ICICI NRI Home Loans – Interest Rates 2024, Documents, Apply

ICICI Bank NRI Home Loan – Check Documents, EMI, Interest Rates, Eligibility online. Want to buy or build a new home? Purchase land? Whatever be your unique need, ICICI Bank NRI home loan schemes fulfill all your needs. Check out details on Interest rates, documents, eligibility, EMI & other fees & charges through Deal4loans.

Benefits of ICICI NRI home loans:

• Check Latest ICICI Bank Home Loan Rates
• fixed and floating interest rates as per your choice
• Part–prepayment facility for zero fees.
• Free personal accident insurance to the extent of loan outstanding.

Eligibility Required for NRI home loans in India:

Age: must be minimum 21 years old and maximum is 60 years or retirement age

Residential status

• If salaried applicant, you should have been abroad for a minimum period of 1 year.
• If self-employed applicant, you should have been abroad for a minimum period of 3 years.

Income:

• * Tenor between 11–15 years, minimum qualification to be Diploma/ Graduate with minimum 3 years of employment abroad or professional qualification with 1 year of employment abroad.
• Minimum Income Per Annum break up is as follows:

Amount mentioned above or equivalent.

Processing Fee : 0.5% of the loan amount + applicable Service Tax & Surcharge

List of Documents required for nri home loans under ICICI Bank:

Personal details documents

• 1 passport size latest photograph of each applicant (applicant & co-applicant) with signature across
• Valid passport copies for all the applicants
• Valid visa copies for all the applicants
• Cheque / Draft in INR for fees (as per applicable rate) and the date must be in dd/mm/yyyy format*
• Power of Attorney document as per our format duly signed by all the applicants
• Authority letter duly signed by all the applicants as per our specified format
• Copy of current overseas residential verification proof of all the applicants to the loan. (Driving license or bank statement showing overseas address or latest insurance premium receipt or utility bill)
• Copy of PAN Card for the Ist applicant OR Form 60 as per our format attached here with
• Self attested address proof of all applicants

Financial details documents: for salaried individuals

• Copy of current appointment letter OR Copy of salary certificate clearly mentioning the date of joining, current salary earned and designation held in the company
• Copy of previous appointment letters
• Last 3 months salary slip for fixed salary and last 4 months for variable salary
• Last 6 months bank statements clearly mentioning salary credits in the account

Financial details documents: for self employed individuals

Copy of

• Incorporation of business
• Income Proof –
  • Middle East: Last 2 years audited/C.A certified P&L accounts.
  • US & Canada: Last 2 years CPA compiled/reviewed/audited P&L accounts.
  • Others: Last 2 years C.A or equivalent certified/audited P&L accounts.
• Partnership deed (incase of a partnership firm)
• MOA & AOA of the company (incase of a private ltd. company)
• Last 6 months bank statements in the company’s name
• Last 6 months bank statements in individual’s name
• Business profile and office address proof

NRI Personal Guarantor documents

If you have opted for a NRI Personal Guarantor on your loan, arrange to send the following documents

• Passport & visa copies of the NRI Guarantor
• Current overseas address verification proof of the NRI Guarantor. (Driving license or bank statement showing overseas address or latest insurance premium receipt or utility bill)
• Current income documents of guarantor