|Deutsche Bank Personal Loan Details Updated on|
|Loan Amount||Rs. 50,000 to Rs. 15 lakh|
|Loan Tenure||12 months to 48 months|
|Interest Rate||Up to 24% per annum|
|Processing Fee||Up to 2% of the loan amount|
Deutsche Bank Personal Loan allows you to avail finance for urgent financial needs. It offers minimal documentation, flexible terms, and quick approval. Existing customers of this bank can get access to up to Rs. 15 lakh depending on their eligibility for the loan. You can use the funds for child’s education, vacation, big-ticket purchases, medical emergency, and any other expenses. Salaried individuals/self-employed people with at least Rs. 25,000 and above per month as income can apply for the loan.
In this post, we will discuss Deutsche Bank Personal Loan features, eligibility criteria, interest rates, documents required, and FAQs.
Here are the Deutsche Bank Personal Loan features:
Here are the eligibility criteria:
The interest rate on a personal loan by Deutsche Bank is up to 24% per annum. But that is the maximum limit usually. The decision on the lending rate depends on the borrower’s credit score, income, loan amount, tenure, age, and other financial or professional details.
Here are the documents required for the loan application:
Here are the Deutsche Bank Personal Loan FAQs:
After submission of the supporting documents, the bank will verify the same. It shall approve the loan in a week, or 7 working days if all the documents are in place.
The loan is free of collateral. It is an unsecured type of loan, which you will receive on the basis of your credit score, disposable income, and other conditions.
You have to repay the loan in EMIs (Equated Monthly Instalments). It is possible to repay the loan through a debit from Deutsche Bank Account.
If your EMI is unpaid/delayed/overdue, then the penal interest rate per annum is 24% on the outstanding amount payable.
Charge per instance for Cheque bounce/unsuccessful execution of ECS/Standing Instruction/NACH is Rs. 500. Charges for Post-dated cheques/NACH/SI Swap/ECS is Rs. 500. The non-refundable administration fee is up to 2% of the loan amount.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Deutsche Bank.
I have a Personal Loan with Deutsche Bank. The loan disbursement was on time and document procedure was quick. I would say it was a satisfactory experience.
As I was holding a savings account with Deutsche bank they gave me personal loan for which the entire documentation process was very less. It was a quick disbursement procedure.
I had taken a personal loan in Delhi and thankfully the amount I required was completely approved and disbursed. Excellent work.
K D Bakshi
No compromises, best personal loan in Delhi service by Deutsche bank.