Loan to nri
This query is : Resolved
Arun Kumar
(Querist)
24 September 2011
what are the terms & conditions on loan to NRI and which section of FEMA govern it?
RAMESH KUMAR VERMA
(Expert)
24 September 2011
the loan shall be granted in accordance with the lender’s Staff Welfare Scheme/Staff Housing Loan Scheme and subject to other terms and conditions applicable to its staff resident in India;
for more info:
https://rbi.org.in/Scripts/NotificationUser.aspx?Id=1365&Mode=0
https://www.statebankoftravancore.com/nriloans.htm
for more info:
https://rbi.org.in/Scripts/NotificationUser.aspx?Id=1365&Mode=0
https://www.statebankoftravancore.com/nriloans.htm
CA. Anuj Gupta
(Expert)
04 October 2011
Please clarify who wants to give loan to NRI. An individual, a relative of NRI or an Company.
Anuj
+91-9810106211
femaquery@gmail.com
Anuj
+91-9810106211
femaquery@gmail.com
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