We empower NRIs in making smart and informed financial decisions by striving to first understand their needs and then suggesting the right product to meet their requirements.
We are not associated with any single financial institution. Our comprehensive range of products hand-picked from several institutions allows us to offer unbiased advice to our customers.
While most financial institutions are product-centric, we believe in understanding your needs before offering relevant solutions.
Finance can be complex for some. Our job is to simplify it for you. We translate the products in a language you can understand easily.
We are one of the leading and only platform in the country with the competency to manage all your financial needs – whether it’s a loan, investment, saving or travel insurance.
We ensure 100% transparency in all our transactions. Our advisors are committed to sharing every single detail to help you make a smart and informed decision.
A loan that is offered by a bank or financial institution to fund a personal expense such as home renovation, vacation, a wedding in the family, etc. NRIs are eligible to take unsecured loan up to Rs.5 lakhs.
A loan that is offered by a bank or financial institution when you intend to purchase or construct a house. We help you in every stage of the home loan process – right from pre-approval and property identification to disbursement and payment reminders.
A property loan is offered by a financial institution against mortgage of property. We help you with real-time details on eligible loan amount, rate of interest, EMI schedule and applicable charges. We also negotiate with banks on your behalf to save on interest rates.
Forex Facilities for NRIs/PIOs
If you are a Non-Resident Indian (NRI) or a Person of Indian Origin (PIO), you can avail of the following facilities without permission from the Reserve Bank.
Whether you’re an NRI or a PIO (Person of Indian Origin), you are eligible to open, hold and maintain the following types of accounts with an authorized dealer.
Non-Resident (Ordinary) Rupee Account – NRO Account
- Non-Resident (External) Rupee Account – NRE Account
Foreign Currency Non Resident (Bank) Account – FCNR (B) Account
|Particulars||FCNR (B) Account||NRE Account||NRO Account|
|Joint account of two or more NRIs||Permitted||Permitted||Permitted|
|Joint account with a resident of India||NotPermitted||NotPermitted||Permitted|
|Currency in which account is denominated||Pound Sterling/ US Dollar/Jap.Yen/Euro||Indian Rupees||Indian Rupees|
|Repatriability–Principal||Freely repatriable||Freely repatriable||Not repatriable(except in case of current income like rent, dividend, pension etc. and remittances indicated under "Repatriation of NRO Funds")|
|Interest||Freely repatriable||Freely repatriable||Freely repatriable|
|Foreign currency risk||Account holder is protected against changes in INR value vis-à-vis the currency in which the account is denominated.||Account holder is exposed to the fluctuations in the value of INR.||Account holder is exposed to the fluctuations, in the value of INR to the extent of interest amount.|
|Type of accounts||Term deposits only||Term Deposits, current, savings, recurring and Fixed Deposits||Term Deposits , current, savings, recurring and Fixed Deposits|
|Period of fixed deposits||For terms not less than 1 year and not exceeding 3 years||For the periods as announced by the deposit taking bank.||For the periods as announced by the deposit taking bank.|
|Rate of interest||Banks are free to determine interest rates within the ceiling, if any, prescribed by the Reserve Bank||Banks are free to determine interest rates.||Banks are free to determine interest rates.|
|Rupee Loans in India against Security of the funds held in the account to third party account holder||Permitted||Permitted||Permitted|
|Foreign currency loans outside India against security of the funds held in the account to :third party account holder||Permitted||Permitted||Not Permitted|
Only account holders can avail of foreign currency loans in India against the security held in FCNR(B) Deposit Account.