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Owning a house is more than a status symbol or pride. It is about sustainability and security. Therefore, Indians emphasise it. The same goes for Non-Resident Indians looking for a way to stay connected. The higher income and the increased currency value present an opportunity to fulfil this dream. However, even a higher revenue is insufficient to invest in a lump sum to buy property.

This is where NRI Home Loans come in handy. The major banks in India offer these loans. They facilitate buying the house by making flexible monthly instalments. The application process for the same is straightforward. Knowing the NRI Home Loan documents required helps in completing the application quickly.

Identity & address proof: This is a primary requirement that is similar among all lenders. Any of these ID cards are sufficient for it. These are also applicable as address proof along with utility bills, etc.

1. Valid Passport copy
2. Driving license
3. Voter ID
4. Aadhar Card
5. Any other government-issued ID

Income statements: It is a must as this is what determines your repayment capacity and financial standing. The Home Loan documents for NRI in this segment differs for salaried and self-employed individuals. It is because both have different income sources and tax return practices. Lenders also evaluate your employment history and feasibility based on these documents. As the acquiring takes time, being prepared months ahead is helpful.

1. Salaried: Ask your employer for these documents in case it is not already issued.

• Six months’ salary slip including annexure of joining, designation, salary, variables, etc.
• Six months domestic NRI bank statement
• Form 16 of last two years or continued employment proof
• Appointment/ promotion/ offer letter
• Updated credit report 

1. Self-employed: Get your business paperwork updated with all these NRI Home Loan documents:

• Two years Income Tax return statement
• Memorandum of Association copy
• Duly audited Balance Sheet & Profit and Loss Statements of last three years
• Current Account statement of past twelve months
• NRI Account statements of past six months

Property papers: This is applicable if you have already finalised the property and have signed the deed with the seller.

1. Title deeds of the property
2. Initial payment receipt
3. Sales agreement copy
4. Blueprints of plot approved by local authorities for under-construction homes

Others: These are some of the additional documents asked by Lenders for a Home Loan for NRI in India. They differ based on bank-specific policies.

1. Visa
2. Business or employment profile
3. Existing loan details
4. Power of Attorney identification and income proof attested by a public notary.

The mentioned list is for guidance. You should also check out the lender-specific requirements for staying fully prepared.