Hi Experts,

I am working here in US on H-1 Visa since 2005. I have got very good credit history here. I would like to buy property in India and hence I am looking for a personal loan in US. The money I would get as personal loan would go for existing properties maintenance as well.

I have got couple of questions here:

1. Will I be eligible for personal loan here? Do I need to say that the amount , I will be sending to India and will be spent there for properties there.

2. What are the tax consequences in US?

Ni

1. For personal loan talk to your bank or a financial institution.
2. There is no tax consequence.