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Welcome to ICICI Bank's new Website! Simplified banking with easier Navigation

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BEST FOR

Choosing the ideal Home Loan plan

  • For NRIs to buy residential property in India

  • Renovate or expand your home

  • Choose from vast database of residential projects approved for Home Loan

  • Apply online from anywhere in the world

  • Disbursement without visiting India through Power of Attorney

About The Product

Features of NRI Home Loans

Instant Online Approval: Apply online and get instant provisional sanction in five steps with the Express Home Loan platform. *T&Cs

Flexible Loan Tenure: Choose a tenure of up to 30 years for Home Loans, ensuring affordable monthly EMIs.

Diverse Loan Options: Get financing for new property purchases or land for construction of house

Attractive Interest Rates: Benefit from repo-linked interest rates, ensuring transparency and cost-effectiveness.

Convenient Documentation: Upload your documents online for hassle-free processing, reducing paperwork and wait times.

Eligibility Checklist
Criteria Details

Age

Minimum: 21 Years

Maximum: 65 years or retirement age at loan maturity

Eligible Profiles

Salaried: Minimum 1 year of employment overseas

Self-Employed: Minimum 3 years in current business overseas

Minimum Income

Country/Employment Type
 

Merchant Navy – USD 24,000 per annum
GCC – AED 84,000 per annum
US and other – USD 42,000 per annum

Document Checklist

Document Type

Salaried 

Self-employed

Application form with passport-size photo 

Y

Y 

KYC documents:

- Identity: Passport 

- NRI status proof: Visa/ Residence Permit/ OCI card

- Communication Address Proof (either Indian or overseas) 

- PAN (For NRI: PAN is mandatory, For OCI: either PAN or Form 60)

Y 

Y

Income proof: Latest 1 month salary slips or certificate 

Y

N 

Income proof: Latest 3 month overseas bank statements with salary credit

Y 

N

Business proof: 

- 2 years audited P&L, IT returns

- Business Incorporation documents 

- Latest 6 months overseas operative bank account

- Office Address, Directors list 

- List of director and shareholding pattern (if customer is director in his own company)

N 

Y

FAQs 

Can NRIs and OCIs apply for an ICICI Bank Home Loan?

Yes, NRIs, OCIs, and PIOs can apply for Home Loans to buy, construct, or renovate a home in India.

What is the maximum tenure for an NRI Home Loan?

The maximum tenure is upto 30 years for Home Loans, 15 years for Home Improvement Loans, and 20 years for Land Loans.

Can I get my loan sanctioned without visiting India?

Yes, you can apply online and receive provisional sanction. For final disbursement, a POA can be executed overseas.

What documents are required for salaried NRIs?

You will need a passport, visa, address proof, income proof (salary slips, bank statements), and an overseas credit report if applicable.

Is there a prepayment charge for NRI Home Loans?

No prepayment charges apply for floating interest rate loans.

Can an NRI or Resident Indian be a co-applicant for an NRI Home Loan?

Yes, both NRIs and Resident Indians can be co-applicants.

Is PAN card mandatory for NRI/OCI?

For NRIs, PAN is mandatory. For OCIs, either PAN or Form-60.

Is Aadhaar mandatory for NRI/OCI?

No, Aadhaar is not mandatory, but it can be used as address proof if available.

How do I calculate my eligibility for a Home Loan as an NRI/OCI?

You can use the eligibility calculator for precise information.

Do I need an NRE/NRO account?

NRE/NRO account is required 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, UK, Hong Kong, Singapore, UAE, Australia, New Zealand, Canada, Bahrain, Qatar, Kuwait, Malaysia, Saudi Arabia, Ireland, South Africa, Oman. For other countries, it is not mandatory.

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Disclaimer

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