NRI Personal Loan

NRI Personal Loan

Many of the Indian citizens work in other countries for short periods of time or some work for longer tenures as well. These individuals are referred to as Non-Resident Indians. As these individuals do not have permanent residency or citizenship of the country they are residing in, availing loans for any reason gets difficult. Or there may be a requirement of some extra cash for your loved ones who reside in India. In all these cases, an NRI personal loan may prove useful. Let’s see how an NRI can get a personal loan here in India along with the eligibility conditions and documentation required for the same.

Some of the common features of NRI Personal Loans are:
  • The loan needs a co-applicant who needs to be a Resident Indian
  • The resident Indian may be earning or non-earning member
  • Some banks where co-application is not required may require an asset to be rendered as collateral

EMI Calculator for Personal Loan

Your monthly EMI is

5,100

per month for 5 months

Total Interest

502

Total Amount

25,502

Loan Amount

Min ₹10

Max ₹10,000,000

Rate of Interest

Min 5%

Max 25%

Loan Tenure

5

Min 3 months

Max 72 months

Need Urgent Funds?

Flexible Terms, No Hidden Fees, Easy Approvals

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The starting interest rate depends on factors such as credit history, financial obligations, specific lender's criteria and Terms and conditions. Moneyview is a digital lending platform; all loans are evaluated and disbursed by our lending partners, who are registered as Non-Banking Financial Companies or Banks with the Reserve Bank of India.

This article is for informational purposes only and does not constitute financial or legal advice. Always consult with your financial advisor for specific guidance.

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