Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Eligible deposit securityNRO TDR, STDR or RD; NRE TDR, STDR or RD; or FCNR(B) TDR or STDR
Source 1Facility typesDemand loan or overdraft against NRO/NRE/FCNR(B); foreign-currency loan additionally available against FCNR(B)
Source 2Permitted and excluded purposesBusiness activity, acquiring a flat or house in India, or emergency needs; not for re-lending, agricultural or plantation activity, or real-estate business investment
Source 3Repatriation restrictionLoan amount cannot be repatriated abroad
Source 4BorrowerLoan is given only to the depositor
Source 5Loan currenciesIndian rupees; FCNR(B)-backed foreign-currency loan also in USD, GBP or EUR
Source 6Loan periodRupee facility: up to remaining deposit maturity; FCNR(B)-backed foreign-currency loan: 1, 2 or 3 years or remaining maturity, with a one-year minimum
Source 7Published minimum loanNo minimum stated for NRO/
Source 8Published maximum loanNo maximum limit stated in the product table
Source 9NRO/NRE rupee-loan rate1.00 percentage point above the rate paid on the pledged time deposit, irrespective of loan amountEffective 15 Aug 2025
Source 10FCNR(B)-backed rupee-loan rate2.90 percentage points over one-year MCLR; table publishes one-year MCLR as 8.70%Effective 15 Aug 2025
Source 11FCNR(B)-backed foreign-currency rate150 basis points over the applicable FCNR(B) deposit rate
Source 12Interest charging frequencyMonthly for both rupee and foreign-currency loans
Source 13Underlying-deposit early withdrawalNRE or FCNR(B): not permitted; NRO: permitted after outstanding principal and interest are settled first
Source 14Benefits and features
- Multiple secured structures against NRO, NRE or FCNR(B) deposits
- Rupee and eligible foreign-currency borrowing without immediately breaking the deposit
- No maximum loan amount stated on the official product table
Eligibility
- The facility is available only to the depositor against an eligible SBI NRO, NRE or FCNR(B) deposit.
- The loan cannot be repatriated abroad and cannot fund re-lending, agricultural or plantation activity, or real-estate business investment.
- Branch, currency, margin, repayment and premature-withdrawal rules vary by the deposit and facility selected.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Loan documents executed personally by the depositor at the home branch in India; a power-of-attorney holder cannot execute them
- For a facility through an overseas branch, documents required under that SBI foreign office's policy