own Source of Funds.
| Floating rate term loan availed by Individual borrowers for Business Purpose | 2.5 % of the Principal Outstanding >60 months after the disbursement of the Loan – NIL Charges |
|---|---|
| Floating rate term loan availed by Individual borrowers for End Use other than Business Purpose | NIL |
| Floating rate term loans availed by Micro, Small Enterprises and Closure from Own Source* | NIL |
| Floating rate term loans availed by Micro, Small Enterprises and Closure Through Takeover by any financial Institutions | 2 % takeover charges of the Principal Outstanding >60 months after the disbursement of the Loan – NIL Charges |
| Floating Rate term loans availed by Non Individual borrowers* | Maximum of 2.5% of the Principal Outstanding >60 months after the disbursement of the Loan – NIL Charges |
| Delayed Instalment payment Charge | A maximum of 18% P. A. on overdue instalment amounts |
| Payment Return Charges | ₹450 |
| Repayment schedule charges* | ₹50 per instance |
| Repayment mode change charges* | ₹500 |
| Custody charges | ₹1000 per month for non-collection of collateral documents beyond 60 days, from date of closure of all loans/facilities linked to the collateral |
| Revision in spread | 0.1% of Principal Outstanding OR ₹5000 whichever is higher Per proposal |
| Legal/Repossession & Incidental charges | At actuals |
| Stamp Duty & other statutory charges | As per applicable laws of the state |
| Conversion charges for Change in Reference rate (BPLR/ Base rate/MCLR to Policy Repo Rate (for existing customers) | NIL |
| Penal Interest for Non-Adherence of ESCROW Account (as per sanction terms and conditions) | 2% p.a. additional on existing ROI (Applicable in LARR cases only) |
| Penal Interest charged for non-complying with sanction terms | 2% per annum additional on existing ROI- (Charged on monthly basis) Subject to a Max of ₹50,000 |
| CERSAI Charges | ₹100 for each property |
| Property Swapping / Partial property Release* | 0.1% of the loan amount Min – ₹10,000 Max of ₹25,000 per property |
| Document Retrieval charges post Disbursement* | ₹75 per document set. (Post disbursement) |
Own Sources: *the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.
The Borrower will be required to submit such documents that HDFC Bank may deem fit & proper to ascertain the source of funds at the time of prepayment of the loan.
The prepayment charges are subject to change as per prevailing policies of HDFC Bank and accordingly may vary from time to time which shall be notified on www.hdfcbank.com.
More About Home Loans for NRI
Home Loans for Non-Resident Indians (NRIs) are tailored financial products designed to help NRIs buy property in India. These loans enable NRIs to invest in real estate in their home country, whether for personal use, as an investment, or for their family's residence.
High Loan Amount: Up to ₹20 crore, depending on eligibility and property value.
Flexible Tenure: Repayment period of up to 20 years.
Competitive Interest Rates: Available at fixed or floating rates.
Flexible Repayment Options: Monthly, quarterly, or half-yearly EMI payments.
Eligibility for Tax Benefits: Deductions on interest paid under Section 24(b) and principal repayment under Section 80C of the Income Tax Act.
NRIs from other locations can enjoy the benefits of HDFC Bank's Home Loans for NRIs, including attractive interest rates, flexible repayment options, and instant disbursal. These loans simplify property investment in India with high loan amounts and a streamlined application process. Additionally, NRIs can benefit from longer tenures and customised solutions tailored to their unique financial situations and requirements.
To apply for an HDFC Bank Home Loan as an NRI from other locations, visit HDFC Bank's official website, fill out the online application form, and upload necessary documents like ID proof, income proof, and specified property details. Alternatively, you can contact HDFC Bank's NRI helpline or visit an HDFC Bank branch when in India.
KYC Documents
PAN Card or Form 60 (if no PAN Card)
Valid Passport
Valid Driving Licence
Election/Voter’s ID
Job Card (NREGA)
Letter from National Population Register
Aadhaar Number (voluntary)
Documents issued by the Government Departments of Foreign Jurisdiction (Like Work/Resident Permit, Social Security Card, Green Card etc.)
Letter issued by the Foreign Embassy or Mission in India
Income Proof
Last 3 months' Salary Slips
Last 6 months' Bank Statements (salary credits)
Latest Form-16 and IT Returns
Income Returns (last 2 Assessment Years, attested by CA)
Last 2 years’ Balance Sheet and Profit & Loss A/c Statements (attested by CA)
Latest Form 26 AS
Property & Other Documents
Copy of Allotment Letter / Buyer Agreement
Title Deeds (including the previous chain in resale cases)
Proof of no encumbrances
| Maximum Funding** | |
| Loans up to and including ₹30 lakh | 90% of the property cost |
| Loans from ₹30.01 lakh to ₹75 lakh | 80% of the property cost |
| Loans above ₹75 lakh | 75% of the property cost |
| ***Subject to the market value of the property and repayment capacity of the customer, as assessed by HDFC Bank Ltd. | |
| Rates Offered to Customer (Past Quarter) | ||||||
|---|---|---|---|---|---|---|
| Segment | IRR | APR | ||||
| Min | Max | Avg. | Min | Max | Avg. | |
| HOUSING | 8.35 | 12.5 | 8.77 | 8.35 | 12.5 | 8.77 |
| NON - HOUSING* | 8.4 | 13.3 | 9.85 | 8.4 | 13.3 | 9.85 |
| *NON - HOUSING = LAP(EQUITY), NON-RESIDENTIAL PREMISES LOAN & INSURANCE PREMIUM FUNDING | ||||||
Tranche Based EMI
If you purchase an under-construction property, you are generally required to service only the interest on the loan amount drawn till the final disbursement of the loan and pay EMIs thereafter. In case you wish to start principal repayment immediately you may opt to tranche the loan and start paying EMIs on the cumulative amounts disbursed.
Frequently Asked Question
Interest on an NRI Home Loan is usually calculated using the formula
(P *R (1R)^N / [(1R)^N-1])
Here, (P) is the principal loan amount, (R) is the monthly interest rate, and (N) is the loan tenure in months. The interest rate is determined per month based on the annual rate divided by 12.
Yes, NRIs are eligible for Home Loans offered by HDFC Bank.
An NRI can get a Housing Loan up to 90% of the property value, with a maximum repayment term of 20 years. The loan amount is based on the property’s cost and the customer’s repayment capacity.