NRIs filing returns in India can claim deductions of up to ₹1.5 lakh on principal repayment under Section 80C and up to ₹2 lakh on interest paid under Section 24.
ICICI’s NRI home loan is not the cheapest, but it is arguably the most for the tech-savvy, time-poor NRI. The bank has effectively shifted competition from interest rates to certainty of execution and repatriation flexibility . For an NRI, the optimal strategy is not to rate-shop blindly, but to match ICICI’s offering against a simple resident-co-borrower loan from SBI. The “diaspora discount” exists—but it is a discount on legal hassle, not on interest. icici bank home loan for nri
The Diaspora Discount? Deconstructing ICICI Bank’s Risk-Reward Calculus in the NRI Home Loan Segment NRIs filing returns in India can claim deductions
