According to RBI-aligned guidelines, NRIs whether holding OCI cards or not may take rupee-denominated loans from registered NBFCs or housing finance companies for purposes like personal or vehicle loans, subject to each lender’s internal policies and RBI regulations. So, to answer your query: Can NBFC give loan to NRI? Yes, Indian Non-Banking Financial Companies (NBFCs) can provide loans to NRIs, though eligibility, documentation, and co-applicant requirements are often more stringent than for residents.
Can NBFC Lend to NRI?
NBFCs (alongside banks) do offer unsecured NRI personal loans, usually requiring a resident Indian co-applicant. These loans are known for being quick and flexible, though interest rates tend to be higher due to increased perceived risk.
Loan amounts vary, commonly from Rs. 2 lakh to Rs. 20 lakh, sometimes extending beyond Rs. 25 lakh depending on the relationship and collateral offered.
Eligibility typically includes criteria like:
Holding a consistent employment abroad (e.g., at least one year in the same company for salaried NRIs or three years of business for self-employed professionals).
Residency status as an NRI.
Presence of a reliable Indian co-applicant (earning or non-earning relative).
NRIs often encounter challenges in securing loans from Indian NBFCs without strong documentation of Indian income or property.
Get Assistance in Availing of NRI Loans Via NoBroker NRI Services Now!
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Can NBFC Give Loan to NRI?
priya
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2025-08-28T11:26:22+00:00 2025-08-28T11:26:26+00:00Comment
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