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NRI Commercial Property Purchase Loan

  • Online sanction with minimal documentation

  • Flexible EMI repayment tenure

  • Repo-linked interest rates

  • Dedicated assistance from our US offices

  • Buy commercial property in India (self-use only)

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Disclaimer*: For representation purpose only. Final values may vary subject to bank's policy.

Things you should know

  • Charges and Fees

    Review all fees before taking your Commercial Loan.

    View Fees and Charges

  • Eligibility Requirements

    NRI/OCI can apply for purchasing commercial property in India for self-use

  • Loan Tenure

    Flexible loan tenure of up to 15 years.

  • Connect With Us

    Dedicated assistance from ICICI Bank offices in New York ( +1 646 827 8450), California (+1 408 769 4311),  and Texas (+1 972 480 6851)

About NRI Commercial Property Purchase Loan

What is an NRI Commercial Property Purchase Loan?

An NRI Commercial Property Purchase Loan helps non-resident Indians buy commercial properties in India for self use. It offers easy financing with flexible repayment options.

Benefits of NRI Commercial Property Purchase Loan
  • Easy access to funds for purchasing commercial properties.
  • Flexible repayment tenures.
  • Attractive interest rates for NRIs.
  • Online application process with minimal paperwork.

Can I use the loan for any type of commercial property?

Yes, you can use the loan to purchase office spaces, retail properties in India.

How long is the loan tenure?

The loan tenure can be up to 15 years, depending on your eligibility. Longer tenures provide more flexibility in repayment.

FAQs

Can an NRI/OCI apply for a Commercial Property Purchase Loan in India?

Yes, both NRI and OCI individuals can apply for a Commercial Property Purchase Loan in India.

What are the eligibility criteria for this loan?

The loan is available for NRI/OCI individuals. The applicant must have a valid passport, NRI status proof (work visa/residence permit/OCI card), and the required KYC documents. Specific income and business proof will be needed depending on your employment status (salaried or self-employed).

What is the tenure and repayment option for the loan?

The loan offers flexible tenures of up to 15 years, allowing easy EMIs. You can also avail of a balance transfer facility from an existing loan with another lender.

Can I get a top-up on my existing loan?

Yes, you can avail a top-up loan of over and above your original sanction amount with balance transfer option, allowing you additional funds for your commercial property purchase.

Do I need a ICICI Bank NRE/NRO account for availing the loan?

Yes, NRE/NRO account is mandatory for repayment.

Customers from which countries are required to submit overseas credit report?

An Overseas Credit Report ( not older than 45 days )must be submitted for NRI/OCI customers belonging to USA.

 

 

*T&Cs. ICICI Bank offices in the U.S. does not process, approve and disburse any loans.

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