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amol (Manager)     08 January 2013

Can nbfc give loan to nri ?

Can NBFC give Auto Loan to NRI/PIO?



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 1 Replies

c.p.s. ramachary (1500)     09 January 2013

Why not ? 

The significance of non-banking financial companies in India lies in the massive capabilities of NBFCs - short of acceptance of call deposits and remittance function, NBFCs can virtually do everything that a bank can. Compared to this disability, the ease of entry and lightness of regulation applicable to NBFCs makes it a tremendous focus of interest, particularly for foreign investors wanting to enter India's financial sector. Hence there should not be any problem  for NRI in availing auto loan


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