Finance A checklist for NRIs seeking home loans in India Updated : May 21, 2019 12:30 PM IST Most banks determine the loan amount eligibility of NRI borrowers based on their income and credit history. Any NRI can apply for a home loan in India as long as he/she is capable of repaying the loan and meets the eligibility requirements. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.