NRI Home Loan Eligibility Calculator
See how much an Indian bank may lend you on an overseas salary, the EMI it means in your currency, and how much of the property you need to fund yourself.
Your income abroad
Defaults are ECB reference rates for 28 Sep 2026, rounded. Use today's rate.
After tax and deductions, as on your salary slip.
Car loan, personal loan, mortgage. Not rent.
In India
Many lenders count only part of rent, or none.
For example a spouse or parent who will co-own the property.
Loan and property
Agreement value, excluding stamp duty. Enter 0 to skip.
An illustration. Use the rate your bank quotes.
Lenders' FOIR. Often 40–65%, higher for larger incomes.
Many lenders cap NRI loans at 15–20 years; some go to 30.
Usually 60 for salaried NRIs; up to 65–70 at some lenders.
You may be eligible for
—
EMI
Tenure
How the lender gets there
Income counted a month
Room for a new EMI
Loan your income supports
RBI cap on this property
Your own money needed
To see the full repayment schedule for a loan amount, use the home loan EMI calculator.
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Loan your income supports, by tenure and EMI limit
Same income, EMIs and rate as above, before the RBI cap on the property. Only tenures that end by your end age are shown; the highlighted row is yours.
| Tenure | 40% limit | 50% limit | 60% limit |
|---|
An estimate, not an offer. Each lender sets its own income rules, exchange rate, minimum salary and tenure for NRIs, and checks your credit history and the property's legal title before it lends.
How banks work out NRI home loan eligibility
Lenders run two checks and lend the lower of the two.
1. What your income can repay. The bank converts your overseas take-home pay to rupees and allows a share of it, the fixed obligation to income ratio (FOIR), to go on EMIs. Existing EMIs come off first. What is left is the largest new EMI, and the loan is the amount that EMI repays over the tenure.
Max new EMI = income in ₹ × FOIR − existing EMIs
For example, $6,000 a month at ₹96 is ₹5,76,000. At a 50% limit with no other loans, the EMI can be up to ₹2,88,000, which at 8.75% over 20 years supports a loan of about ₹3.26 crore.
FOIR is the Indian banks’ version of a debt-to-income ratio: all your EMIs, including the new one, as a share of take-home pay. For NRIs it is worked out on net income, not gross. SBI calls it the EMI/NMI ratio, NMI being pay after tax and payroll deductions, and says it ranges from 20% to 70% depending on your income slab. The EMI limit box above is that ratio, applied to your take-home pay, and the table above shows the loan at three different limits.
2. What the property allows. RBI caps the loan as a share of the property value. This often matters more for NRIs, whose incomes can support a large loan.
| Loan amount | Maximum loan-to-value | Your own money, at least |
|---|---|---|
| Up to ₹30 lakh | 90% | 10% |
| Above ₹30 lakh to ₹75 lakh | 80% | 20% |
| Above ₹75 lakh | 75% | 25% |
The property value excludes stamp duty and registration, which you pay from your own funds on top of the down payment.
Tenure and age limits for NRIs
NRI loans often have shorter tenures than resident loans. Some lenders cap them at 15 or 20 years; others allow up to 30. Almost all require the loan to end by a set age, commonly 60 for salaried borrowers and later for the self-employed or at some banks. Your tenure is the shorter of the two, so at 45 with a 60 end age you get 15 years at most, whatever the lender's maximum.
A shorter tenure means a higher EMI for the same loan, which is why the same income supports a smaller loan as you get older. The table above shows the effect.
What counts as income
- Net salary abroad, backed by salary slips, bank statements showing the credits, and your employment contract or tax returns. Many lenders also set a minimum income by country.
- The exchange rate. Lenders convert at their own rate and some apply a margin, so use a slightly lower rate than today's to be safe.
- A co-applicant's income. A resident spouse or parent who co-owns the property can add their income. Some lenders require a resident co-applicant for NRIs.
- Rent in India. Often counted only in part, and only with a registered agreement and bank credits.
- Every EMI you pay, in India and abroad, including car loans and credit card EMIs, reduces what is left for the new loan.
How NRIs repay the loan
The loan is given and repaid in rupees. Under FEMA, EMIs can come from your NRE, NRO or FCNR(B) account, from remittances through banking channels, or from rent on the property. Most NRIs set up a standing instruction on their NRE account and top it up each month. Our NRI home loan guide covers documents, power of attorney, tax benefits and lenders, and NRE vs NRO accounts explains which account to use.
If you plan to move back soon, see loans after returning to India: once you are resident, your Indian salary decides eligibility instead.
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