Does NRI get loan in India to start own business?



I am NRI working abroad for the past one year, planning to start my own business in chennai looking for a loan to start my business.
as NRI can I get business start up loan from any financial institution in chennai? are how can i get loan to start my business? plz give me a detailed answer.

3 Replies to “Does NRI get loan in India to start own business?”

  1. Yes, this is possible.
    But than various reasoning has to be justified.
    Experience, Margin requirements, Collateral’s, Guarantee.
    Do you have a project report worked out.
    How do you intend to manage the business when you are out of chennai and when you are working rather employed abroad.
    All these factors needs a convincing status for a Banker to grant you the desired loan.
    Hence work on these parameters, approach the Bank of Your choice on your next visit to chennai – as only personal approach may resolve your demand for a loan for business enterprise.







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