NRI Car Loan in India: Eligibility & Interest Rates

 NRIs who work in foreign countries always wish to buy a dream home and a swanky car in India. This is the reason, a sharp rise in the demand for car loans from NRIs has been seen in recent times. To help NRIs fulfil their dreams, many Indian lenders are offering them NRI home loans and car loans at attractive interest rates. Indian citizens who reside abroad for a job or business can get an NRI car loan in India.

SBNRI Team

· 24,696 views

ICICI Bank NRI Personal Loan: Eligibility & Interest Rates

 A large number of Indian citizens move out of the country for employment and education. In the meantime, unforeseen financial expenses can arise. If an NRI who is living in another country is not able to arrange funds to meet urgent financial needs from other sources, he/she can get a personal loan to fulfil urgent financial needs. Many banks offer an NRI personal loan in India. ICICI Bank NRI personal loan is one of the best loans in the market.

SBNRI Team

· 42,328 views

HDFC Mutual Funds for NRIs to Invest in India

 HDFC Asset Management Company Ltd. is one of the most popular fund houses in India that offers a wide range of mutual funds to resident as well as NRI customers. Indians living abroad can invest in HDFC Mutual Funds for NRIs to get the advantage of diversification, liquidity, professional management, etc. HDFC offers different types of mutual funds for NRIs including growth funds, or even retirement funds to cater to investors from all walks of life.

SBNRI Team

· 16,788 views

IIFL NRI Home Loan 2022: Interest & Benefits

 With an affordable home loan, NRIs can buy their dream home in India. NRIs can avail a home loan at an affordable rate of interest from IIF to buy a house or property in India. IIFL NRI home loan can be availed by salaried and self-employed applicants alike for various purposes that include the purchase of a new flat, renovation or extension of an existing home, or purchase of an existing flat or house, and purchase of land for construction of a flat or house.

SBNRI Team

· 13,144 views

ICICI Direct NRI Trading Account: Types & charges

 NRI customers can participate in India’s growth story from anywhere in the world. ICICI Securities is a technology-based firm that offers a host of financial services including investment banking, retail broking, institutional broking, private wealth management and financial product distribution services to its domestic and NRI customers. Indians living around the world can open an ICICI Direct NRI Trading Account and start investing in stocks, mutual funds, IPO and trade in Futures & Options in India.

SBNRI Team

· 19,517 views

Can NRIs buy health insurance for their parents in India? – SBNRI

 Living away from their country makes NRIs more concerned about their loved ones back in India. This is the reason they look for health insurance plans for their parents living in India. However, the question ‘Can NRIs buy health insurance for their parents in India?’ is still a common query and has gained relevance especially because of the Covid-19 outbreak. The simple answer is ‘yes’, NRIs can buy a mediclaim policy for their parents in India. The health insurance plans not only allow your parents to access the latest healthcare facilities but also protect them from hospital expenses.

SBNRI Team

· 17,684 views

NRI Status for Financial Year 2020-21: New Circulars

 The residential status of an individual, as to whether he/she is a resident Indian or a non-resident (NR) or not ordinarily resident depends on the period of a person’s stay in India during the previous year or years preceding the previous year. However, in view of the Covid-19 pandemic and the consequent overstay of an individual who had visited India before 22nd March 2020, the Central Board of Direct Taxes has issued a circular on 3rd March 2021 to determine the NRI Status for Financial Year 2020-21. CBDT clarified that the overstay of NRIs due to the Covid-19 pandemic restrictions shall not be taken into account for the purpose of determining the residential status under Section 6 of the Income Tax Act, 1961. The board clarified that income tax will not be levied on Non-Resident Indians (NRIs) who have exceeded the mandated residency limit.

SBNRI Team

· 18,697 views

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