Non Resident Indians (NRI) Housing loan can be used for construction, purchase / repair / renovation / alteration of a house or for purchase of a plot for the construction of a house. Interest rates for NRI Housing loans do not vary much from that of the Indians living in this country.  But the loans will be sanctioned only for a shorter period. NRIs can get 85% of cost of home as loan amount. The amount of loan depends upon the borrower's repayment capacity.