ICICI Bank UK PLC to facilitate home loans in India for Indian diaspora based in the UK
The said Bank is now facilitating home loans in India through its parent, ICICI Bank Ltd India (ICICI Bank), for NRI (Non Resident Indians)/Overseas Citizen of India (OCI)/ Persons of Indian Origin (PIO) based in the United Kingdom (UK).
With the Bank’s India home loans, NRIs/OCI/PIO living in the UK can avail home loan to buy properties in India (residential as well as commercial) without travelling to India.
The currency conversion between a Pound Sterling and Indian Rupee is at present much better for a Rupee buyer as against a year ago, which further weighs in favour of buyers living in the UK.
All of these factors make it a great time for NRIs to purchase their dream home or expand their real estate portfolio in India.