NRIs can raise loans for business or for personal use against their NRI Deposits held with any SBI branch worldwide to the extent of 90% of the face value of deposits. The interest charged is only 1% above the contracted rate on the Fixed Deposit.
The Employees of Indian Embassies in Europe , High Commissions and Consulates may avail demand loans for personal use up to Euro 15,000 repayable in 36 months or during the period of their tenure abroad at an attractive interest rate.
For more details, please contact:
Mr. V. J Singh
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Mainzer Landstrasse 61
60329 Frankfurt am Main