ICICI bank provides wide variety of home loans. They provide variety of loans in order to meet people’s need. Different people have different interest and needs. So, different people can choose different type of loan according to their requirement. ICICI bank NRI loans are famous. This bank provides many services to NRI’s. ICICI bank NRI services are listed here.
Part-prepayment facility for zero fees.
Door step service in India till disbursement.
Free personal accident insurance to the extent of loan outstanding.
Facility for Online application for India Home Loans.
Online tracking of the status of your India Home loan application.
Attractive interest rates on a monthly reducing basis.
Option of choosing from fixed and floating interest rates.
These are the various benefits provided by this bank. ICICI bank NRI home loans are not easy to get. They have certain eligibility criteria to sanction NRI loans. According to his/her need, the applicant can purchase land, build new house and buy new home. Various eligibility criteria are age, residential status and income. The applicant should have a minimum age of 23 years. The maximum age limit allowed is 60 years for salaried applicant and 65 years for self employed applicant.
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This maximum age limit is the maximum age allowed at the time of loan maturity. Residential status should be a minimum period of 1 year for salaried applicant and 3 year for self employed applicant. ICICI bank NRI interest rates are denoted by Floating Reference Rate (FRR) and PLR. Recently FRR has changed from 13.25% to 12.75% and PLR has changed from15.25% to 14.75%
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