How can NRIs make property payments in India?
Through:
- NRE account → Repatriable funds (can be sent back abroad)
- NRO account → Non-repatriable funds (local earnings like rent)
- FCNR deposits → Fixed foreign currency accounts
Are payments allowed in foreign currency or cash?
No. All transactions must be in Indian rupees, routed through Indian banking channels.
Can NRIs get home loans in India?
Yes. Indian banks and housing finance companies provide NRI loans. Loan repayment must be through NRE/NRO/FCNR accounts.
What is the maximum loan tenure for NRIs?
Generally 10–20 years, depending on age, income, and bank policy.