Can Canada-Based NRIs Get Home Loans in India?
Yes. Canada-based NRIs are fully eligible for NRI home loans from Indian banks and NBFCs. CAD (Canadian Dollar) income is accepted for loan eligibility assessment. Blueberry FM facilitates NRI home loans up to ₹10 Crores for Canada NRIs purchasing property in Kerala.
Eligibility Criteria for Canada NRI Home Loans
- Indian passport or OCI card holder
- Age: 21–60 years (at loan maturity)
- Minimum income: CAD 3,000–5,000/month (lender dependent)
- Employment: Salaried (minimum 2 years) or self-employed (minimum 3 years)
- Good credit history (Canadian credit score considered by some lenders)
- Valid NRE or NRO bank account in India
Best Banks for Canada NRI Home Loans
- SBI (State Bank of India): Largest NRI home loan lender; branches in Canada; competitive rates
- HDFC Bank: Strong NRI home loan product; online application available
- ICICI Bank: Canada NRI-friendly; online processing; good customer service
- Federal Bank: Kerala-headquartered; strong NRI focus; competitive rates
- Axis Bank: Good NRI home loan product; online application
Documents Required for Canada NRI Home Loan
- Valid Indian passport or OCI card
- Canadian work permit or PR card or citizenship certificate
- Last 3 months Canadian pay stubs
- Last 2 years Canadian T4 slips (tax assessment)
- Last 6 months NRE/NRO bank statements
- Last 6 months Canadian bank statements
- Property documents (sale agreement, title deed)
- PAN card
DTAA India-Canada Benefits for Home Loan Borrowers
Canada NRIs with rental income from Indian property can claim DTAA relief to avoid double taxation. Interest paid on NRI home loans is deductible against rental income in India under Section 24(b).
How to Apply from Canada
Blueberry FM facilitates the entire NRI home loan process remotely — document submission, lender comparison, and application tracking — without requiring you to travel to India.
NRI Home Loan Kerala | Settle in Kerala from Canada | NRI Loan Eligibility