Planning a big expense or need funds while working abroad? ICICI Bank offers Personal Loans for NRIs with quick approvals and flexible repayment options.
Here’s a simple guide to understand eligibility, loan terms, and how to apply:
Key Features of ICICI Bank NRI Personal Loan
✅ Loan for Salaried NRIs (Including Merchant Navy)
✅ Competitive Interest Rates
✅ Flexible Tenure: Up to 7 years (for Elite/Super HNIs)
✅ Disbursement in NRO Account Only
✅ Repayment from NRO/NRE Account
Eligibility Criteria
1. Minimum Salary Requirement
- Gulf Countries (UAE, Saudi, etc.): AED 7,000+ per month
- Other Countries (USA, UK, etc.): $3,500+ per month
- Merchant Navy Professionals: $2,000+ per month
2. Loan Tenure (Repayment Period)
| Customer Category | Maximum Tenure |
|---|---|
| Elite & Super HNI | 7 years |
| VCP Customers | 5 years |
| Others | 3 years |
3. Mandatory Requirements
✔ Local Indian Resident as Co-Applicant (Mandatory for all NRI applicants)
✔ Disbursement in NRO Account Only (Cannot credit to foreign/NRE accounts)
✔ Repayment from NRO/NRE Account (Auto-debit facility available)
How to Apply?
1️⃣ Check Eligibility – Ensure your salary meets ICICI Bank’s criteria.
2️⃣ Submit Documents – Salary slips, bank statements, passport copy, etc.
3️⃣ Co-Applicant Required – An Indian resident must co-sign the loan.
4️⃣ Loan Disbursement – Amount credited to your NRO account.
5️⃣ Repayment – EMI deducted from NRO/NRE account.
Why Choose ICICI Bank for NRI Personal Loan?
✔ Fast Processing – Quick approvals for eligible applicants.
✔ No Collateral Needed – Unsecured loan, no property/asset pledge.
✔ Flexible Repayment – Choose tenure up to 7 years (for eligible customers).
✔ Competitive Rates – Attractive interest rates for NRIs.
📞 Contact Apply here…
Need Funds for Home Renovation, Medical Expenses, or Travel?
ICICI Bank makes it easy for NRIs to get a personal loan without complications.
