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Frequently Asked Questions
SEND MONEY TO INDIA
How much money can I send from USA to India without tax implications?
For tax free transaction, you can send max $14000 US Dollar annually per person to India. For any amount above $14000 USD, sender is liable to pay gift taxes in USA. If you transfer money to your own NRE account in India, then there is no sending limit. You can send any amount of Dollars without tax implications.
How do I pay my education loan completely at home (India) after I started earning in USA?
Generally, Interest rates for Indian education loans ranges between 10-15%, but interest rates for personal loans in USA ranges between 6-15% based on credit history. So you can compare these two interest rates and if you see big difference between them, you can take personal loan(without any collateral property) in USA and pay off Indian Educational loan (and get your collateral property papers back with you from bank).
There are some lenders (whose major target customers are International students/H1B work visa holders/any other temporary work visas) available in USA which provides different types of loan options without credit history as well.
