| ICICI NRI Home Loan Highlights | |
| Interest rates | 8.75% p.a. onwards |
| Loan amount | Depends on borrower’s profile |
| Repayment tenure | Up to 30 years |
Note: Interest rates as of 7th November 2024
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Table of Contents
ICICI NRI Home Loan Interest Rates
ICICI Bank has not set any separate interest rates for NRI Home Loans. The interest rates applicable for various ICICI home loan products should be applicable for NRI home loan applicants as well.
ICICI Bank offers home loans at interest rates starting from 8.75% p.a. onwards to its pre-approved customers. Home loan interest rates offered by ICICI Bank for regular home loans are as follows:
Festive Offer Pricing
| CIBIL Score | Salaried | Self-employed |
| >=800 | 9.00% | 9.00% |
| 750-800 | 9.00% | 9.10% |
Also Read: How you can build or rebuild your credit score with Step UP Credit Card Co-branded with SBM Bank India Ltd
Standard Pricing
| Slab | Floating Interest Rates (p.a.) | |
| For Salaried | For Self-employed | |
| Up to Rs. 35 lakh | 9.25%-9.65% | 9.40%-9.80% |
| Rs. 35 lakh to Rs. 75 lakh | 9.50%-9.80% | 9.65%-9.95% |
| Above Rs. 75 lakh | 9.60%-9.90% | 9.75%-10.05% |
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ICICI NRI Home Loan Fees and Charges
ICICI Bank has not set any separate fees and charges for NRI Home Loans. The fees and charges applicable for various ICICI home loan products should be applicable for NRI home loan applicants as well. The fees and charges of ICICI Bank for various home loan products are as follows:
| Processing fee | 0.50% – 2.00% of the loan amount or Rs 1500 (Rs 2000/- for Mumbai, Delhi & Bangalore), whichever is higher + GST |
| Prepayment charges | Floating ROI (Home Loan, Land Loan and Home Improvement Loan): NIL |
| Full repayment on Fixed ROI (GCCHome Loan, Land Loan, Home Improvement Loan & Top Up Home Loan): 2% + taxes on outstanding principal | |
| On full repayment of Top Up on Home Loan for business purpose: 2% + taxes on outstanding principal | |
| Floating ROI for non-business purpose: NIL |
Types of ICICI NRI Home Loan
ICICI Home Loan
Purpose: For purchasing or constructing home properties.
Tenure: Up to 30 years
ICICI Home Improvement Loan
Purpose: For renovating or repairing the house.
Tenure: 15 years
ICICI Land Loan
Purpose: For purchasing land/plot
Tenure: Up to 20 years
ICICI NRI Home Loan Eligibility Criteria
- Minimum age: 21 years
- Maximum age: 65 years or retirement (whichever is earlier at the time of loan maturity)
- Salaried NRIs are required to have minimum 1 year of overseas employment
- Self-employed NRIs are required to be engaged in the current overseas business for at least 3 years
- Minimum income:
| Countries | Merchant Navy | Other than merchant navy |
| GCC (Gulf Cooperation Council) | 26,000 USD | 84,000 AED |
| Other Countries | 26,000 USD | 42,000 USD |
Check your Home Loan Eligibility with other Banks/HFCs Click Here
Also Check: Home Loan EMI Calculator
ICICI NRI Home Loan Documents Required
Common Documents for Salaried and Self-Employed Individuals:
- Duly signed application form as per the bank’s format and passport size photographs
- KYC documents – Identity Proof, Overseas & Indian Address Proof, Signature proof (PAN Card / Form 60 as per our format, Passport etc)
- Residence Proof in India:- Aadhar card/ Passport copy
- Copy of Valid Passport and Visa copy
- For PIO / OCI applicants- PIO or OCI Card & Stamped and notarized declaration as per format with Ration Card/ Passport of parents/grand-parents/ spouse of PIO establishing their Indian citizenship
- Processing fee cheque from NRE/NRO/overseas salary account of the customer.
- Power of Attorney document as per our format duly signed by all the applicants
- Non solicitation declaration as per our format to be signed by the applicants if home loan is applied when customer is in India
Income Documents for Salaried:
- Salary slip for 3 months
- 3 months bank statements
- Appointment letter/employment contract
- Credit Report downloaded (From Transunion / Equifax), Experian or Transunion of all applicants.
Income documents for self-employed:
- 6 months bank statements
- Incorporation certificate, Latest 3 years audited financials with CA certification, IT Returns etc.
- Credit Report downloaded (From Transunion / Equifax), Experian or Transunion of all applicants.
- Office Address Proof & Business Profile
Additional Documents Required for Balance Transfer for Salaried and Self-Employed Individuals:
- Latest 12 months Statement from loan account
- Outstanding principal statement on existing lender’s letterhead
- Original list of documents
- Declaration cum Undertaking of legal documents submitted to existing lender