Who is eligible for an NRI loan?
Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs) are typically eligible for NRI loans. However, specific eligibility criteria may vary between financial institutions.
What is an NRI loan?
An NRI loan, also known as an NRI home loan or NRI personal loan, is a financial product designed specifically for non-resident Indians who wish to purchase property or avail of personal finance in their home country while residing abroad.
How can NRIs apply for an NRI loan?
NRIs can apply for NRI loans through various channels, such as online loan application portals of financial institutions, by visiting the bank's branch, or by contacting the customer service representatives of the respective lenders.