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Loan Against Property for NRI
Whether you own a residential or commercial property, it is an asset that can be used as collateral against a loan, when you have a financial requirement. Monetary problems pertaining to business expansion/set up in India if any, wedding or medical emergency can strike anytime but it can be settled conveniently if you own a property. You can easily secure a loan by mortgaging your property. The eligibility for Loans Against Property is assessed based on the financials of the customer and the value of the property being offered as a collateral
Loan Against Property for NRI: Feature & Benefits
Steps to Apply Loan Against Property for NRI
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.
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
|
See how easy it is to get a Home Loan! Watch Now
NRI Home Loan FAQ's
Yes. An NRI/OCI individual can apply for Home Loan in India.
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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