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NRI Personal Loan Process

Personal loan for NRI is available from major banks in India. In general, the public sector banks offer personal loans against fixed deposits or home loans to NRI customers while private sector banks provide NRI personal loans that may be unsecured. Personal loan for NRIs is a good option to receive quick financing for your different requirements.

Documents Required for NRI Personal Loan

  • Copy of visa and passport.
  • Salary certificate translated to English if in any other language.
  • International and domestic bank statements.
  • Power of attorney to be attested locally if applying from India and from an Indian consulate if applying from abroad.
  • Specific employees such as those working in merchant navy, the Middle East or other specified employers may be required to furnish additional proofs such as CDC or labour card.

Benefits of NRI Personal Loan

  • Easy financing for personal credit requirements.
  • Can be availed from a wide range of banks.
  • Easy documentation and applying process.
  • Hassle free and quick processing of applications.
  • Available for salaried as well as self-employed people.