A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 2 ICICI NRI Home loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.40% - 8.85% Floating
    0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    3-30 Years
    Response Time Within 30 minutes
    Rs.5,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.35% - 8.80% Floating
    0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    3-30 Years
    Response Time Within 30 minutes
    Rs.5,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

    ICICI NRI Home loan is Rated as "Great!" by 2123 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    ICICI Bank was established in 1994 as ICICI Limited and over the years, it widened the scope of its business to become a diversified financial services group. ICICI is India’s second largest bank when it comes to market capitalization. ICICI bank offers a wide array of comprehensive banking products and services including deposits, credit, life & non-life insurance, asset management and investment banking which caters to the ever-growing needs of Indians and NRIs.

    ICICI NRI home loans are specially designed keeping in mind, the requirements of NRIs. The home loan can be used for varied needs such a building a house and purchasing a property. With guaranteed convenience and fast approval process, ICICI NRI Home Loans will definitely delight the borrowers.

    Home Loan Offers

    ICICI Bank NRI Home Loan Eligibility:

    Eligibility Conditions:
    • The applicant must be at least 21 years of age. The maximum age of application is 60 years or age of retirement, whichever is earlier, at the time of maturity of loan.
    • Salaried applicants should have been abroad for at least 1 year.
    • Self-employed applicants should have spent at least 3 years abroad.
    • Education Criteria:
      • For loan tenures ranging from 11 to 15 years, the applicant should have a minimum educational qualification of Diploma or Graduate, having at least 3 years of employment experience abroad.
      • Applicants with professional qualification should have had at least 1 year work experience abroad.
      Income Criteria:
      CountryTerm is less than or equal to 5 yearsIf the term is 6 and 10 yearsMinimum Income for Self-Employed applicants
      Middle East36,000 dhms48,000 dhmsProfessional72,000 dhms
      Post Graduate96,000 dhms
      USA and Other Countries30,000 USD42,000 USD 42,000 USD
      • For applicants from Merchant Navy, the minimum income criteria for terms less than or equal to 5 years is 20,000 USD and for 6 & 10 year terms, 26,000 USD.
      • Self-employed applicants must be earning at least 48,000 dhms for GCC to apply for loans with tenure less than or equal to 5 years. For 6 & 10 year term loans, they should be earning 2,000 USD if they reside in USA and other countries.

    Documents required for ICICI NRI Home Loans:

    Personal Details Documents:
    • Valid VISA and Passport copies for all applicants
    • Latest passport size photo signed across by each applicant and co-applicant
    • Duly signed document of Power of Attorney, authority letter and company details as per ICICI format
    • Copy of existing overseas residential verification proof (driving license, bank statement etc.) for all applicants
    • Self-attested address proof, copy of PAN card and Form 60 for all applicants
    Financial Details for Salaried Applicants:
    • Copy of all previous appointment letters
    • Copy of salary certificate bearing date of joining, current salary and designation or a copy of the current appointment letter
    • For fixed salary, salary slip for last 3 months and for variable salary, salary slip for the last 4 months.
    • Bank statements mentioning salary credits for the last 6 months
    Financial Documents for Self-Employed Applicants:
    • Copy of incorporation of business
    • In case of partnership firm, a copy of partnership deed and MOA & AOA if the company is a private limited
    • Business profile and address proof for office
    • Bank statements for the last 6 months in company’s and individual’s name
    • Last 2 years CPA compiled or reviewed or audited Profit and Loss (P&L) accounts as applicable, depending on the country of operation.
    Personal Guarantor Documents:

    In case the applicant has chosen a NRI Personal Guarantor, the following documents are to be submitted.

    • Current Income documents, Passport and VISA copies of the NRI Guarantor
    • Current overseas address verification proof pertaining to the NRI Guarantor which can be any of utility bill, insurance premium, driving license or bank statement.

    ICICI NRI Home Loan Rates and Charges:

    A processing fee of 0.5% of the total loan any applicable GST will be levied.

    ICICI Bank NRI Home Loan EMI Calculator:

    To ensure your home loan affordability, you must always ascertain the EMI that you would be paying every month towards the home loan and interest. This will not only help you compare various home loan options but will also help you in finding the right home that fits your budget. Online home loan EMI calculators will help you find the amortization details in an instant. You just have to enter details like the loan amount, tenure in years, interest rate and processing charges. The calculator will automatically project your monthly repayment amount i.e., the EMI and amortization schedule.

    This information will help you plan your finances in advance. You can also keep varying the loan amount and tenure till you arrive at a comfortable EMI.

    Features of ICICI Bank NRI Home Loan:

    Here are some of the benefits offered by ICICI for NRI Home Loans.

    • Competitive interest rates, calculated on a monthly reducing basis
    • Applicants are offered the flexibility to choose from either fixed or floating interest rates
    • Part-payment facility at no extra cost
    • Till loan disbursement, unmatchable doorstep service will be offered.
    • Complimentary personal accident insurance up to outstanding loan amount.

    FAQs about ICICI NRI Home Loans in India:

    1. Can I apply for ICICI NRI Home loan without a co-applicant?

      If there is no co-applicant, an NRI Guarantor is mandatory. The Guarantor must also submit his income proof and proof of address.

    2. How do I make the repayment?

      Through normal banking medium, NRE/NRO accounts or from the rental income that comes from the property, the repayment can be done. Also, according to the RBI regulations, the amount should be paid in Indian Rupees only.

    3. Can I prepay the loan before the end of my tenure?

      Yes, you can make prepayments at no additional cost. Depending on the amount prepaid, the outstanding balance will be reduced. For full prepayment, a pre-closure charge of 2% of the outstanding amount and whatever amount is prepaid during the last 12 months, will be levied as pre-closure charges.

    4. When will the loan be disbursed?

      The housing loan amount will be disbursed after you have submitted all the required legal documents for your property. The property should be legally and technically cleared and you must have settled your own contribution for the purchase. For a property that is still under construction, ICICI will disburse the loan amount as per the state of construction.

    5. Will I be permitted to change between fixed and floating interest rates during the loan tenure?

      Yes. However, you will be charged a nominal fee of 1.75% of the outstanding loan amount, for switching between the interest rates.

      Buying a home is probably the biggest investment any of us would ever make in a lifetime. Ensure that the purchase process is happy and hassle-free with ICICI NRI Home loans. Expert guidance, minimal documentation requirements, flexible tenure options and a quick disbursal will ensure that you realize your dream of owning a home, sooner than you’ve expected.

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  • ICICI NRI Home Loan Reviews

    • ICICI Bank Home Loan
      "Very Pathetic experience with ICICI HOME LOAN Department"
      0.5 0.5/5 "Unacceptable"
      I had a very Pathetic experience with ICICI HOME LOAN Department as their employees not aware of process to be followed for home loan. They did not consider House Government Proofs. They have their own list according to which all property documents should be arranged. No Responsible employee in Kaushambi Ghaziabad branch. ICICI should take care of this. Same property has been loaned from SBI bank and PNBHFL was also ready to provide loan on same property. Very Bad Service from Kaushambi Ghaziabad Team. Take care if you approach this branch.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jul 19, 2017
    • ICICI Bank Home Loan
      "ICICI bank great service"
      0.5 3.0/5 "Satisfactory"
      I really appreciate ICICI bank for there service. There is not following normal bank hours and there are very flexible to customer timing. Instant loan approval is amazing idea through online and able to submit document through online is great
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 10, 2017
    • ICICI Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My home loan was from ICICI Bank and the services from them was excellent. It was a good experience and very much satisfactory. They offered me a decent interest rate 9.25% processing charges was also nominal. In all it was a nice and the after loan is also smooth.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jul 09, 2017
    • ICICI Bank Home Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      To begin with, I received a call from ICICI bank regarding my home loan application but the bank has asked me to submit ITR for the current financial year which I was not holding. Hence I got the dropped plan also the response was on time and I had applied for a loan amount of ten lakhs rupees.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 03, 2017
    • ICICI Bank Home Loan
      "Very Good service"
      0.5 4.0/5 "Great!"
      I got a home loan experience with ICICI bank. I got home loan since in 2004 and I have closed it in 2010. The rate of interest was nominal with ICICI bank. There was fore closure charges which was nominal with ICICI bank. The customer service and the response was good with ICICI bank.
      Was this review helpful? 0
      , madurai
      Reviewed on Jun 29, 2017
    • ICICI Bank Home Loan
      "Need Transparency in the process"
      0.5 3.0/5 "Satisfactory"
      I have got the ICICI bank home loan around 12 years ago. The executive has promised that they will offer the loan with flat interest rate but in documents I found it was a floating interest rate. ICICI need to stick on their promises. The rate of interest is nominal at present. ICICI can still increase the loan amount. I am satisfied with the ICICI bank service.
      Was this review helpful? 1
      , varanasi
      Reviewed on Jun 27, 2017
    • ICICI Bank Home Loan
      "Wonderful "
      0.5 4.0/5 "Great!"
      I got the home loan with the ICICI bank and the interest rate is around 8.35%, also the service aspects are good. I had chosen them because the ICICI bank have strong bond with the builder, so the builder recommends me to deal with the ICICI bank. Response was fine with the ICICI bank and they have delayed the disbursement up to the month of November.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 22, 2017
    • ICICI Bank Home Loan
      "Recommendable Bank"
      0.5 5.0/5 "Blown Away!"
      During the year of 2014, I availed housing loan from ICICI bank. Interest rate is 10.30% now they had reduced it to 9.35%. They disbursed the loan according to my convenience. ICICI is a recommendable bank for the housing loan because they used to send executive and on behalf of the customer they will complete all the formalities. Really they are helpful but the drawback is the interest rate will be 1% higher than the government sector banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 20, 2017
    • ICICI Bank Home Loan
      "Good bank has flexible loan process"
      0.5 5.0/5 "Blown Away!"
      ICICI loan process is very much flexible. I felt ICICI is much better than HDFC Ltd. I could check the loan transaction through netbanking, Interest rate is also quite normal, and it is quite similar to other banks. I had taken the loan amount of Rs.32 lakhs this is for a tenure of 20 years. I am completely fine with the loan process.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 20, 2017
    • ICICI Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Rate of interest is around 11.49 % for the home loan with ICICI bank . I am having this loan from the last eight years of time tenur. Customer service is also a good one with them and the processing charges were very normal with them and its a balance transfer loan from DHCL and that was also smooth process and the EMI is 20k.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 18, 2017
    • ICICI Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am happy with ICICI bank in terms of the housing loan. Recently I had taken this loan from ICICI bank. The loan process was good and there was no issues with the bank during the loan process. The rate of interest was 8.65% which is nominal and all things went good and the tenured is for 25 years and EMI is around 42k loan got disbursed with in 20 days of time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 18, 2017
    • ICICI Bank Home Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I am an existing customer of ICICI, I got the home loan interest rate around 9.75% it is bit high compared to other competitor. The processing fee was also high they have taken more than Rs.7000 from the disbursement, but loan process was good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 16, 2017
    • ICICI Bank Home Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank was excellent in the home loan process. They were very flexible and helpful to me. I got the loan on time also all the documents were also collected on time as they have committed and I also got a good deal on the interest rate and processing charges too.
      Was this review helpful? 2
      , pune
      Reviewed on Jun 16, 2017
    • ICICI Bank Home Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I had been using ICICI Bank services for the home loan and I do not find the portal very convenient for this product. I need to visit the bank for every small thing. If I need a statement, I need to walk up to the branch. The only reason I did not switch over to another bank was because of the huge process. But if this inconvenient service continues I would surely think of moving ahead.
      Was this review helpful? 0
      , delhi
      Reviewed on Jun 15, 2017
    • ICICI Bank Home Loan
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      Whenever rate of interest is reducing ICICI wont give that benefit, still now they didn't give any information related to the reversed interest rate. ICICI should give transparent information to the customer. But loan process was good they have sanctioned 75% of loan on the property value, my disbursement done quickly.
      Was this review helpful? 0
      , faridabad
      Reviewed on Jun 14, 2017
    • ICICI Bank Home Loan
      "Response part should be faster"
      0.5 3.0/5 "Satisfactory"
      I applied for the home loan same time with a different institute . ICICI delayed a lot, meanwhile I got a response from Can fin home limited, they had done fast process when it comes to home loan. But ICICI interest rate is good, they offered me 8.65% of interest but Can fin house limited provided around 8.95% as the interest.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jun 14, 2017
    • ICICI Bank Home Loan
      "Supportive Service"
      0.5 4.0/5 "Great!"
      I am happy with ICICI bank in terms of the housing loan. Recently I had taken this loan from ICICI bank. The loan process was good and there was no issues with the bank during the loan process. The rate of interest was 8.65% which is nominal and all things went good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 13, 2017
    • ICICI Bank Home Loan
      "Need improvement in customer service"
      0.5 2.0/5 "Expected more"
      The ICICI executives didn't gave any kind of response in concern to my home loan application. They gave a call and told that they need to check my eligibility, but after that I didn't got any response from ICICI bank. I would like to suggest the ICICI to give proper response to the customers, because I am waiting for the product status for last 1 month. The rate of interest is nominal with ICICI bank.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 13, 2017
    • ICICI Bank Home Loan
      "Below average service"
      0.5 1.0/5 "Really Bad"
      ICICI bank doesn't had any kind of communication in concern to my home loan application. There was no call back made by ICICI executive . ICICI haven't even gave a call to explain the product. ICICI was not at all coordinating in regards to my home loan application. The rate of interest is nominal with ICICI bank. I would say it was below average service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 13, 2017
    • ICICI Bank Home Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      ICICI offered 8.4% of interest rate for the housing loan. I approached ICICI bank through agency, so they had done with the work instead of me. I received all the services through the agent. Documentation part been over and everything has been submitted to the builder. 80% of the work is over. Things are going good for the home loan. Because of the agency I have done this much of the work so I will give the best rating only for them.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 13, 2017
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