A Complete Guide on Car Loans for NRIs
By Vaibhav Aggarwal
Print    Email    RSS   

Documents needed for availing NRI car loans

Some general documents to be submitted:

  1. Loan application form
  2. Hypothecation agreement
  3. Guarantee agreement
  4. Power of Attorney (only if applicable)

The guarantor has to submit the following forms:

  1. Proof of identity and proof of residence
  2. A copy of passport or a valid work permit
  3. Original Salary certificate (salaried) or proof of income (self employed) 
  4. Credit report from a credit information agency in the country of residence

 The borrower has to submit the following forms:

  1. Proof of identity
  2. Proof of residence

Some banks offering NRI car loans

  • State Bank of India - NRI Car loan scheme
  • State Bank of Travancore - NRI car loan scheme
  • State bank of Hyderabad - Car Loans to NRIs scheme
  • Canara Bank - CanMobile Vehicle
  • Federal Bank - Personal Car Loan Scheme
  • Indian Overseas bank - Vehicle Loans Pushpaka

Page    | 123 |
(Comments Posted : 1) Post Your Comments
1. Greetings to you all! My name is Mr Abdul Majeed, a private and reputable loan lender. I render all kind of loan to individuals with an interest rate of 3% with a repayment length of 1 to 30 years maximum. A lot of people have benefited from my loan offer and it have change their lifestyle positively giving them the opportunity to create their own business.
I render loan such business loan, agricultural loan, education loan, house loan, automobile loan, etc. If you are in need of a loan, kindly fill the borrower form below with your valid details and reply back for more information at

Full Name:
Home Address:
Amount Needed:
Currency Needed:
Loan Duration:
Monthly income:
Phone: Number:
Purpose for Loan:
Website you saw our ads:

Note: All reply should be forwarded only to for immediate attention.
Do you need an urgent loan? (Posted: Dec 4, 2015)
Show All Comments
 Select a product:

 Select a product:

Credit profile and its effect on loan...
A chronicle of excesses by loan recovery...
Carnival of Indian Personal Finance Blogs #2
Loans against Cars: A Quick Solution for...
Carnival of Indian Personal Finance Blogs #6

how to get my car loan statement from sbi on line
Lonavala Caℓℓ Girℓs 9765946980 / 9970712349...
how to got car loan statement from hdfc bank
i want to check my sbi car loan balance

SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive