The restrictions on end-use varies for rupee loans and foreign currency loans

Non-resident Indians (NRIs) have an easy way to obtain a loan in India with minimum documentation. Loans against non-resident external (NRE), non-resident ordinary (NRO) and foreign currency non-resident (FCNR (B)) deposits are available with leading banks such as State Bank of India (SBI), ICICI Bank and HDFC Bank. Some other banks offer loans against one of these options. These loans can be tak...