Living in Canada on a Work Permit, Express Entry PR, or Citizenship? Invest in your dream home in India. Compare top banks, check eligibility in minutes, and get in-principle approval in 72 hours — all from Canada.
Dedicated NRI experts who understand the unique challenges of applying for an Indian home loan from Canada.
Our advisors understand all Canada residency profiles — Work Permit (LMIA / Open), Express Entry PR, Provincial Nominee Program (PNP), Canadian Citizen of Indian Origin, and OCI — ensuring your loan application is perfectly structured for Indian banks.
Full guidance on FEMA regulations, NRE/NRO account requirements, and RBI guidelines so you face zero legal complications — whether you are in Toronto, Vancouver, Calgary, or Brampton.
With our pre-verified NRI application process, get a confirmed in-principle sanction letter within 72 hours — without travelling to India.
We help you link your NRE/NRO account for seamless monthly EMI repayment directly from Canada — 100% FEMA compliant and hassle-free.
We guide you through preparing and notarizing your Specific Power of Attorney at the High Commission of India in Ottawa or the Indian Consulates in Toronto and Vancouver.
One point of contact throughout your journey — from document collection to loan disbursement and beyond.
Enter your Canadian dollar salary and find out the exact loan amount you can get from top Indian banks — SBI, HDFC, ICICI, Axis Bank, and Kotak Mahindra Bank.
WhatsApp or call our Canada NRI experts. Share your Canadian dollar salary, residency status, and property requirement. Get eligibility confirmed within 24 hours.
Share all documents digitally via WhatsApp or our secure portal. No physical paperwork needs to be couriered to India.
We apply to the most suitable Indian bank for your CAD income and NRI profile. Get in-principle approval typically within 72 hours.
Bank's legal panel verifies property documents in India. Our team coordinates property valuation and registry paperwork entirely on your behalf.
Loan amount directly credited to builder or seller. EMI starts from your linked NRE/NRO account. Move into your dream home.
Yes. Non-Resident Indians residing in Canada — whether on a Work Permit, Express Entry Permanent Residency (PR), Provincial Nominee Program (PNP), or Canadian Citizenship of Indian origin — can freely purchase residential and commercial property in India. Under the Foreign Exchange Management Act (FEMA), no special RBI permission is required for residential or commercial property purchases.
However, NRIs cannot purchase agricultural land, farmhouses, or plantation properties in India regardless of their country of residence.
Funding the purchase through an Indian home loan is fully permitted. EMI repayment must be made through your NRE or NRO account via proper banking channels — direct transfers from Canadian bank accounts to Indian sellers or cash brought to India cannot be used for loan repayment.
⚠️ Important: As per RBI and FEMA guidelines, all NRI home loan EMI repayments must be routed only through NRE / NRO / FCNR accounts or via direct inward remittances from your overseas bank account through banking channels. Cash or traveller’s cheques brought from Canada to India cannot be used.
NRI home loan interest rates from major Indian banks currently range between 8.50% and 9.75% per annum for Canada-based applicants. Rates depend on several factors:
We currently negotiate the most competitive rates starting at 8.50% p.a. for Canada NRIs — across SBI, HDFC, ICICI, Axis Bank, and Kotak Mahindra Bank — using our established bulk NRI business partnerships with these lenders.
Both NRE and NRO accounts can be used for NRI home loan repayment. Key differences:
We assist you in opening the correct NRE account and setting up automatic EMI deductions — ensuring your repayment is seamless from Canada.
Indian banks convert your Canadian dollar gross salary to INR at the prevailing RBI exchange rate and apply a standard income multiplier.
As of 2026 (approx. 1 CAD = ₹62):
Banks typically finance 75–85% of the property value. Actual eligibility also depends on your age, existing loan obligations, credit profile, and employer type.
Since you are based in Canada, you will need a Power of Attorney (PoA) to authorise a trusted representative in India — a parent, spouse, or sibling — to execute property and home loan documents on your behalf. A Specific Power of Attorney is strongly recommended over a General PoA, as it limits authority strictly to tasks related to your home loan and property transaction.
The PoA must be:
We provide ready-to-use Specific PoA formats and templates — you only need to get the document attested at the nearest Indian diplomatic mission in Canada.
Canada NRIs who file income tax returns in India can claim tax deductions on their Indian home loan:
Note: India and Canada have a Double Taxation Avoidance Agreement (DTAA), which helps avoid being taxed twice on the same income. Consult a cross-border tax advisor for personalized guidance.
Yes. Work Permit holders (LMIA-based or Open Work Permit) are eligible for NRI home loans from major Indian banks, provided you have a valid Work Permit, a minimum monthly income of CAD 4,000, a Canadian credit report (Equifax/TransUnion), and at least 2 years of total work experience. Banks like SBI, HDFC, and ICICI actively service Canada-based NRI applicants.
No. The complete process — application, document submission, and in-principle approval — can be done online from Canada. Final disbursement can also be executed through a Power of Attorney attested at the Indian High Commission or Consulate in Canada. You do not need to visit India.
Yes, most major Indian banks including ICICI, SBI, and HDFC require an overseas credit bureau report for Canada-based NRIs. A report from Equifax Canada or TransUnion Canada — not older than 45 days — is the accepted document. A credit score of 680 or above is generally preferred.
There is no fixed upper limit. Loan amounts typically range from ₹20 Lakh to ₹15 Crore, depending on your Canadian income, credit profile, and property value. Banks usually finance 75–85% of the property value — the remaining amount must be arranged as a down payment.
Yes. Canada Permanent Residents (PR) of Indian origin are fully eligible for NRI home loans. PR holders are treated the same as Work Permit holders by Indian banks for home loan purposes, provided they hold a valid Indian Passport or OCI card.
Tell us about your requirement and a dedicated Canada NRI expert will get back to you within 2 business hours. Consultation is 100% free.
