how to transfer money from India to other countries to pay your loans

SK11 · Post by **SK11** » Thu Sep 08, 2011 9:22 am

Hi All,

I am currently in Singapore, and I am planning to R2I by November. I need some advise related to my existing loans and credit cards.

- I have some personal loans and also some credit card loans. However I am not in a position to close all of them before I leave Singapore.

What I wanted to check is if there is an option to transfer Money from India to Singapore or US. I am assuming the process would be same for any countries.
The other question I have is if there are any legal implications of leaving Singapore without closing your loans?
I need some advise very urgently as my move to India is in couple of months.

kkassociate · Post by **kkassociate** » Wed Sep 14, 2011 5:32 pm

Hi SK11,

You can transfer money from India to other countries through normal banking channels. To transfer the money you need to submit a certificate to the bank which states that the money you are looking to transfer in the certificate is a tax paid amount.

Professional similar to us do provide such services.

Regards,
KKA
US and India tax filers.
www.kkassociate.com