Things you should know

  • Minimum Loan Amount

    Loan available from 2000 FCY onwards

  • Maximum Disbursement

    Avail up to 95% of deposit value

  • Premature Closure

    Early closure attracts 1% charge

  • Eligibility

    NRIs with NRE, FCNR or GIFT City deposits in major currencies are eligibile

NRI Loan Against Deposit FAQs

What is NRI Loan Against Deposit?

A Loan Against Deposit for NRIs allows you to borrow funds by pledging your NRE, FCNR or GIFT City deposits. You can access up to 95% of the deposit value without breaking it, and continue to earn interest on the deposit.

In which currencies is the loan available?

You can avail the Loan Against Deposit in four foreign currencies, which are US Dollar (USD), Euro (EUR), British Pound (GBP) and Canadian Dollar (CAD).

How can I repay the loan?

The loan offers a bullet repayment facility, allowing you to repay the entire loan amount in one lump sum at the end of the tenure instead of monthly instalments.

Disclaimer

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