LOV 2LOV 2
[Paragraph 11 B.4]
Application for permission to grant loans and overdrafts
to foreign nationals for personal purposes
Instruction:
1. | The application should be completed in duplicate and submitted through an authorised dealer from whom the applicant desires to avail of the loan/overdraft. |
Documentation:
| 2. | Suitable documentary evidence in support of the purpose of the loan. |
1. | Name, nationality and address of borrower | | |
2. | (i) | Nature of employment/profession/ occupation/business in India | (i) | |
| (ii) | Number & date of Reserve Banks approval | (ii) | |
3 | Amount of loan/overdraft | | |
4. | Details of securities pledged or guarantee given | | |
5. | Purpose of loan/overdraft | | |
6. | Period for which loan/overdraft is required | | |
7. | Source of funds from which loan/overdraft will be liquidated | | |
8. | Length of time since when facility has been in existence | | |
9 | Details of similar facilities availed of by other members of the family of the borrower from the bank through which this application is routed | | |
10. | Details of similar facilities availed of by the borrower and members of his family with any other authorised dealer in foreign exchange | | |
11. | Any other relevant information | | |
| I hereby declare that the particulars given above are true and correct to the best of my |
knowledge and belief. |
Place | : | ............................. | ............................................. |
Date | : | ............................. | (Signature of Borrower) |
(To be completed by Authorised Dealer)
| Certified that the application and documents submitted are in order. We recommend that |
the facility applied for may be approved by Reserve Bank. |
| | | | | ........................................................................... |
| | | Stamp | | (Signature of Applicant/Authorised Official) |
| | | | Name: | ................................................................ |
| | | | | Designation: | ....................................................... |
Date : | .................... | | | | Name and Address | ............................................. |
| | | | | of Authorised Dealer | .......................................... |