NRI Mortgage Loan
Home Loan
Getting a Mortgage Loan from ICICI Bank is quick and easy. Variety of products are available depending on your unique needs such as buying a house, building a house, purchasing property in India, etc. Whatever be your unique need, ICICI Bank has a loan product just for you.
Features and Benefits of Home Loan
Loan repayment tenure
Loan repayment tenure of up to 30 years
Doorstep assistance
Doorstep service in India till doorstep
Approved Projects
Choose from project approved for funding
Interest Rate
Option to avail floating or fixed interest rate
Loan Against Property
ICICI Bank Loan Against Property (LAP) can be availed for your business or personal needs. You can mortgage both residential and commercial property and avail loan with lower EMIs and tenure upto 10 years
Prominent features of ICICI Bank Loan Against Property (LAP)
Fund your business needs
Loan amount up to 5 Crores
Loan Tenure
Low EMI with up to 10 year tenure
Transfer your existing loans
All attractive interest rate
Top up Loans
Planning to redecorate your home or thinking of funding your child’s higher education or simply wanting to take that dream vacation, a top-up loan on your existing Home Loan could be the perfect solution.
Our Top-Up loan offers you a host of benefits:
- Attractive interest rate
- Low EMI
- Tenure up to 20 years
- Simplified documentation
- Quick Processing
NRI Mortgage Loan Eligibility
| Age | Minimum: 21 Years Maximum: 65 Years or retirement age whichever is earlier at the time of maturity of loan. |
|---|---|
| Eligible profiles | Salaried: Minimum 1 year of employment overseas Self-Employed:Minimum 3 years in current business overseas |
| Tenure | Home Loan: 30 Years Home Improvement Loan: 15 Years Land Loan: 20 Years |
| Minimum Income | 42,000 USD |
| Processing Fee | 10,000 INR + AT
|
Interest rate is linked to Repo Rate and vary on Loan amount, Product Type and Profile.
Documents required for NRI Home Loan
| Sr No | Document Type |
|---|---|
1
|
Application form and passport size photographs |
2
|
Identity Proof |
3
|
Overseas and Indian address proof |
4
|
Copy of Valid Passport and Visa Copy |
5
|
Power of attorney |
6
|
Salary Slip for 3 months |
7
|
3 month bank statement |
8
|
Appointment letter/employment contract |
9
|
Credit Report |
Please note these are basic documents required for Sanction. Additional documents may be required on case to case basis.
Disclaimer:
NRI Home loans are not a product or service of ICICI Bank Limited, New York Branch. The products and services are not subject to U.S. laws and are not eligible for or covered by deposit insurance of the Federal Deposit Insurance Corporation ("FDIC"). ICICI Bank Limited ("ICICI Bank"), is incorporated in India and regulated by the Reserve Bank of India ("RBI") and maintains its corporate office in Mumbai, India. The products and services provided by ICICI Bank Limited are subject to product/service specific terms & conditions. The products and services are also subject to RBI rules/regulations, prevailing foreign exchange regulations & other applicable Laws.
ICICI Bank NRI Home loan is a product of ICICI Bank offered under applicable terms and conditions for property purchases in India. Please familiarize yourself with the terms and conditions applicable, available at www.icicibank.com/disclaimer.page. ICICI Bank New York Branch does not process, approve and disburse any loan
ICICI Bank reserves the right to modify/change all or any of the Terms and Conditions governing the products and services. ICICI Bank also reserves the right to discontinue the products and services without assigning any reasons whatsoever. Any references to timelines or service levels are only indicative and should not be construed to refer to any commitment by us or any other service provider.
