NRI Personal Loan

NRI Personal Loans Offered by Top Banks in India

*Applicable for selected customers

Eligibility Criteria for NRI Personal Loan

For Salaried

• Age: Minimum 21 years and maximum 60 years
• Minimum Total Work Experience: 2 years with at least 1 year in the current organisation
• Co-applicant is mandatory and must be a close relative of the applicant, such as father, spouse, etc.
• Lenders also factor in the credit score, monthly income, employer’s profile, job profile, EMI/NMI ratio, etc while evaluating the eligibility of their salaried personal loan applicants

For Self-employed

• Age: Minimum 21 years and maximum 68 years
• Minimum Total Work Experience: 2 years in the current business
• Co-applicant is mandatory and must be a close relative of the applicant, such as father, spouse, etc.

NRI Personal Loan Documents Required

NRI applicants are generally required to submit the following basic documents to avail personal loan:

• Duly filled application form with passport-sized photographs
• Photocopy of the applicant’s Passport and Visa
• Identity Proof: (For both applicant & co-applicant): Aadhar Card, PAN Card, etc.
• Address Proof: (For both applicant & co-applicant): Passport, Aadhar Card, etc.
• Income Proof: Both Indian and international bank account statements for the last 6 months, Salary certificate (in English) or salary slips for the last 6 months
• Employment Proof: Appointment Letter, Job contract, HR’s email ID or official email ID, Labour/ Identity card/CDC (for NRIs working in the Middle East or employed in Merchant Navy)
• Applicants may be required to submit additional documents depending on the personal loan documentation policies set by the respective lenders.

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