Single format · FV08-D13-2

Loan agreement, FEMA and tax clause bank for non-ECB cross-border loans

A single format from the Borrowing and Lending Outside ECB, NRIs, Relatives, Directors and Loans to Non-residents pack. FEMA 3(R)/2018-RB Regs 3A, 6(B)(vi), 7(B)(ii), 7(B)(iii) · ITA 2025.

Length
3 pages
Blanks to fill
29
Files
Word and PDF
Law stated to
16 September 2026

What it covers

  1. 1Loan agreement, FEMA and tax clause bank for non-ECB cross-border loansFEMA 3(R)/2018-RB Regs 3A, 6(B)(vi), 7(B)(ii), 7(B)(iii) · ITA 202529 blanks

Read the opening

The first part of the format, as it downloads. Blanks are highlighted.

Select the block for the transaction. Insert into a simple loan agreement executed on stamp paper as per the State Stamp Act.

Block A — Resident individual lends to NRI / OCI relative (Regulation 7(B)(iii); LRS)

  1. Relationship. The Borrower is the [brother / son / daughter / spouse / ___] of the Lender and a relative within section 2(77) of the Companies Act, 2013. The Borrower is [a Non-Resident Indian / an Overseas Citizen of India cardholder].

  2. Amount and LRS. The Loan of Rs [Loan amount (Rs)] is granted under the Liberalised Remittance Scheme. The Lender confirms that, together with all other remittances by the Lender in the financial year [20__-__], it does not exceed USD 250,000.

  3. No interest. The Loan is interest-free.

  4. Tenor. The Loan shall be repaid on or before [Date by which the loan is repaid], being not less than one year from the date of disbursement.

7 more paragraphs and tables follow in the full format.

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