Can Australia-Based NRIs Get Home Loans in India?
Yes. Australia-based NRIs and PR holders of Indian origin are eligible for NRI home loans from Indian banks and NBFCs. AUD income is accepted for loan eligibility. Blueberry FM facilitates NRI home loans up to ₹10 Crores for Australia NRIs purchasing property in Kerala.
Eligibility Criteria for Australia NRI Home Loans
- Indian passport or OCI card holder
- Age: 21–60 years (at loan maturity)
- Minimum income: AUD 4,000–6,000/month (lender dependent)
- Employment: Salaried (minimum 2 years) or self-employed (minimum 3 years)
- Valid NRE or NRO bank account in India
- Good credit history
Best Banks for Australia NRI Home Loans
- SBI Australia: Branches in Sydney and Melbourne; strong NRI home loan product
- HDFC Bank: Online NRI home loan application; competitive rates
- ICICI Bank: Australia NRI-friendly; online processing
- Federal Bank: Kerala-focused; strong NRI product; competitive rates
- Bank of Baroda Australia: Australian presence; good NRI terms
Documents Required for Australia NRI Home Loan
- Valid Indian passport or OCI card
- Australian visa/PR card or citizenship certificate
- Last 3 months Australian payslips
- Last 2 years Australian tax returns (ATO Notice of Assessment)
- Last 6 months NRE/NRO bank statements
- Last 6 months Australian bank statements
- Property documents
- PAN card
India-Australia DTAA Benefits
Australia NRIs can claim foreign income tax offset for Indian taxes paid on rental income and capital gains. Interest on NRI home loans is deductible against Indian rental income under Section 24(b). Superannuation funds are not recognised as tax-exempt under the India-Australia DTAA.
How to Apply from Australia
Blueberry FM facilitates the entire NRI home loan process remotely from Australia — lender comparison, document submission, and application tracking without travel to India.
NRI Home Loan Kerala | Settle in Kerala from Australia | NRI Loan Eligibility