Loan Against
Deposit

A Loan Against Deposit enables customers to meet liquidity needs by availing credit against their NRE and FCNR deposit without closing it.

Once documentation is completed and eligibility verified, the loan amount is disbursed in USD or BHD based on your chosen currency.

Interest is paid annually, while principal repayment follows the tenure chosen. Loans below one year require full payment at tenure end.

Retain your deposit benefits, enjoy attractive rates, and access quick liquidity with minimal documentation.

Both resident and non-resident individuals of Bahrain, holding eligible deposits with ICICI Bank can request a loan based on deposit type and value.

Your eligibility depends on the value of your existing deposit. Loans are available up to 90 percent of the principal amount.

Yes, loans can be taken against NRE and FCNR deposits without breaking them.

Tax applicability depends on the jurisdiction of the customer. ICICI Bank Bahrain does not deduct tax on interest for this product.

The maximum loan tenure offered is 3 years.

Yes, if the deposit is jointly held, all holders may be required to sign the loan documents.