We give demand loans to meet the genuine requirements of individuals against securities of FCNRs, IMDs and Pravasi Samriddhi Deposits.
How to avail this facility:
- In case of loans against FCNRs, IMDs you can apply in the attached application form
- In case of Pravasi Samriddhi Deposits, the loan on tap is embedded in the account opening form itself.
Sanction of Loan and Original Identification Documents
The applicant may apply in the attached Application form (available in the site) along with Passport details and copy of other Original Identification Document (OID) e.g. Social Security Card or similar ID, Driving License etc.
The loan will be sanctioned, subject to satisfaction of all conditions.
The Loan will be disbursed only after the confirmation of lien noting and completion of documentation.
It is preferable to get the remittance instruction details (account no, Bank and its New York correspondent) well in advance.
All loan applications are processed expeditiously.