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Latest Questions

Q: How to get car loan in India for OCI and what are the documents required to get car loan?

A: Car loans are the easiest to get in India. As an OCI status holder working in India, you probably have a bank account in India. The most appropriate method of applying for a car loan would be to...

Q: Can OCI get loans to buy house in India?

A: Yes! rules and interest rates that apply to Indian citizens would also apply to OCI holders when it comes to housing loans.

Q: How can OCI holder get loan to start retail business in India?

A: As a OCI holder you can start a sole proprietorship in India.The type of business you can start of course would depend on your expertise. While the bulk of loans and grants from IDBI and various...

Q: How can OCI card holder get new business loan in India?

A: Business loans are available provided you have collateral and a sensible business plan that lenders feel is viable. For new industrial development in India there are several incentives offered by...

Q: How can NRI get housing loans in India?

A: To qualify for such housing loans in India, NRIs or foreign citizens of Indian origin, should hold a valid foreign passport, be over 18 years of age and have a steady source of income. They must...

Q: What are the criteria regarding avail of home loans for NRIs in India?

A: According to Reserve Bank guidelines for NRIs: The loan amount shall not exceed 85% of the cost of the dwelling unit. Own contribution, which is the cost of dwelling unit financed less the loan...

Q: Can NRIs obtain loans abroad against the collateral of shares/debentures of Indian companies?

A: Yes. Authorised dealer have been permitted to grant loans/overdrafts abroad to NRIs through their overseas branches and correspondents against collateral of the shares/debentures of Indian...