What are the repayment period options?

If you are an Indian resident, you could avail of a loan for the duration of 5-30 years. Few banks offer a 20-year repayment period, generally at a higher interest rate. As a Non-Resident Indian, you can only avail of a loan for a maximum period of 7 years. The maximum period over which one can pay the loan varies from bank to bank and is also different for every scheme. Your residential status also makes a difference.