NRI Personal Loan

Comparison of NRI Personal Loans Offered by Top Banks in India

Banks/NBFCs	Interest Rates(p.a.)
HDFC Bank	11.00% onwards	Apply Now
SBI	10.30%-15.10%
ICICI Bank	10.75% onwards	Apply Now
Axis Bank	10.25% onwards	Apply Now
Kotak Mahindra Bank	10.99% onwards	Apply Now
IndusInd Bank	10.49% onwards	Apply Now
IDFC First Bank	10.75% onwards	Apply Now
Bajaj Finserv	13.00% onwards	Apply Now
Tata Capital	10.99% onwards	Apply Now

Eligibility Criteria

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.

Check personal loan offers in UAE for NRIs/PIOs/Indian expats

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.

Click here to know about personal loans offered to self-employed individuals

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.