State Bank of India   About Us | FAQs | Contact Us SBI NRI Services
   
   
Announcements
Fresh KYC requirement for the accounts older than two years. Please submit documents for re-KYC. Click here to know more.


Retrieval of Login password for Internet banking facility made easier. Please click here to know more.


Customer Account Position on email address


Place a request for outward remittance or funds transfer from your NRE or FCNR (B) account using Internet Banking facility. Please click here to know more.


Place a request for disposal of Inward Remittance sent to NRI accounts using Internet Banking Facility. Please click here to know more.


Availing Internet Banking facility made easier. Please click here to know more.


Now you can add, change, cancel or inquire a nominee in your NRE / NRO savings bank or NRE / NRO / FCNR (B) deposit accounts through Internet Banking (INB) facility. Please click here to know more.


Activation of Debit card and generation of PIN instantly through Internet Banking. Please click here to know more.


Create Overdraft (OD) account against your NRE / NRO deposit through internet banking. Please click here to know more.
Locators
NRI Branches
NRI Intensive Branches
Other Branches
ATM
Calculators
Maturity Value
EMI
Home > Loans > Loans against NRI Deposits

Loans against NRI Deposits

Overview:

  • Loan can be taken to carry any business activities, for acquiring a flat / house in India or for meeting emergency financial requirements. It cannot be granted for re-lending or carrying out agricultural / plantation activities or for investment in real estate business. Loan amount cannot be repatriated abroad.
  • It can be availed in Indian Rupees or Foreign Currency against the security of NRE / NRO / FCNR (B) deposit
  • Loan will be given to depositor only
  • Interest is charged at monthly intervals in both Indian Rupee and Foreign Currency loan
  • Premature withdrawal of underlying:
    • NRE / FCNR deposit is not permissible
    • NRO deposit is permissible but outstanding Principal and Interest will be settled first

Features:

Deposit NRO TDR/STDR/RD NRE TDR/STDR/RD FCNR (B) TDR/STDR
Purpose Loan can be taken to carry any business activities, for acquiring a flat / house in India or for meeting emergency financial requirements. It cannot be granted for re-lending or carrying out agricultural / plantation activities or for investment in real estate business. Loan amount cannot be repatriated abroad.
Type of facility
  • Demand Loan
  • Overdraft
  • Demand Loan
  • Overdraft
  • Demand Loan
  • Foreign Currency Loan
Currency Indian Rupee Savings, Current, Fixed Deposits (TDR/ STDR) and RD
  • Indian Rupee
  • USD
  • GBP
  • EURO
Period of Loan Up to the remaining period of maturity Up to the remaining period of maturity
  • Rupee Loan: Up to the remaining period of maturity
  • Foreign Currency Loan: Up to 1, 2 or 3 year or up to the remaining period of maturity with a minimum of one year.
Loan can be availed from Home branch in India Home branch in India Designated branches in India or at foreign office
Minimum Loan No limit No Limit
  • USD 25000
  • GBP 15000
  • EURO 20000
Maximum Loan No limit No limit No limit
Margin 10%
(Principal and accrued interest)
10%
(Principal and accrued interest)
10% on notional rupee value of Foreign Currency Deposit and accrued interest
Interest rate on Foreign Currency loan Not available in India Not available in India 1.50 % over prevalent FCNR (B) deposit rate for the relative period at the time of processing the loan
Facility for creation of Overdraft (OD) through Internet Banking Available
(Please click here to know features and other details of this facility)
Available
(Please click here to know features and other details of this facility)
Not available
Execution of Documents
  • If availed from branch in India: To be executed by depositor himself / herself at  home branch and not by Power of Attorney holder
  • If availed from overseas branch: As per the policy for respective foreign office
Repayment of Loan
  • Adjustment of underlying deposit
  • Fresh inward remittance
  • From other NRO account
  • Adjustment of underlying deposit on maturity only
  • Fresh inward remittance
  • From other NRO / NRE account (The repayment from NRO account will be within the cap of USD one million per financial year)
  • Adjustment of underlying FCNR (B) deposit on maturity only
  • Fresh inward remittance
  • From other NRO / NRE account (The repayment from NRO account will be within the cap of USD one million per financial year)
Interest rates applicable Please click here for interest rates
Choose Your Loan
NRI Home Loan
NRI Car Loan

Loans against NRI Deposits

Online OD against NRI Deposit
Quick Links
  Online Banking
  Interest Rates
  Download Forms
  Service Charges
  Modes of Banking
  Scope of NRI services at
SBI Foreign offices
  SWIFT Codes
  Feedback
Click here for Apply an Account Online
Click here for Track Account Opening Application
Click here for NRI Home Loan
Click here for NRI Car Loan
Let us Contact You
Disclaimer | Privacy Statement | Disclosure | Terms of Use