Loan to nri

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Arun Kumar

Arun Kumar (Querist)
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24 September 2011 what are the terms & conditions on loan to NRI and which section of FEMA govern it?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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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:

http://rbi.org.in/Scripts/NotificationUser.aspx?Id=1365&Mode=0

http://www.statebankoftravancore.com/nriloans.htm

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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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

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