Personal Loan for NRI
Whether it’s pursuing dreams, investing, or supporting your loved ones, you can avail Personal Loan for NRI to make your dreams a reality.
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What is NRI Personal Loan?
Personal Loan for NRI is a variant of Personal Loan offered exclusively for Non Resident Indians (NRIs). We understand the unique financial needs of Non-Resident Indians (NRIs), providing tailored solutions for a seamless and secure borrowing experience.
Interest rates from Popular Banks and NBFCs NRI
| Institution | Interest rates | Loan amount |
| HDFC | From 10.5% | Upto 40 Lakhs |
| Axis Bank | From 10.49%` | Upto 40 Lakhs |
| ICICI bank | 10.75%-19% | Upto 40 Lakhs |
| Bank of Baroda | 10.75% – 18.5% | Upto 5 Lakhs |
| SBI | From 11% | Upto 30 Lakhs |
| IndusInd | From 10.49% | Upto 50 Lakhs |
| Yes Bank | From 10.99% | Upto 40 Lakhs |
| Standard Chartered | From 11.5% | Upto 50 lakhs |
| IDFC | From 10.49% | Upto 50 Lakhs |
| Kotak Mahindra | From 10.99% | Upto 40 Lakhs |
| PNB | From 11.40% | Upto 20 Lakhs |
| Bandhan bank | From 11.55% | Upto 25 Lakhs |
| Institution | Interest rates | Loan amount |
| Tata Capital | From 10.99% | Upto 35 Lakhs |
| InCred | From 18% | Upto 3 Lakhs |
| Finnable | From 16% | Upto 10 Lakhs |
| PaySense | From 16.8% | Upto 5 Lakhs |
| Poonawalla | From 9.99% | Upto 30 Lakhs |
| Fullerton | From 11.99% | Upto 25 Lakhs |
| LendingKart | From 12% | Upto 3 Lakhs |
| Axis Finance | From 13% | Upto 25 Lakhs |
| L&T Finance | From 12% | Upto 7 Lakhs |
| Mahindra Finance | From 10.99% | Upto 10 Lakhs |
| Aditya Birla | From 11.99% | Upto 50 Lakhs |
| Bajaj Finance | From 11% | Upto 50 Lakhs |
Features of Personal Loans for NRI
Global Financial Flexibility: NRIs often face commitment both from home and abroad. Personal Loan for NRIs provide them with the means to access funds globally, thus allowing them to manage expenses, investments, and support family needs
Immediate Fund access: Personal Loans for NRIs offer quick approval and disbursal process, ensuring that NRI can get access to fund promptly without any hassles.
Attractive Interest Rates: Many banks and NBFCs offer competitive interest rates on NRI personal loans. These rates are often designed to be attractive, making it affordable and cost-effective for NRIs to borrow and meet their financial goals without costing them much
Customizable Repayment Plans: Personal loans for NRIs typically come with flexible repayment options. This allows NRIs to schedule the repayment according to their loan to their financial capacity
Financial Support from across the borders: NRIs often support their families back home for all their needs. Personal Loans for NRIs facilitate cross-border financial support, enabling them to provide for family needs, education, or other financial goals without constraints.
Documents Required for Personal Loan for NRIs
- Duly signed application form with Passport-sized photographs
- Proof of identity required for both applicants and co-applicants (Aadhar card, passport, driver’s license, PAN Card)
- Proof of address required for both applicants and co-applicants(utility bills, rental agreement) for self-employed
- Proof of income (Bank statement of Monthly salary credit, Indian and international bank account statements for the last 6 months)
- Employment letters, Labour Identity Card, CDC for employees working in ME, Job contract letter, Office Email ID
- Additional documents may be required based on personal loan documentation policies of the respective lenders
Eligibility Criteria of Personal Loan for NRIs
To apply for a Personal Loan, you need to meet the following criteria:
- Age: 21 to 60 years
- Minimum work experience of 2 years and 1 year atleast in the current organization for employed and 2 years in the same business for self-employed
- Co-applicant is a must and should be a close-relative of the applicant like father, mother, brother, spouse etc
- Lenders may factor in the applicants credit score, monthly income, employers profile, disposable income etc.
Documents Required of Personal Loan for Medical Emergency
- Identity Proof (Aadhaar, Passport, Voter ID)
- Passport size Photographs
- Address Proof (Utility Bill, Passport, Aadhaar)
- Income Proof (Salary Slips, ITR for self-employed)
- Bank Statements (Last 3 to 6 months)
Why apply for Personal Loan for NRI at Fincover?
- Swift Approval: Need cash in a hurry? Our super fast approval process ensures you access to funds at the time you need
- Flexible Repayment Plans. Our flexible repayment plans would ensure that your EMI commitments are structured to your budget
- Competitive Interest Rates: We believe in fair deals. Get the best deals on personal loan for NRI interest rates in the market
- No Hidden Charges: Transparency is deeply embedded in our goal. No surprises, no hidden fees. Just pay according to the terms of the loan
- Quick Disbursal: Once approved, we would ensure you your funds at the shortest time possible
Unlock Extensive Financial Opportunities Abroad with NRI Personal Loans
Seize financial freedom worldwide with our NRI personal loans and breathe life into your dreams
NBFCs
- Rs.50 lakh Personal Loan
- Rs.40 lakh Personal Loan
- Rs.30 lakh Personal Loan
- Rs.25 lakh Personal Loan
- Rs.20 lakh Personal Loan
- Rs.15 lakh Personal Loan
- Rs.10 lakh Personal Loan
- Rs.5 lakh Personal Loan
- Rs.4 lakh Personal Loan
- Rs.3 lakh Personal Loan
- Rs.2 lakh Personal Loan
- Rs.1 lakh Personal Loan
- Rs.50,000 Personal Loan