Skip to content

Online Loans for NRIs – Home, Business, Personal Loans.!

June 20, 2010

Getting loans for buying consumer durables to real estate have become more simple and easy in India. You would be surprised at the number of home owners these days and people even in the age group of 25 to 31 are buying up premium homes. The growth in the loan sector to benefit income earners have grown up in recent years and the economy is much more buoyant than ever before. It is a great and opportune moment for non resident Indians and person of India origin from around the world to avail of easy loans in India.

Easy funding for homes, businesses and cars

You need to do some research online at NRI investment sites before you can decide on which facility to opt for. You can apply for home loans and business loans. As there are many types of loan facilities offered to NRI’s, you need to check out the ones that are best suited for you. While thinking about moving back to India, most NRI’s are faced with the problem of having their homes and businesses funded easily as they are abroad.

But the situation has changed and now you can very easily get loans quickly at favorable rates as the system is more simplified and made more consumer friendly than ever before. The terms and conditions are easy and the infrastructure has been ramped up to make loans accessible to a wide cross section of people. And as an NRI you don’t have to run from pillar to post to get a loan sanctioned as was the norm when you perhaps left India several decades back.

For home loans, you will get a handsome amount to renovate as well as buy up a new home anywhere in India you like. You can choose from some of the premium properties that are fast coming up and there are many real estate companies from abroad that are investing in the growing India property market. If you have a sufficient income, you can have representatives of banks, both Indian and foreign queuing up at yore doorstep to offer you a loan at attractive terms and conditions.

Excellent benefits

Your only liability is to pay back the money with interest at the specific period you agreed upon while taking the loan. Most loans these days are facilitated by the system of electronic debiting and you don’t have to go to the bank to pay the monthly installments. The money can be automatically debited to your back account and you can enjoy the property you bought against a bank loan in India.

Even though there are certain restrictions regarding availing of the loans, you can easily get many advantages upfront. For income tax payments, the burden of taxes will be reduced considerably as you will get exemption for the borrowed amount. Among the most sought after loans these days in India is the loan for a car.

More Indians are car owners these days than ever before and the great auto loan boom has made it possible. Even people in the villages of India are buying up new, used or re-conditioned cars and first time car owners are from the age group of 25 plus. You can get car loans at any of the Indian banks and there are more models on offer nowadays.

Unlike earlier times, NRI’s need not bring over their car from abroad and pay huge taxes to use them in India when they wish to relocate or come back to spend time in India for a couple of years. Loans are available online these days and the system is like they are abroad making it easy and simple for those living aboard for a long time.

PAN Card India

Advertisements
3 Comments leave one →
  1. Manish Bhatia permalink
    October 24, 2010 12:48 pm

    hi

    i am looking for a nri personal loan to settle my liabilites with one of the local banks in dubai, i am at present working in hsbc, earning a income of RS 95,000 monthly, am looking for a loan of Rs 3 lac.

    Please advise urgently

  2. May 8, 2013 8:07 pm

    Today, banks often don. Paper documentation is not at all entertained by the lenders.
    Personal Loan can be secured or unsecured.

  3. September 10, 2013 8:10 am

    Is it possible to get secured or unsecured loan, if someone has bad credit record??

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: