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Feature & Benefits of NRI Home Loan
*30 years tenure is available for NRI/OCI salaried customer residing in USA, UK, Canada, Singapore or seafarer
STEPS TO APPLY FOR NRI HOME LOAN
Step 1
Fill up your basic & income details
Step 2
Check & accept offer
Step 3
Payment of Processing Fee
Step 4
Upload KYC & income documents.
Step 5
Download provisional sanction letter*
TnC *This is only a provisional offer, in principle approval will only be after loan application is assessed by our credit manager.
NRI Home Loan Eligibility
| Age | Minimum: 21 Years Maximum: 65 Years or retirement age whichever is earlier at the time of maturity of loan. |
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|---|---|---|---|---|---|---|---|---|---|---|
| Eligible profiles | Salaried: Minimum 1 year of employment overseas Self-Employed:Minimum 3 years in current business overseas |
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| Tenure | Home Loan: 30 Years Home Improvement Loan: 15 Years Land Loan: 20 Years |
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| Minimum Income |
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| Interest Rate | To know more Click here
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Documents required for NRI Home Loan
| Sr No | Document Type | Salaried | Self-employed |
|---|---|---|---|
1
|
Duly signed application form with passport size Photograph
(Applicable only if loan is applied in physical mode) |
Y
|
Y
|
2
|
KYC documents :
|
Y
|
Y
|
3
|
Income proof:
|
Y
|
N
|
4
|
Income proof:
|
Y
|
N
|
5
|
Business proof
|
N
|
Y
|
6
|
Overseas Credit Bureau Report
(Must reflect credit score & repayment history of overseas loans & credit card and not older than 45 days ) (Applicable for USA, Canada, UK, Singapore, Hong Kong , Germany, Kuwait , Saudi Arabia , Bahrain , Qatar, UAE, Oman, New Zealand, South Africa, Australia, Ireland) |
Y
|
Y
|
7
|
Additional Document only required for Balance Transfer:
Last 1 Year Bank statement through which EMI is getting debited or statement of loan account |
Y
|
Y
|
NRI Home Loan FAQ's
As an NRI/OCI customer if you are applying through offline mode, you are required to be physically present in India and submit a signed physical application form along with self-attested KYC & income documents.
As an NRI/OCI customer if you are applying through online mode, you are required to upload a scanned copy of the original documents. In ICICI Bank, we have our online digital platform, Express Home Loan (EHL) through which our NRI/OCI salaried customers can apply. You can start the journey as either ‘New to Bank’ customer or ‘Existing customer'. Click here to start your mortgage loan application.
Yes. PIOs can apply for a Home Loan in India.
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