#182/B, First floor, B.K Guda, S.R.Nagar, Hyderabad

NRI Loans

When you work abroad but your heart is in your homeland, find the best NRI loans to make all your dreams possible. Attractive interest rates, transparent processes and costs, minimal documentation, quick disbursals and expert guidance make our NRI Loans a better choice.

Eligibility

Resident Type

Non-Resident Indians (NRIs) or Persons of Indian Origin (PIOs)

Minimum Age

18 years

Maximum Age

60 years

Loan Tenure

up to 30 years

Documents Required

NRI applicants are generally required to submit the following documents to avail a loan:

  • Photocopy of passport and Visa of NRI applicant
  • Identity Proof (For both applicant & co-applicant)
  • Identity Proof (For both applicant & co-applicant)
  • Income Proof:
    • Both Indian and international bank account statement for the last 6 months
    • Salary certificate (in English) or salary slips for the last 6 months
  • Employment Proof:
    • Appointment Letter
    • Job contract
    • HR’s email ID or official email ID
    • Labour/ Identity card/CDC (for NRIs working in the Middle East or employed in the Merchant Navy )
  • If the NRI applicant is present in India at the time of submitting the loan application, the Power of Attorney needs to be attested or notarized locally. In case, the applicant is outside India at the time of submission of the loan request, then the Power of Attorney needs to be attested by Indian Consulate of NRI’s resident country.
  • If the NRI applicant is present in India at the time of submitting the loan application, the Power of Attorney needs to be attested or notarized locally. In case, the applicant is outside India at the time of submission of the loan request, then the Power of Attorney needs to be attested by Indian Consulate of NRI’s resident country.

Common Questions

An NRI is an Indian citizen who stays outside India for work or who resides in India for less than one hundred & eighty-two days during the preceding financial year.
A power of attorney is a resident Indian who is required to be the co-applicant of the loan and is appointed to act on behalf of the NRI applicant through execution of the General Power of Attorney (GPOA) deed.
Once the loan is approved, the loan amount is disbursed to the borrower’s NRE/NRO account.
● Housing loan ● Car Loan ● Rupee Loans against NRO, NRE and FCNR (B) fixed deposits ● Foreign currency loan in India against the security of funds held in FCNR (B) accounts ● Loan against the security of shares or other securities held in the name of the borrower or against the security of immovable property ● Rupee Loan against security of assets 'other than shares and immovable property'
Salaried NRI can avail this loan.
Co-applicant should be a blood relative of the main applicant.
There are 2 modes of repayment – ECS or PDC from NRE/NRO or accounts permitted by RBI.

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