Properties are the most valuable tangible assets and stand to serve as an important source of liquidity in times of financial crisis. Similar to resident Indians, Non-Resident Indians (NRIs) can use their property in India to meet their personal expenses or business requirements. Many Indian banks and NBFCs offer a loan against property to NRI customers, popularly known as an NRI loan against property. For best banks for NRI loan against property, continue to read the article.
South Indian Bank offers an array of banking and financial products for NRI/ OCI customers, including NRI accounts and fixed deposits, insurance, loans, etc. South Indian Bank NRI personal loan can be availed by NRIs to fulfil their various financial requirements such as medical emergency, travel, education, big-ticket purchase, debt consolidation, etc.
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.