If you're a Non-Resident Indian (NRI) wanting a personal loan in India through several banks. For instance, NRIs are eligible for unsecured personal loans from ICICI. The loan amount can go up to Rs. 10 lakh, with tenures usually up to 36 months. Interest rates start from around 15.49% p.a., though the final rate depends on your employment status, credit history and income. So, how to get personal loan for NRI in India? First, you must have proof of NRI status.
How to Get NRI Personal Loan in India?
Provide proof of your NRI status. This means holding a valid passport, visa or relevant overseas work permit, plus documents proving your residential address overseas.
Additionally, you’ll need Indian address proof (if required) like passport, Aadhaar or voter ID. You’ll also need an Indian bank account, usually an NRO or NRE account because ICICI disburses and receives repayments in India.
For income proof: salaried NRIs must show salary slips, overseas bank statements showing credit, employment letters, etc. Self-employed NRIs need business documentation (financials, bank statements, proof of continuity).
A co-applicant resident in India is often required. This must usually be a close relative spouse, parent, sibling etc.
Once documents are in order, you can apply either by visiting an ICICI branch (if you’re in India), or through ICICI’s NRI/overseas banking channels which may allow remote submission of scanned documents.
A power of attorney (PoA) may be needed if you can’t appear in person.
Finally, ICICI will assess your loan application based on your credit score, overseas income stability, employment/job tenure, existing liabilities, and the co-applicant’s credentials. If approved, the funds will be disbursed into your NRO/NRE account, and EMIs will be set up based on the tenure you chose.
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How to Get Personal Loan for NRI in India?
priya
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4 months
2025-09-30T09:48:31+00:00 2025-09-30T09:48:34+00:00Comment
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