A resident Indian wish to get loan from london bank? is it legal or illegal?

Answers:2   |   LastUpdateAt:2012-08-26 07:53:18  

Question
porshae
Asked at 2012-08-07 23:17:02
A resident who lives in India India has applied loan online Bank of London thro ' . The bank also agreed to give loans bussiness . Is it legal or illegal?
Answer1madhuriAnswered at 2012-08-08 05:37:03
It's possible. However, you have to channel the loan amount through a bank of India and there will be some additional interest rate above the interest charged by the Bank of London under the Rules of Reserve Bank .
Answer2BioBabeAnswered at 2012-08-26 07:53:18
As an aspiring entrepreneur has to make the road ahead will be tough . While one of the hardest things to do to start your small business is to get the financing you need to start . Most small business owners are fortunate enough to have sufficient resources , as surplus funds in their savings accounts to start their business . But for most business owners like you and me, need a little help and assistance. MedlinePlus MedlinePlus MedlinePlus http://www.worldbestloans.com/businessloans.htm MedlinePlus With the recent recession and the economy heading towards a downward spiral for the loan you need to start your small business is going to be a very difficult road for you . But thanks to Uncle Sam is not a better option out there for you. The government will offer a small business grant loan. The benefits of getting a government grant is the fact that never has to be paid back unlike a normal loan from major banks such as Bank of America, Wells Fargo etc
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