Best answer: Can we take loan from foreign company?

Therefore a borrower can get a loan from a foreign company without the prior approval from the Government of India. 100% foreign investment is allowed through this route in specific sectors. … Securing a loan from a foreign company will require prior approval from the concerned authorities.

Can an individual take a foreign company loan?

A resident of India cannot borrow in foreign exchange from an NRI. However, under certain situations, RBI may permit a person to borrow in foreign exchange from a person outside India. … A loan in foreign exchange can also be taken by resident Indians from their close NRI relatives.

Can Indians take loan from foreign company?

Not only an individual but an Indian company can also borrow from a foreign national or a Non- resident Indian (NRI). … The RBI is responsible for and overseas all lending and borrowing between residents of India and non- resident Indians.

Can you borrow money from a foreign bank?

Domestically, your loan options will be limited, but through offshore banks you can seek out loans in U.S. Dollars, Swiss Francs, British Pounds or Euros. The choice is entirely yours! It is also important to note that the lending terms for offshore loans will vary depending on the currency you’re interested in.

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Can a company take loan from foreign director?

Yes it is allowed. A company cannot give loan to director without paying tax but a director can give loan to a company. However tax has to be paid on interest paid.

Can I take loan from foreign friend?

“An Indian can only accept rupee loans from non-resident Indians (NRIs) or a person of Indian origin and not from other non-residents. “The period of loan shall not be more than three years and the interest rate is restricted to 2% over the existing bank rate,” said Parthasarathy.

Can I get loan from USA to India?

Federal student loans are fairly famous among US students but they are not available for Indian or any other international students. Instead, they can apply for international students loan. Studying in Canada is often more affordable, but still beyond the reach of many without additional help.

Can foreign company give guarantee to Indian company?

As per Regulation 5(b) of the Foreign Exchange Management (Guarantees) Regulations, 2000, “a company in India promoting or setting up outside India, a joint venture company or a wholly owned subsidiary, may give a guarantee to or on behalf of the latter in connection with its business: Provided that the terms and …

Can a company borrow from NRI?

A company incorporated in India under the Companies Act can borrow money from an NRI and the borrowing can be both on repatriable and non-repatriable basis, ie the loan amount can be repaid either in India or the loan amount can be repatriated to the bank account of the NRI maintained outside India.

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How can I get an offshore loan?

How You Can Obtain a Loan Through an Offshore Bank

  1. The Amount of Money that You Need. Before you decide to apply for a loan through an offshore bank, the first thing to do is to figure out the exact amount of funding that you need. …
  2. Choose the Right Loan. …
  3. Choose a Currency. …
  4. Selecting the Bank. …
  5. Prepare the Documents.

How can I buy a house internationally?

Individual countries have the right to place restrictions on non-citizens who want to own properties. Even if the country you’re interested in allows foreigners to buy homes, you may be required to obtain special residence permits or register with a government agency before you can complete a home purchase.

Can I give loan to anyone?

Gifts from family members are not taxable, neither are the loans. But any gift above Rs 50,000 from a friend (non-relative or anyone who falls outside the definition of ‘family’ under the Income Tax Act) during a financial year is taxable. However, if it’s a loan (with or without interest), it becomes tax-free.