Make srikumar as your homepage

< >


Please check "WHAT IS NEW?"  to see new pages we are adding. Enjoy

CAD Free stuff | NRI | Jobs | Home pages Education | Kids | Movies | Games | Music | Indian Music | A  to Z topics | Science| Translate |Type any language| What is New? |

 Engineering| Alumni | Health | Sports |Tourism |Computers | Business | Oman 123| 3D perspectives | Chat Free downloads |Shopping | Family | Comments
Articles| Advertising | Cooking | Humour | Interior Design| Marketing | Study Abroad |Toastmasters| Useful Tips | Subscribe Newsletter| Job Posting

Art of Living
Feng Shui
< >
Question papers
House plans
Interior Design

L.Srikumar Pai
B.Sc( Engg.), MIE, MIWWA, MICI
Civil Engineer & CAD Specialist
Web master

See my 3d perspectives using AutoCAD & 3DS Max.
3D Album


Main Article page | Beauty articles | Health page | Computers| Diseases | Education | Entertainment | Family
Business |Fitness
Fruits and Vegetables |
Jobs | General | Personality| Technology | Tourism | Sports
Biography Page| Heroes & Incredible peoples | Inventions | Useful Tips
NRI page| Govt. Web sites| Govt. services | Tourism


What are the various loan options available to a NRI?

Loans to NRIs may be:
  1. Foreign currency loan in India against the security of funds held in FCNR (B) accounts.
  2. Rupee Loans against FCNR (B) and NRE fixed deposit funds.
  3. Housing loans
  4. Car Loans
  5. Loan against the security of shares or other securities held in the name of the borrower or against the security of immovable property.
  6. Rupee Loan against security of assets 'other than shares and immovable property'.
  7. Rupee loan granted by an Indian body corporate, to an employee who is a non-resident Indian or a Person of Indian Origin. The loan may be for personal purposes including purchase of housing property in India.
  8. Loan in foreign currency granted by an Indian company to its employees in branches outside India. The loan must be granted for personal purposes in accordance with the lender's Staff Welfare Scheme / Loan Rules and other terms and conditions as applicable to its staff in India and abroad.

72.Can Rupee loans be taken against NRE/FCNR deposits in India by the depositor himself?


73.For what purpose can these loans be taken?

  1. For personal purposes or for carrying on business activities
  2. For direct investment in India on non repatriation basis by way of contribution of the capital of India firms / companies
  3. For acquisition of a flat / house in India for own residential use.

74.How do I avail a Loan agaianst Deposits?

You can avail a loan in Indian rupees against the security of NRE TDR / STDR or FCNR deposits.

You need not close the deposit prematurely, and can avail the loan:

  • At the branch where you maintain the deposit.
  • As an overdraft or as a demand loan.
  • For a maximum of 90% of the face value of deposit, and including the interest accrued on the deposit.
  • At an interest rate linked to SBI Prime Lending Rate against FCNR deposits.
  • At an interest rate linked to interest paid on the deposit, for a loan against NRE TDR / STDR deposits.
Note:For the current rate of interest please get in touch with your branch.

75.Can a loan be given to third parties in India on the security on NRE/FCNR deposits?


76.Can loans be taken abroad against the security of these deposits by the depositor?


77.Can the loans be taken abroad by third parties against the security of these deposits?


78.Can foreign currency loans be availed by third parties in India against the security of NRE/FCNR deposits?


79.On return to India, can the NRI retain his assets abroad?

Yes, on return to India, NRI need not declare or surrender their foreign currency assets and the income earned thereon.

80.I want to buy a property in India, who should I contact for loan?

You may Contact the Nodal Officer of the Circle in which you wish to buy the property.

81.How much loan is available against Fixed Deposit?

Loan / Overdraft facility is available upto 90% against Fixed Deposit.

82.Are there any prohibitions for the purpose for which the loan is taken?

The loan cannot be used for the purpose of relending, carrying on agricultural/plantation activities or for investment in real estate business .Loans against NRE fixed deposits can, however, be utilised for investments in India on non-repatriation basis, in certain specified areas and for acquisition of flats/houses subject to prescribed conditions
Useful articles
Real Estate 
< >
Free MP3
AutoCAD Blocks
3D Max textures
Printer Drivers
Entrance Test
IAS Topper
Public Speaking
Study Abroad
Type any language
Useful articles
Useful Tips
What is New?
Admission tests
Courses & careers
Religious talk
GSB & Konkani

About us | Submit your site |Suggestions | A to Z topics |Advertising | Auctions | Alumni | Arts | Astrology | Animals | BusinessCooking CAD| Chat | Computers | Disabled People
Environment | Education | Engineering | Family | Festivals | Freebies | Fun | Games | Health | India | Jobs | Jokes |Kerala | Kids | NRI News |   Movies | Music | Medicine 
| Photography | Religion | Reference | Science | Shopping | Sports | Tenders | Tourism | Vaastu shastra | Women | World | Zoo
Copyright 2009-2010