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Reserve Bank of India (RBI) has allowed NRIs to invest in Indian stock market by buying shares/convertibles of listed Indian companies on recognized stock exchanges, e.g. BSE and NSE, under Portfolio Investment Scheme (PIS) with banks. For NRI investment, there are myriads of opportunities available in the Indian markets.

To start with, a Non Resident Indian (NRI) must have an NRE bank account. Anon-resident (external) rupee account (NRE) account is preferable because it gives NRIs the flexibility of repatriating their earnings out of India without any constraint. Financial experts also suggest NRE accounts to those who are not sure about their stay in overseas and their chances of them settling abroad.

For those who’re looking to invest in mutual funds, there are various options available in Indian banks; both private and public, offering different investment options. As mutual funds provide a high level of diversification and liquidity, investment in mutual funds in India is the most preferred way to keep the money earned or acquired in India before and after becoming an NRI. In addition, mutual funds investment is an easy to use tool in today’s complex financial markets.

Most of these funds are managed by experienced and knowledgeable professionals who analyze the most profitable investment avenues for investors. These funds provide investors a high degree of flexibility with features such as systematic investment plans. Furthermore, mutual funds can be purchased in small units and the diversification warrants lower risk.

A NRI can expect a smoother journey towards his or her investment in the Indian markets through focused NRI portfolio management. A dedicated relationship manager will be assigned to the investor who can seek to get full-fledge investment assistance in various securities.

NRIs from most countries can choose to invest in India through MFs available here. For US-based NRIs though, it gets a bit complicated.Most US-based fund houses that operate in India do not accept money from a US-based NRI because there is a rule given by the US securities market regulator, Securities and Exchange Commission (SEC), which says only those fund houses, globally or locally, registered with SEC can accept US NRI or citizen’s money.

However, there are other options also available. For example, an NRI can consult some Indian fund houses that don’t have any business interests in the US and therefore no interaction with the SEC.

At the outset, there are tons of NRI investment options available in India that can be explored by interested investors.

There is no end to a person’s desire.

People are always on the lookout for commodities that can make their lives simpler. And most of the people aren’t blessed with money, so they opt for loans.

Today, buying a car is easy because of lenders. In order to get approved for an auto loan, you need to provide them with financial information such as:

>>Your income,

>>FICO score,

>>Current loans, etc.

Once a lender analyzes your situation, he will approve you for an auto loan. But, what if you have an extensive history of late payments and excessive debt? Then, he will consider you as a subprime car buyer.

According to the Federal Reserve Bank of New York, the total auto loan amount for the last quarter of 2015 was $ 1.1 trillion. Out of the total auto loan amount, 22% was provided to the subprime car buyers. And, with the rising delinquencies, subprime car buyers pose a threat to lenders’ investment. So, lenders charge subprime car buyers with high interest rates in order to secure the principle amount as early as possible. High interest rates put a subprime car buyer in a considerable dilemma of whether he should apply for an auto loan or not.

What should a Subprime Car Buyer do?

If you are a subprime car buyer, you must not be hasty in obtaining an auto loan. Try to improve your creditworthiness. Once you see a considerable improvement in your financial situation, apply for the loan. Here a few tips to help you improve your chances of getting an auto loan:

1. Never Hurry

Lenders are unwilling to pay for your car because of your credit history. So if you hurry, they might reject your loan application. Also, there are chances that they may approve you for a small loan amount and charge a very high interest rate for it.

2. Try to manage your Current Debt

Take some time to improve your creditworthiness by managing your current debt. You can pay off a few of your debts to reduce the DTI ratio.

3. Restructure Your Image at Your Office

It is an indirect way of consolidating your image before the lenders. When you apply for an auto loan, they will scrutinize every detail mentioned in the loan application. If they contact your office to find out more about you, it is necessary that your employers provide them with a positive review. So, it is important to restructure your image at the office.

4. Find a Decent Cosigner

Try to find a cosigner with a good credit history. It will increase the strength of your loan application. Also, it will enable you to get an auto loan quickly.

5. Get Pre-Approval on Auto Loans

Getting pre-approval on auto loans can be the most beneficial thing for you. You can get your loan application assessed before visiting the dealer. It will allow you to know your financial situation clearly and help you in making a wise car buying decision.

6. Try New Lenders

Always look for new lenders. They are looking for people to lend money and establish themselves in the market. But, conduct adequate research before submitting your loan application to a new lender.

7. Keep a check on your Salary

Salary acts as the deciding factor for getting a loan, so keep a close watch on it. Also, work hard in order to get a raise from time to time.

8. Arrange a Large Sum of Money for the Down Payment

It is seen that lenders are reluctant to offer money to subprime car buyers. It is possible that they may approve you for a low amount. So, try to arrange as much money as possible for the down payment. It will help you buy a car quickly and reduce your debtas well.

A subprime car buyer can get an auto loan. But, remember that the lenders are going to charge you with high interest rates. So, it is better to establish yourself as a decent borrower and then apply for an auto loan.