What is the SBI NRI Home Loan Interest Rate?

State Bank of India (SBI) offers competitive interest rates for NRI Home Loans, structured around the External Benchmark Lending Rate (EBLR). As I earlier said, the SBI NRI home loan interest rate starts at 8.50%.

• Under this framework, standard home loan interest rates range from 7.50% to 8.70% p.a., varying according to the borrower's CIBIL score, loan amount, and other eligibility criteria.

• This means NRIs applying for a home loan can expect interest rates starting from 7.50%, rising to 8.70% depending on their credit profile and the terms offered by SBI.

• Because all SBI home loans, including NRI variants, are tied to the EBLR, changes in SBI’s benchmark directly influence the interest rates offered to borrowers.

These rates apply not only to traditional term loans but also to related products like Home Loan Maxgain (OD), Top-Up Loans, and Loans Against Property (P-LAP), each carrying slightly different rate bands. For instance, Maxgain interest ranges from 7.75% to 8.95%, while P-LAP may range from 9.20% to 10.75%.

This is all about the SBI housing loan interest rate for NRI.

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The SBI housing loan interest rate for NRI typically starts from 8.50% per annum onwards. However, this might vary depending on factors such as the loan amount, repayment tenure, and whether the applicant is salaried or self-employed. This rate applies to loans for purchasing, constructing, or renovating residential property in India. For women applicants, there may be slightly lower rates as part of SBI's incentives​.

Now that you all know the SBI NRI home loan rates, let us focus on the key features:

• Loan Tenure: Up to 30 years, but typically shorter for NRIs compared to resident Indians.

• Loan-to-Value Ratio: Up to 80-85% of the property’s value.

• Processing Fee: 50% off the card rate. 100% waiver under certain circumstances.

• EMI Payments: Must be made from an NRE or NRO account​

Also, the minimum and maximum age limit is from 18 to 70 years, and the minimum loan amount is Rs. 15 Lakhs. This is all about SBI housing loan interest rate for NRI.

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I have taken an NRI home loan myself, so I can tell you about SBI housing loan interest rate for NRI. Financially speaking, I think as an NRI it makes more sense to use a home loan to buy a property, especially if you can invest your own money elsewhere and earn higher returns. Let me elaborate ahead.

What is SBI Home Loan Interest for NRI?

Now that you know SBI NRI loan interest rate, let me also tell you a few key features of SBI NRI loan which stands out for me.

• SBI NRI home loans have low-interest rates and low processing fees which makes it affordable

• There are also no hidden charges

• Additionally, there is no pre payment penalty which is a great plus point

• The interest on NRI home loans is charged on daily reducing balance

• The repayment tenure lasts up to 30 years

• In SBI the NRI home loan is also available as overdraft

• And, there is interest concession for women borrowers as well.

I hope I was able to answer your question and help you.

Non-Resident Indians (NRIs) who want to invest in residential real estate in India can apply for home loans from SBI. To meet the particular requirement of NRIs, this loan provides competitive interest rates, extended repayment terms, and easy options for loan disbursement and repayment. The SBI NRI Home Loan Interest Rate usually starts at 8.40%. Depending on the loan amount and term, it may change. Read on to get the latest interest rates.

What is the SBI NRI Housing Loan Interest Rates?

You can go through the below table to know the latest interest rates on NRI home loan. These are determined using a floating rate system, which implies that they could change depending on the state of the market. 

With these competitive interest rates, NRIs can finally realise their dream of owning a home in India. The processing fee is equal to 0.35% of the loan amount along with applicable GST; the maximum amount is Rs. 10,000 as well as relevant GST, and the minimum amount is Rs. 2,000. 

As an NRI, you can view the eligibility by visiting the

link. I hope you get an idea of SBI NRI home loan rates. ?

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