Andhra Bank
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Toll Free Number : 1800 425 1515

Housing Loans to NRIs
  • Minimum service of one year abroad.
  • Non-resident Indians and persons of Indian origin individually or jointly with resident close relatives.
  • Installment shall be paid by remittance from outside India or out of funds in his NRE, FCNR accounts or out of rental income.
  • Applicant has to submit copy of Passport, VISA, Work permit, Agreement with present employer.
  • Issuance of Power of Attorney:
    Abroad: The PA should be attested by Indian Consulate/High Commissioner and registered in India within three months.
    India: The PA should be registered.
    The PA should be specific PA to execute the documents and to execute Debt Acknowledgement.
  • All other guidelines as applicable to general housing scheme.
  • Purpose: for purchase or construction ,repairs/renovation of house/flat.
  NRI - Dubai
Person(s) residing in DUBAI, UAE, Sharjah, either individually or jointly with
Resident close relative.

NRI a/cs holders and valued constituents with a minimum of one year abroad service.

Investment in immovable property in India by NRI is subject to FEMA guidelines.
  Documents to be submitted:
1. Application
2. Property Statements of the Applicant/Co-Obligant.
3 .Location (Sketch of the proposed house/flat
4 .Minimum 12 Post Dated Cheques

Maximum : 360 months.
Gestation: 30 months.

Depending on the age of house/flat
Upto 5 years – Rs.10.00 lakhs
5 to 25 year – Rs.15.00 lakhs
Margin 25 %
  Margin and Rate of Interest:
Minimum Margin
 Rate of interest (Women)Rate of interest (Others)
Up to 30 lakhs
RLLR + 0.05% RLLR + 0.10 %
Above 30 lakhs and up to 75 lakhs
RLLR + 0.05%RLLR + 0.10 %
Above 75 lakhs
RLLR + 0.15% RLLR+ 0.20 %
Home loans repairs /Modifications
RLLR + 1.20%RLLR+ 1.20 % 
A premium of 0.10% will be added to the card rate for Loan upto Rs.30.00 lacs if LTV ratio is >80% & <=90%.