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    • Personal Loan for NRI is Rated as "Great!" by 96713 Users

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    Personal Loan for NRI

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    Personal loan for NRI is available from major banks in India. In general, the public sector banks offer personal loans against fixed deposits or home loans to NRI customers while private sector banks provide NRI personal loans that may be unsecured. Personal loan for NRIs is a good option to receive quick financing for your different requirements.

    Perfect Personal Loan Deals for you

    NRI personal loans are designed to help Indian citizens living abroad to avail the benefits of a Personal Loan in India. As mentioned earlier, both secured and unsecured varieties are available, with the public sector banks usually offering secured loans while the private sector banks in some cases indulge in unsecured loans.

    Rupee/foreign currency personal loans for NRIs

    Most of the banks offer rupee loans or foreign currency loans to holders of FCNR/NRE term deposit accounts. These loans are available against the amount in the FCNR/NRE account at competitive rates of interest. Loans are available up to 90% of the amount in the deposit account with each bank having its own upper limit on loan amounts.

    Features of Personal Loan for NRIs

    These loans have a wide range of features as discussed below:

    Loans available for high limits. Competitive rate of interests. Loan repayment tenures available from 12 to 60 months. Loans are available for various purposes.

    Benefits of NRI Personal Loan

    NRI personal loans offer the benefit of instant financing and lots more, such as:

    • Easy financing for personal credit requirements.
    • Can be availed from a wide range of banks.
    • Easy documentation and applying process.
    • Hassle free and quick processing of applications.
    • Available for salaried as well as self-employed people.
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    Documents required for NRI Personal Loan

    Personal Loan Related Articles

    The documentation requirement for applying to these loans is decided on an individual basis as well as particular criteria of different banks. The following are some general documents required for NRI personal loans:

    • Copy of visa and passport.
    • Salary certificate translated to English if in any other language.
    • International and domestic bank statements.
    • Power of attorney to be attested locally if applying from India and from an Indian consulate if applying from abroad.
    • Specific employees such as those working in merchant navy, the Middle East or other specified employers may be required to furnish additional proofs such as CDC or labour card.

    Major Banks offering secured/unsecured personal loans for NRIs

    The following banks offer NRI personal loans, among others:

    • Axis Bank
    • ICICI Bank
    • State Bank of India
    • Federal Bank
    • Canara bank
    • Citibank
    • Standard Chartered
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    A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

     

    Personal Loan for NRI Reviews

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    • Citibank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      I had no issues to get the personal loan with Citibank. The process was fine and I got the loan as needed. The customer support and response is fine as well as they contacted me on time. I am not sure on the rate of interest and processing charges.
      Was this review helpful? 2

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      , new delhi
      Reviewed on Dec 07, 2018
    • Bank Bazaar Personal Loan
      "Its Excellent"
      0.5 4.5/5 "Excellent!"
      Due to Bank Bazaar, only I got early salary short term plan. I had gone through the service provider and they helped me out. The online application is also good, the customer service is amazing. They call me back to back, if I busy they call me again to service.
      Was this review helpful? 2

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      , ahmedabad
      Reviewed on Dec 07, 2018
    • Early Salary Personal Loan
      "Qucik Process"
      0.5 4.0/5 "Great!"
      The response is good even the loan was disbursed on time. I am very satisfied with the Early salary and the interest rate is good and enough. I took 10K with Early Salary and they have charged around Rs. 600 and I will pay the loan within one month.
      Was this review helpful? 1

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      , ahmedabad
      Reviewed on Dec 07, 2018
    • Axis Bank Personal Loan
      "Its Average"
      0.5 5.0/5 "Blown Away!"
      In Axis bank the interest rate is high comparatively but its very easy to approach. I have been kept follow up with Axis but they taken some time process the personal loan application. I think they are charging some fee for per closuring the loan.
      Was this review helpful? 3

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      , salem
      Reviewed on Dec 07, 2018
    • Bank Bazaar Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      It is the first time experience with the Bank bazaar where i am using it through the website where it is user friendly portal to access. The customer service is responsive also they explain the details of the loan. It is a very good portal to use.
      Was this review helpful? 2

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      , hyderabad
      Reviewed on Dec 07, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar.com gave me good support, all the services are good,they call and intimated about the application. Recently I started using the application, the experience is really good. I came to the site through the promotion mail its fine.
      Was this review helpful? 2

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      , vijayawada
      Reviewed on Dec 07, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using with the personal loan from the ICICI BANK from past four years, there service is too good, they have charged me nominal rate of interest in this loan and even processing fee they have charged me was nominal ,the loan amount they have given me was sufficient.
      Was this review helpful? 2

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      , hyderabad
      Reviewed on Dec 07, 2018
    • ICICI Bank Personal Loan
      "Charges should be reduced"
      0.5 5.0/5 "Blown Away!"
      The customer support is good, they gave good support, initially they told charges would be low, they finally they charged high for the amount of Rs.1.9 lakh, I think they taken Rs.2500 processing fee +7500 for some other charges. Finally I got Rs. 1.8 lakh in my hand.
      Was this review helpful? 1

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      , vijayawada
      Reviewed on Dec 07, 2018
    • Bank Bazaar Personal Loan
      "Easy to approch"
      0.5 4.0/5 "Great!"
      First time I have used this site to take the personal loan through online, the customer support is good. I came know about Bank Bazaar application through online, the website is very simple and to see all the offers in the market. I have been using mobile app is very easy.
      Was this review helpful? 2

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      , mumbai
      Reviewed on Dec 07, 2018
    • IndusInd Bank Personal Loan
      "Interest rate should be reduced"
      0.5 4.0/5 "Great!"
      The response is very good for the loan amount they have gave me 14%, the loan amount approval is good. The processing fee is there for the amount Rs. 5 lakhs, the process is easy. Everything is good expect the interest rate it would be great if they reduce.
      Was this review helpful? 3

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      , mumbai
      Reviewed on Dec 07, 2018
    • Kotak Personal Loan
      "Not user friendly loan"
      0.5 3.0/5 "Satisfactory"
      Got my personal loan 2.5 years ago. I have received the loan amount of 4.5 lakhs and they have provided me a interest rate of 17% which is quite high. Processing fee also high. I have paid the EMI of Rs. 12000 and i have selected the tenure period of 5 years. There is no partial payment and pre-closure facility available.
      Was this review helpful? 2

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      , bangalore
      Reviewed on Dec 07, 2018
    • ICICI Bank Personal Loan
      "Not recommendable bank"
      0.5 4.0/5 "Great!"
      Bought my personal loan 2.5 years back. I have received the loan amount of Rs. 1.50 lakhs. They have given me a interest rate of 15% for this reason i have done a balance transfer to some other bank. I have paid the EMI of Rs. 5000 for the tenure period of 3 years. I have received the loan on time and the documentation process is quite easy.
      Was this review helpful? 2

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      , bangalore
      Reviewed on Dec 07, 2018
    • IndusInd Bank Personal Loan
      "Not recommendable bank"
      0.5 5.0/5 "Blown Away!"
      I have purchased the loan 1.5 year back. They have offered me a interest rate of 11.28% and I'm happy about the interest rate. I have applied the amount of Rs. 7.8 lakhs and i have received the same. I got the loan on time. I pay the loan amount of Rs. 170000 approximately and i have chosen the tenure period of 5 years. They should inform the partial payment facility to the customer.
      Was this review helpful? 1

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      , bangalore
      Reviewed on Dec 07, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have been using BANK BAZAAR services for a while . The customer services is very responsible and helpful compare to others . I can compare every financial product from one website . So far it has been very good experience with bank bazaar . .
      Was this review helpful? 1

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      , bangalore
      Reviewed on Dec 07, 2018
    • Bank Bazaar Personal Loan
      "Timely saving website"
      0.5 4.0/5 "Great!"
      The comparison option is good about the many banking information its helped to chose the best thing at one point.I got so many calls rather going to the bank. Bank Bazaar helped me to get call from the bank its made the process very faster. But value added response is not quick. I suggest it should be faster and the frequent call should be avoided.
      Was this review helpful? 1

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      , bangalore
      Reviewed on Dec 07, 2018
    • Early Salary Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I took a Personal Loan from the EARLY SALARY , the loan amount was satisfactory and it was a very fast service when I needed money. Overall it is very useful when you require money for emergency purposes. The tenure period is 1 month . Customer service is good and prompt .
      Was this review helpful? 1

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      , bangalore
      Reviewed on Dec 07, 2018
    • Tata capital Personal Loan
      "Process should be simple"
      0.5 4.0/5 "Great!"
      The experience was average, because they were multiple call for the same request. I uploaded the documents then again collected physical documents again they came for signature. Finally they taken 15 days to sanction the loan and I felt the interest is higher.
      Was this review helpful? 1

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      , bangalore
      Reviewed on Dec 07, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      BANK BAZAAR provides the best service for me because i never expected this much soon i will receive my loan this much soon , i did not face any issue at the time of documentation . Website and is very easy to use with bank bazaar. Overall it has been good experience with bank bazaar .
      Was this review helpful? 2

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      , mumbai
      Reviewed on Dec 07, 2018
    • Early Salary Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I took a Personal Loan from the EARLY SALARY , there are so much hidden charges they charge 3000 rs without my knowledge . The loan application process took few days . The loan amount was credited to my account with in no time. The interest rates are also nominal when compared to other banks in the market.
      Was this review helpful? 1

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      , mumbai
      Reviewed on Dec 07, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar makes it easier to compare and choose various financial products online. Customer service is good they are very prompt . Website is very easy to use of bank bazaar . So far it was good experience . Mobile application also good to use . My loan experience is good .
      Was this review helpful? 3

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      , jodhpur
      Reviewed on Dec 07, 2018
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