Simplified facts and practical information about home loans in a simple language while avoiding the technical jargon associated with it! I was confused with Finance in Home Loans and this Blog is an simple expression! I am a Healing Artist, and not attached with any Financial Commercial Institution and am not responsible for any financial links posted Take care and surf information before committing!
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29 September 2013
NRI Open Account Easily NRI Get upto 85% Loans on your Deposit by ICICI Bank
NRI investment options are vast and as we know the first
step for buying any property or investing in a home by home loan , would be to
open an account in a reputed bank for any financial dealings it is best that
your bank is able to supply all the information and guidance required by NRI
here and also in UK.
One of the major criteria for any home loan by an NRI it is
of priority hat they have an account in a bank that connects here in India as
well as has branched in other foreign countries. ICICI bank a universally
accepted reputed finance option for NRIshas great offers for loan and an NRI when fulfilling certain criteria
can avail to these financial loan options easily.
What more can weask
for the bank allows customers to open accounts in multiple currencies, be it
USD, GBP, EUR, JPY, CAD and AUD. So from Great Britain Pound to US Dollars to
Australian dollars there are no hassles in currency matters. Another advantage
here is that every time the renewal there is automatic renewal system avoiding
all the hassles of documentation and time spent by the NRIclient.
With the new e-deposit,electronic system the deposit amount you immediately get aconfirmation mail. This confirms the
financial dealings easily and promptly.
Opening an FCNR account is a very good option to get good
financial returns from your foreign currency. NRI opening this fixed deposit
account gets lots of benefits from the bank and one of them is loan options
that are processed easily when you already have an account with the ICICI bank.
For a home loan NRI can easily buy land or property in India
by availing the ICICI home loans at attractive interest rates and offers on
fixed or fluctuating rate of interest. In case you wish to close offthe loan early there is also option of part
prepayment with zero processing fees.
As for eligibility criteria for NRIs a few points here. For
NRI applying for a home loan minimum age limit set by the bank is 21 years and
maximum 60 yearsfor applying for a home
loan. Job salaried individuals must have worked , stayed, in US for at least
one yearminimum.As for self employed individuals the NRI must
have been abroad , there for a period of at least minimum three years so that
you can apply for a loan.
NRI open account easily
For a home loan repaymenttenure for an NRI it can extend for 11 to 15 yearsand the approval of Home Loan for any NRI dependsupon the qualification of the borrower and
job position, as well as their financial status. Be it Middle East or US any
NRI can easily avail this offer by opening an account and depositing in ICICI
branches all over the globe.
All the Best from Rizwana!