If you have moved out of the country for education, a job. You must be researching which bank is best for NRI personal loan in India. Google shows conflicting results and confuses us further. A good bank will give you a loan to solve your urgent financial needs with minimal paperwork.
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Which bank is best for NRI personal loan?
I think the best bank for NRI home loan in India is South Indian Bank. The interest rate is affordable and NRI customers don't need to submit any collateral or security. Only a co-applicant is required to avail of this loan. The bank offers easy EMI options.
I have asked friends and uncles alike, about NRI home loan in India. They told me that public and private banks both offer home loans for NRIs.These loans can be used for purposes varying from home renovation to purchasing a property.
Take a look at the table to get options.
Bank |
Interest Rate |
EMI |
Disbursed |
HDFC Personal Loan |
11.00% |
Rs. 2,149 |
Instant Disbursed only for HDFC Customer |
ICICI Personal Loan |
10.75% |
Rs. 2,187 |
3 to 4 days |
SBI Personal Loan |
10.10% |
Rs. 2,149 |
5 to 7 days |
PNB Personal Loan |
9.95% |
Rs. 2,122 |
5 to 7 days |
Which bank is best for NRI home loan in India?
I think the State Bank of India (SBI) is the best. There are no hidden charges or prepayment penalties. The loan tenure goes up to thirty years. The bank gives home loans to both salaried and self-employed individuals.
Take a look at the table to know the best bank for NRI home loan :
Banks |
Interest Rates |
SBI |
7.55% - 8.05%. |
Bank of Baroda |
Contact the bank |
PNB Housing Finance Limited |
7.50% - 10.45%. |
Axis Bank |
7.60% p.a. onwards. |
HDFC Ltd. |
Contact the bank |
Canara Bank |
7.35% p.a. onwards |
Federal Bank |
8.55% p.a. onwards. |
Bank of India St ar Pravasi Home Loan |
7.40% p.a. |
Indian Overseas Bank |
7.05% p.a. onwards. |
Indiabulls |
7.60% onwards. |
If you wish to gain more information on which bank is best for NRI personal loan in India. Read the links given below.
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Which bank is best for NRI personal loan in India
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2022-09-13T11:02:29+00:00 2022-09-13T11:02:30+00:00Comment
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