State Bank of India introduces home loan schemes for NRIs and PIOs, which offer greater flexibility in repayment options. For diferent age groups, the bank has set different period of repayment provided that liquidation of loan amount is achieved before the age of retirement or the age of 60 years, whichever comes earlier.
SBI Home Loans for NRI has 25 years of repayment period for the borrowers aged upto 35 years, whereas for borrowers aged between 35 and 45 years, the period of repayment is 20 years. Borrowers avove 45 years of age must repay the loan amount in 15 years.
As far as the mode of repayment is concerned, customers are given wide alternatives. Apart from normal banking channels, the borrowers can repay loan through NRE/FCNR/NRO accounts or through local funds by close relatives. | 
