ICICI Bank NRI Home Loans - Unique Benefits of ICICI Bank NRI Mortgage Interest Rates

ICICI bank delivers wide wide variety of dwelling loans. They supply selection of loans in order to meet people's want. Unique many people have various interest and wants. So, distinct consumers can select distinctive type of loan according to their requirement. ICICI bank NRI loans are popular. This bank supplies many services to NRI's. ICICI bank NRI services are listed here.

• Component-prepayment facility for zero fees.
  
• Door step service in India till disbursement.
  
• Free individual accident insurance to the extent of loan outstanding.
  
• Facility for Online application for India Property Loans.
  
• Online tracking of the status of your India Dwelling loan application.
  
• Appealing interest rates on a monthly reducing basis.
  
• Alternative of choosing from fixed and floating interest rates.

These are the a variety of benefits supplied by this bank. ICICI bank NRI house loans are not quick to get. They have certain eligibility criteria to sanction NRI loans. According to his/her need to have, the applicant can buy land, build new residence and get new home. Several 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.

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 three year for self employed applicant. ICICI bank NRI interest rates are denoted by Floating Reference Rate (FRR) and PLR. Lately FRR has changed from 13.25% to 12.75% and PLR has changed from15.25% to 14.75%.