Loan Icici — Nri Home

| Feature | Resident Indian | NRI (ICICI Bank) | | :--- | :--- | :--- | | | Indian salary | Foreign salary (converted to INR) | | Co-applicant required | Optional | Often required (resident Indian parent/spouse preferred) | | Power of Attorney | Not needed | Mandatory | | Insurance | Optional | Often mandatory for the loan tenure | | Tax deduction at source (TDS) | 1% TDS on property > ₹50L | Higher TDS: 20-30% if PAN not linked to Indian ITR |

Minimum 21 years; maximum 65 years (or retirement age) at the time of loan maturity. Employment Stability: Salaried: At least 1 year of overseas employment. nri home loan icici

The real challenge, Raj knew, would be the legal verification. He needed a lawyer in Pune to verify the property title, and he needed to sign the loan agreement. | Feature | Resident Indian | NRI (ICICI