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Loan Facilities to NRIs
 
  Loans in Rupees
We provides loan to NRIs against their balances in:
 
  • NRE Accounts
  • FCNR Accounts
Salient Features
 
  • Rupee loans to be allowed to depositor/third party without any ceiling subject to usual margin requirements.
  • The loan can be availed of by the account holder or by a third party.
  • The loan will be sanctioned for the following purposes
    • When availed by account holder
      1. Personal purposes or carrying on business activities
      2. Direct investment in India on non-repatriation basis by way of contribution to the capital of Indian firms / companies
      3. Acquisition of flat / house in India for account holder's residential use
      4. Loans will be in terms of prevailing FEMA guidelines.
    • When availed by third party
      1. Fund based and / or non-fund based facilities for personal purposes or for carrying on business activities.
      2. The loan however cannot be utilized for the purpose of re-lending or for carrying on agriculture or plantation activities or for investment in real estate business.
  Loans against NRO Accounts
  Loans are granted by us against your balances in NRO Account after maintenance of requisite margin.
 
  • These loans may be availed only in India and by the Account Holder for personal requirement / business purpose.
  • The loan however cannot be utilized for the purpose of re-lending or for carrying on agriculture or plantation activities or for investment in real estate business.
 
    For our list of foreign exchange branches (‘B’ category) please Click here.
    For our list of Overseas (NOSTRO) Accounts please Click here.
    FAQ's
    USA Patriot Act Certificate
 
    For more details about Forex Loans contact us at 67444560
 
 
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Tel:- +91-22-6744 4524
Tel:- +91-22-6744 4560
Tel:- +91-22-6744 4534
 
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