Loan Facility

Overview

Enjoy personalised service, easy loan disbursal and more

Loan in Rupees

We provide loans 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 by the account holder or by a third party
• The loan will be sanctioned for the following purposes:

A. When availed by account holder

• For personal purpose or for carrying out business activities
• Direct investment in India on non-repatriation basis, by way of contribution to the capital of Indian firms / companies
• Acquisition of flat / house in India for account holder's residential use
• Loans will be in terms of prevailing FEMA guidelines

B. When availed by third party

• For fund based and / or non-fund based facilities for personal purpose or for carrying out business activities
• The loan, however, cannot be utilized for the purpose of re-lending or for carrying out agriculture or plantation activities or for investment in real estate businesses

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 out agriculture or plantation activities or for investment in real estate businesses

 

For more information about Forex Other Services, kindly call us on 41834500 /528 /529 /530 /542 /560