Want us to call you back?

Give us a few details for us to help you!

+

 

I authorise ICICI Bank and it’s representative to contact me through call, SMS, WhatsApp and/or email with reference to my application

BEST FOR

Commercial Property Purchase Loan in India

  • Repo-linked interest rates

  • Online sanction with minimal documentation

  • Flexible loan tenure up to 15 years

  • Commercial property purchase for self-use only

Loan EMI Calculator

Loan Amount

Interest Rate

Duration

Disclaimer*: For representation purpose only. Final values may vary subject to bank's policy.

Things you should know

  • Charges and Fees

    Review all fees before taking your Commercial Loan

    View Fees and Charges

  • Defined end use

    Commercial property to be purchased for self-use only

  • Loan Tenure

    Flexible loan tenure of up to 15 years

About NRI Commercial Property Purchase Loan

What is an NRI Commercial Property Purchase Loan?

An NRI Commercial Property Purchase Loan enables NRIs/OCIs to finance the purchase of commercial property in India for self-use. It offers repo-linked interest rates, flexible repayment tenures up to 15 years, attractive terms, minimal documentation, and online sanction, helping buyers secure office or retail premises easily.

Benefits of NRI Commercial Property Purchase Loan
  • Easy access to funds for purchasing commercial properties.
  • Flexible repayment tenures.
  • Attractive interest rates for NRIs.
  • Online application process with minimal paperwork.

Can I use the loan for any type of commercial property?

Yes, you can use the loan to purchase office spaces, retail properties, or industrial properties in India.

How long is the loan tenure?

The loan tenure can be up to 15 years, depending on your eligibility. Longer tenures provide more flexibility in repayment.

FAQs on NRI Commercial Property Purchase Loan

Can an NRI/OCI apply for a Commercial Property Purchase Loan in India?

Yes, both NRI and OCI individuals can apply for a Commercial Property Purchase Loan in India.

What documents are required to apply for the loan?

Document Type

Salaried 

Self-employed

Application form with passport-size photo 

Y

Y 

KYC documents:

- Identity: Passport 

- NRI status proof: Visa/ Residence Permit/ OCI card

- Communication Address Proof (either Indian or overseas) 

- PAN (For NRI: PAN is mandatory, For OCI: either PAN or Form 97)

Y 

Y

Income proof: Latest 1 month salary slips or certificate 

Y

N 

Income proof: Latest 3 month overseas bank statements with salary credit

Y 

N

Business proof: 

- 2 years audited P&L, IT returns

- Business Incorporation documents 

- Latest 6 months overseas operative bank account

- Office Address, Directors list 

- List of director and shareholding pattern (if customer is director in his own company)

N 

Y

What are the eligibility criteria for this loan?

The loan is available for NRI/OCI individuals. The applicant must have a valid passport, NRI status proof (work visa/residence permit/OCI card), and the required KYC documents. Specific income and business proof will be needed depending on your employment status (salaried or self-employed).

What is the tenure and repayment option for the loan?

The loan offers flexible tenures of up to 15 years, allowing easy EMIs. You can also avail of a balance transfer facility from an existing loan with another lender.

Can I get a top-up on my existing loan?

Top up loan over and above originally sanctioned amount is available. You can also transfer existing loan from other financers and avail top up on the same. (Subject to further assessment)

Do I need a ICICI Bank NRE/NRO account for availing the loan?

Yes, NRE/NRO account is mandatory for repayment.

Customers from which countries are required to submit overseas credit report?

An Overseas Credit Report ( not older than 45 days )must be submitted for NRI/OCI customers belonging to USA, UK, Hong Kong, Singapore, UAE, Australia, New Zealand, Canada, Bahrain, Qatar, Kuwait, Malaysia, Saudi Arabia, Ireland, South Africa, Oman. For other countries, it is not mandatory.

Disclaimer

PROCEED