New Delhi, June 30 -- Despite contemporary international migration, many Non-Resident Indians (NRIs) continue to hold deep emotional and financial ties to India. Personal loans for NRIs in India are a great way to cover unexpected expenses, remodel their homes, or for a family gathering.

Let's take a look at the options, eligibility, documentation required, and frequently asked question: Can an NRI apply for a personal loan in India?

Yes, NRIs can apply for personal loans in India, but there will be limitations. NRIs cannot apply for personal loans from all banks and NBFCs and the eligibility requirements may be stricter than those for Indian citizens.

(Source: PaisaBazaar)

Standard eligibility requirements include the following; howe...