https://www.taxtmi.com/circulars?id=54194 Authorised dealers may provide INR loans to NRIs for permitted own, business and ESOP purposes, subject to security, prudential requirements, restricted use of proceeds and specified repayment channels. Housing loans to NRIs and PIOs may finance residential accommodation in India where secured and repaid through permitted sources. Indian body corporates may lend to NRI or PIO employees for personal purposes under staff schemes, while resident individuals may make interest-free loans to NRI relatives within Liberalised Remittance Scheme limits. Existing loans may continue following a borrower's change to non-resident status, subject to prescribed repayment conditions. en-us Fri, 01 Jan 2016 00:00:00 +0530 Wed, 09 Sep 2026 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54194 Authorised dealers may provide INR loans to NRIs for permitted own, business and ESOP purposes, subject to security, prudential requirements, restricted use of proceeds and specified repayment channels. Housing loans to NRIs and PIOs may finance residential accommodation in India where secured and repaid through permitted sources. Indian body corporates may lend to NRI or PIO employees for personal purposes under staff schemes, while resident individuals may make interest-free loans to NRI relatives within Liberalised Remittance Scheme limits. Existing loans may continue following a borrower's change to non-resident status, subject to prescribed repayment conditions. Circulars FEMA Fri, 01 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54194