What is ICICI Bank NRI Home Loan Interest Rate?

With the help of an ICICI Bank NRI Home Loan, non-resident Indians (NRIs) can buy property or construct their own home in India. This strategy makes quick house loan disbursement and hassle-free documentation possible. Among the major advantages of this financing plan are its competitive interest rates and zero part-payment penalties. Let me tell you the ICICI Bank NRI home loan interest rate starts at 9.00% p.a. Read on to know more.

What is the ICICI Home Loan Interest Rate for NRI?

ICICI Bank offers competitive home loan options for Non-Resident Indians (NRIs), with interest rates starting at 9.00% to 10.05% per annum. It completely depends on factors like the applicant's profile, loan amount, and credit score. These loans are designed for purposes such as purchasing, constructing, or renovating a property in India.

• The loan tenure is up to 30 years, offering flexibility in repayment.

• NRIs between 18-60 years with a good credit score can apply. Salaried applicants must have lived abroad for at least a year, while self-employed individuals need a minimum of three years.

• The sanctioned amount depends on the borrower’s income, credibility, and property value.

• If the loan slab falls up to Rs 35 lakhs, the interest rates range from 9.25% to 9.80%.

• If the loan slab falls between Rs 35 lakhs to Rs 75 lakhs, the interest rates range from 9.50% to 9.95%.

• If the loan slab falls above Rs 75 lakhs, the interest rates range from 9.60% to 10.05%.

• The processing fees is

  typically 0.50% of the loan amount plus applicable taxes.

Repayment can be managed conveniently through NRE/NRO accounts, and there is flexibility to choose between fixed and floating interest rates. I hope this helps you understand the ICICI home loan interest rate NRI.

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The ICICI Bank NRI home loan interest rate is 8.75% p.a.  A customer who is an OCI or NRI may choose a fixed or variable interest rate. Additionally, a mix of fixed at the beginning and floating at the end can also be used. 

What is the ICICI Home Loan Interest Rate for NRI?

ICICI home loan interest rate NRI is dynamic. Based on the customer’s profile, credit score, loan slab, applicants can avail these below-given rates of interest;

• Special home loan rates:

The Special Home Loan Interest Rates offered by ICICI Bank are based on your credit score. These rates play a major role in determining the interest rate that will apply to your home loan, guaranteeing transparent and customised lending.

• Standard Home Loan Interest Rate:

The Standard Home Loan Interest Rates offered by ICICI Bank guarantee that you will get the best possible rates, tailored to your specific borrowing requirements. 

Now these above given rates are linked to repo rates and may vary depending on the bureau score, profile, segments, etc.

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