- High priority support for your loan in Delhi, NCR
- Low interest rate from top banks
- Loan for residential, commercial and industrial property
- Apply from aboard with appointing a GPA in India
- No foreclosure, part-payment charge
Banks / NBFCs We Deal With…
*Joy Loan operates as an independent Loan Strategist while structuring funding from India’s premier financial institutions.
We engineer multi-lender frameworks, strategically matching your profile with parallel banking committees to maximize leverage without conflicting files.
Don’t Risk Your NRI Home Loan With Our competitors
Unexperienced competitors can turn your dream in to nightmare. We understand good properties don’t wait. So we provide high priority support for your peaceful adobe back home.
Check few case studies for our NRI, OCI, PIO and Merchant Navy customers
Outstation Based NRI
Yogesh Budhiraja.
- Employment – Salaried
- Place of employment – UAE
- GPA location (father) – Kerala
- Property location – Delhi
Lending Institution – HDFC
NRI – Outstation Property
Gaurav Maheshwari.
- Employment – Salaried
- Place of employment – Panama
- GPA location (mother) – Delhi
- Property location – Lucknow
Lending Institution – HDFC
Self Employed OCI – PIO
Jaishree Gupta.
- Employment – Business
- Place of employment and nationality- Singapore
- GPA location (self) – Delhi
- Property location – Delhi
Lending Institution – HSBC
Merchant Navy Home Loan
Sanjay Tanwar.
- Employment – Contract
- Place of employment – Seafarer
- GPA location (father) – Noida
- Property location – Greater Noida
Lending Institution – Axis Bank
Specialised NRI profiles need expertise that our competitors do not have. Many big loan brokers generate leads online and sell your data to incapable loan agents. Because of this, NRI home loan with our competitors can take double the time. Joy Loan offers you best NRI home loan in India that saves your time and money.
FAQ – NRI, OCI, and Merchant Navy Home Loan in India
How much time after leaving India I can apply NRI home loan?
Minimum after 182 days.
You continue to hold NRI status if you live 365 days aboard in last year 4 years. Out of this, minimum 60 days need to be in the present year.
Otherwise, your application comes under resident Indian
I hold a foreign country passport. Can I apply NRI home loan?
Yes, If you are a person of Indian origin, or if your parents, or your grandparents ever held Indian passport.
After 2015, PIO (Person of Indian origin) are given OCI (Overseas Citizen of India) status.
An OCI needs an OCI card to apply for a home loan in India. You can get an OCI card from Indian embassy in the country of your nationality.
Home loan for merchant navy in India (seafarers)
Yes. For a merchant navy home loan, the bank needs a copy of CDR for the last 3 years.
For which property I can get a loan?
You can get a loan to buy or build any residential, commercial, and industrial property.
Banks do not offer a loan for farm house or agricultural land to nonresident Indians.
NRI home loan eligibility
Eligibility depends on your income and liabilities. Contact us to know your home loan eligibility.
NRI home loan maximum amount
NRI, OCI and merchant navy person can get maximum 25 crores home loan.
Home loan interest rate for NRI in india
Most banks offer the same home loan interest rate to NRI and resident Indians.
Few banks offer a marginally higher interest rate.
Maximum tenure for NRI home loan
15 years or age of retirement.
Documents required for NRI home loan
Documents require for NRI home loan in India depend on profile and employment status.
Please contact us for your personalized checklist
Do I need to come India for applying loan?
No, you can appoint a general power of attorney in India.
He / she can sign all the loan and property registration documents on your behalf.
How to appoint a general power of attorney?
Take the GPA format to an Indian embassy (or Indian consulate, or trade office) of your present country. Also, carry your passport and identity documents. Indian official will put their stamp when you sign GPA in their presence.
On receiving this GPA in India, your attorney needs to sign it. A notary in India can verify his / her signature.
Note:
- Indian embassy and public notary charge for registering such documents
- Every bank has their separate GPA format. Contact us, so we can suggest a right bank for you.
How much time loan approval takes?
After submission of application, approval takes 10 to 14 working days
From which account NRI home loan repayment takes place?
Repayment happens from NRE or NRO account.
You can open a new account if you don’t already have one.
How Joy Loan can help me with my loan?
Our team has high experience with NRI, OCI, and merchant navy home loan in India. Along with this, our team is regularly handle most challenging home loan requirement.
Our competitive edge guarantees you a loan offer better than anywhere else.
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