NRI Home Loan Eligibility Calculator

How a lender sizes your loan

An Indian bank does not start from the property price; it starts from your income. It takes the share of your monthly income it is willing to see spent on EMIs, the FOIR, subtracts what you already pay on other loans, and whatever is left is the EMI it will lend against. Run that affordable EMI backwards through the interest rate and tenure and you get the loan amount, the same EMI maths as our EMI calculator, in reverse.

Because you are paid abroad, the calculator takes your income in your own currency and converts it at today's rate; the loan and EMIs, though, are in rupees. That currency split matters over time, and the currency impact calculator shows why. A rupee loan can actually work in your favour as a partial hedge: if the rupee weakens, your debt shrinks measured in the currency you earn.

Eligible loan is not the same as budget

The number most people miss is the gap between the loan and the price. Banks lend only up to a loan-to-value ceiling, usually 75 to 90 percent, so the rest is your down payment. The tool turns your eligible loan into the property price it supports at your LTV and shows the cash contribution that implies, so you are planning for the whole purchase, not just the borrowed part. Add stamp duty and registration on top of that.

What NRIs specifically need to clear

Eligibility on paper is only half of it. NRI home loans usually ask for a passport and valid visa, overseas salary slips and bank statements, NRE or NRO account statements, an employment contract, and very often a Power of Attorney holder in India to sign on your behalf. Tenures are frequently shorter than a resident's and capped by your age at maturity. Our NRI home loan guide walks through the documents, the account setup, and how repayment from an NRE or NRO account works.

What foreign income supports what loan

To make it concrete, here is roughly what different monthly incomes translate into on typical assumptions: a 50% FOIR, no other EMIs, an 8.75% loan over 20 years, and an 80% loan-to-value. Income here is your net monthly pay converted to rupees.

Illustrative, on a 50% FOIR with no existing EMIs, 8.75% over 20 years and 80% LTV. Verified July 2026. A lower FOIR, a shorter tenure or any existing loan all reduce these figures.

Two levers move these numbers the most. A higher FOIR (lenders allow a bigger share to higher earners) lifts every row, while a shorter tenure or any existing EMI pulls them down. That is why two NRIs on the same salary can be offered very different loans, and why it pays to enter your real obligations rather than an income-only guess.

Not sure a purchase beats renting where you're looking? Run the rent vs buy calculator first, and check likely returns with the rental yield calculator.