LOV 2
- Document type
- Other
- Dated
- Category
- Documents & Forms
Application for permission to grant loans and overdrafts to foreign nationals for personal purposes
LOV 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 |
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2. | (i) | Nature of employment/profession/ occupation/business in India | (i) |
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| (ii) | Number & date of Reserve Banks approval | (ii) |
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3 | Amount of loan/overdraft |
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4. | Details of securities pledged or guarantee given |
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5. | Purpose of loan/overdraft |
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6. | Period for which loan/overdraft is required |
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7. | Source of funds from which loan/overdraft will be liquidated |
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8. | Length of time since when facility has been in existence |
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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 |
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10. | Details of similar facilities availed of by the borrower and members of his family with any other authorised dealer in foreign exchange |
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11. | Any other relevant information |
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| 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. | |
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| ........................................................................... | ||||
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| Stamp |
| (Signature of Applicant/Authorised Official) | ||||
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| Name: | ................................................................ | ||||
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| Designation: | ....................................................... | |||
Date : | .................... |
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| Name and Address | ............................................. | |||
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| of Authorised Dealer | .......................................... | |||