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Mortgage property for funds

  • Attractive interest rates

  • Loans up to 15 years

  • Flexible end use (*T&Cs)

  • Quick online sanction

  • Funds against Residential or Commercial property

  • Funds are disbursed only into an NRO Account

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Loan Amount

Interest Rate

Duration

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

Things you should know

  • Fees

    Processing fee - Up to 2% of Loan Amount.

    View Fees and Charges

  • Eligibility Requirements

    NRI/OCI who own residential or commercial property in India

  • 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 LAP for NRIs

What is a Loan Against Property (LAP) for NRIs?

LAP allows NRIs to avail of a loan by mortgaging their residential or commercial property.

What are the key benefits of LAP for NRIs?

It offers flexible loan amounts, attractive interest rates, and repayment options, using property as collateral.

Which properties can be mortgaged for LAP?

Residential and commercial properties owned by the NRI can be used as collateral. Agricultural property cannot be used.

How is the loan amount determined for LAP?

The loan amount is based on the property value and the financial profile of the borrower.

FAQs

Is PAN mandatory for NRI/OCI applicants?  

Yes, PAN is mandatory for NRIs. For OCIs, either PAN or Form 60 can be accepted.

Is Aadhaar mandatory for NRI/OCI applicants?

No, Aadhaar is not mandatory, but it can be submitted as proof of Indian address.

How Loan Against Property is disbursed?

Loan Against Property is disbursed only in NRO account.

What is the difference between applying online and offline for an NRI Mortgage Loan?

Offline: You can visit our Branches in India and apply by submitting required documents

Online: Upload scanned copies through ICICI Bank Express Home Loan (EHL) platform. Salaried NRI/OCI customers can apply as a ‘New to Bank' customer or an ‘Existing customer’. Click here to start your Mortgage Loan application.

How do I apply for a Mortgage Loan as an NRI/OCI?

Salaried NRIs/OCIs can apply online through Express Home Loan. Click here to begin.

If property is jointly owned, who all need to be a part of loan deal?

All co-owners of the property must be present on the loan structure.

 

 

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

Disclaimer

PROCEED