Deutsche Bank

Deutsche Bank Business Loan

Years

Apply Deutsche Bank Business Loan @ 16.5%
imozi

Interest Rate

16.5%-18%

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Processing fee

Upto 2%

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Loan Tenure upto

3 years

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EMI per Lakh

3,540

About Deutsche Bank Business Loan

Deutsche Bank is a Germany-based bank that has a worldwide presence. It has been catering to Indian clients for more than 30 years. Since the incorporation of its first branch in India in 1980, it has spread its wings in 16 cities. Deutsche Bank has approximately 13,000 dedicated employees to provide the best customer service to corporate, institutional, and individual clients. Apart from these 16 city branches, Deutsche Bank has Global Delivery Centres in Mumbai, Pune, Bengaluru, and Jaipur.

Deutsche Bank offers different types of Business Loans to cater to all sectors of society. Deutsche Bank believes that finance should never prove to be a hurdle in the way of progress. The unsecured Business Loan product offered by Deutsche Bank is a popular one, as it allows business concerns to fulfil their financial desires. Apart from financing working capital requirements of business entities, Deutsche Bank offers Business Instalment loans for procuring fixed assets and other business needs. It has a separate product that caters to women entrepreneurs alone. Besides providing unsecured Business Loans Deutsche Bank also provides Loan Against Property for business needs.

Why Choose Deutsche Bank Business Loan?

Deutsche Bank caters to a vast clientele ranging from small entrepreneurs to large multi-national corporate entities. Easy and collateral-free loans are available to the small and micro enterprises in the manufacturing and service sectors. These Business Loans are available at attractive interest rates with easy documentation. Deutsche Bank provides Business Loans to start-up enterprises as well as established business concerns. Deutsche Bank Business Loans are available for a range of purposes such as meeting working capital requirements, funding fixed assets, expansion of businesses, and meet every business requirement across all sectors.

Deutsche Bank Business Loan - Features and Benefits

Deutsche Bank Business Loans come with attractive features:

  • Collateral-free loans available for small and micro enterprises in the manufacturing and services sectors.
  • Relaxed eligibility norms and quick processing
  • Flexible loan repayment tenure
  • Straightforward documentation procedure
  • Loans available for various purposes such as meeting working capital requirements, purchasing fixed assets or equipment for business use, expansion of existing business
  • Collateral-free loans in the range of 10 Lakhs to 50 Lakhs
  • Export finance facilities available
  • Non-fund based requirements like LC and BG
  • Unique loan product for women entrepreneurs

Deutsche Bank Business Loan Interest Rates

Deutsche Bank interest rates depend on various factors such as customer profile, the purpose of the loan, availability of collateral, credit rating, and many others. The bank assigns ratings to borrowers depending on their profile.

The following factors can affect the evaluation of the borrowers:

  • Financial viability of the business model
  • Managerial competence of the business concern
  • Level of competition in the industry
  • Industry level performance of the business entity
  • Annual turnover and overall growth
  • Provision of margins
  • Financial ratios

The default interest rate for all Business Loan products is 24% per annum.

Types of Deutsche Bank Business Loans and Eligibility Criteria

Following are the Business Loans schemes offered by Deutsche Bank with their features and eligibility criteria:

Loan Product Eligibility criteria and other features

Unsecured Business Loan (SMS UNSEC to 561615)

  • The business enterprise should be in existence for a minimum of 5 years in the same line of business. Besides, the entity should be operating in the same city for 5 years to classify as a Business Vintage Customer.
  • Minimum and maximum loan amount is 10 Lakhs and 50 Lakhs respectively.
  • Submit financial statements for the last 2 years
  • Statement of bank account for the previous 6 months is compulsory
  • KYC documents
  • Rate of interest depends on the subjective ratings assigned by the bank
  • Purpose of the loan: To meet all kinds of business expenses including working capital.
  • Collateral: No stipulation of guarantee

Business Instalment Loan

(SMS BIL to 561615)

  • Purpose: To achieve long term or short term working capital needs, purchase of machinery/equipment, and other business purposes such as an expansion of business.
  • Loan amount: 10 Lakhs to 50 Lakhs
  • Repayment tenure: 12 months to 36 months
  • Rate of interest: Flexible rates depending on internal ratings
  • Collateral: No collateral requirement
  • Eligibility: Small and micro enterprises engaged in manufacturing activities, process, preservation of goods, and the service sector.
  • Documents: KYC documents and financials
  • Other conditions:
    • Applicants must qualify as SME as per RBI norms
    • To be eligible as Business Vintage Customer, the applicant should operate in the same city for three years in a similar line of business.
    • A vital partner of the firm/enterprise should stand as guarantor to the loan.

Eve's Business Loan

  • Specially designed for women entrepreneurs, Self-employed or running a micro/small business.
  • Purpose of loan: Meet working capital needs, purchase equipment for business, or cater to other business requirements.
  • Loan amount: Between 10 Lakhs and 50 Lakhs
  • Get the benefit of performance and relationship-based discounts
  • Borrowers get the advantage of health checkup and group mediclaim policy at discounted rates.
  • KYC documents and financials
  • Other conditions:
    • Satisfy RBI norms regarding SME classification
    • Personal guarantee of critical partner/entrepreneur is necessary
    • Must be active in the same line of business and operate in the same city to qualify as a Business Vintage Customer.

Loan against Property for Business Purposes

(SMS PROP to 561615)

  • Purpose of the loan is to meet business requirements
  • Residential or commercial property can be offered as collateral
  • The maximum amount of loan depends on the value of the property. For residential properties, the maximum amount of loan is 15 Crores, and for commercial property, it is 5 Crores.
  • Residential property should be self-occupied or rented out. Property in joint names with minors/HUF/trusts is not acceptable.
  • Commercial property should be occupied office premises or shop
  • Loans available to purchase commercial property or shop
  • The repayment tenure is between 5 and 15 years
  • Property insurance facilities available

Magnus Working Capital Finance

SMS MAGNUS to 561615

  • Purpose: Meet working capital requirements and meet cash flow requirements.
  • Eligible borrowers: Small as well as big business enterprises
  • Facilities: A range of credit facilities like an overdraft, bill discounting, buyer's credit, LC, BG, Forward Contracts, and Forex options
  • Short-term working capital finance facilities secured by acceptable securities.
  • Avail working capital facilities by offering property as collateral
  • Loans also available against liquid securities
  • Export facilities:
    • Export Finance in the form of pre-shipment or post-shipment in Indian Rupee @ LIBOR (London Inter Bank Offered Rate)
    • Export Bills accepted for sending on collection basis
      • Confirming LCs
  • Import facilities :
    • Buyer's credit financing through offshore branches of Deutsche Bank @ LIBOR
    • Prompt handling of import bills
    • Issue Import LC
    • Issue BG and Standby Letter of Credit

Documents Required Deutsche Bank Business Loan

The documents needed for Deutsche Bank Business Loans are as follows.

KYC Documents

Applicants should submit KYC documents for individual promoters, proprietors, partners, and directors. Providing any one of the documents from among the options in each category should suffice.

Identity Proof

  • PAN Card
  • Valid Passport
  • Voter ID Card
  • Valid Driving Licence
  • Aadhar Card
  • Job card issued by NREGA

Address Proof

Same as those listed above

Signature Proof

  • Valid Passport
  • PAN card
  • Driving Licence
  • Banker's certificate

Age Proof

Besides the documents listed in the ID proof segment, the birth certificate is also acceptable as proof of age.

  • Apart from KYC documents of individuals, the business enterprise should also submit the respective documents to prove the existence of the firm.
  • Partnership firms should submit a copy of their partnership deed along with KYC details of the business entity such as PAN Card and address proof.
  • Companies need to provide documents like Articles of Association, Memorandum of Association, Certificate of incorporation, Board Resolution, list of directors.

Financial Documents

Deutsche Bank requires the following audited financial documents for the last 2 years:

  • Balance Sheet
  • Profit and Loss Statement
  • Tax Audit Report
  • Computation of Income
  • In the case of companies, the director's report is also necessary

Apart from these financial documents, the applicants have to submit the statement of the principal bank account of the business entity. 

Why Apply for Deutsche Bank Business Loan on MyMoneyMantra?

Deutsche Bank follows a specific procedure for processing Business Loans. Business entities can find it a challenge to understand the eligibility and documentation formalities. MyMoneyMantra can help them in this regard by simplifying the process. As you log in to our website, you can access the Business Loan products of more than 90 financial institutions. It gives you a good idea about the products on offer. Our representatives are available to help you out with the documentation process. Our online EMI Calculator can also prove helpful to the applicants.

How to Apply for Deutsche Bank Business Loan?

Online application: Deutsche Bank has facility to apply for a Business Loan online on its official website.

Phone: Deutsche Bank maintains a toll-free number, 1860-266-6601 that applicants in India can dial to apply for Business Loans.

SMS: Sending an SMS to 561615 to apply for the various Business Loan products offered by Deutsche Bank is possible.

  • Unsecured Business Loan - SMS UNSEC to 561615
  • Business Instalment Loan - SMS BIL to 561615
  • Loan against property for business purposes - SMS PROP to 561615
  • Working Capital Finance - SMS MAGNUS to 561615

How to Apply for Deutsche Bank Business Loan on MyMoneyMantra?

MyMoneyMantra makes it easy for business entities to apply for Business Loans from Deutsche Bank.

  • Visit our website and access the Business Loan tab on the menu bar
  • The next couple of steps require you to provide necessary details that help to determine your customer profile.
  • We seek the details of your mobile number to verify the genuineness of the application by sending an OTP.
  • On entering the OTP at the appropriate location, you can access the best matching loan offers of more than 90 financial institutions.
  • Choose Deutsche Bank Business Loan and proceed to apply for the Business Loan
  • Our customer service executives help you in completing the documentation formalities while explaining the loan procedure.

Other Products by Deutsche Bank

Apart from Business Loans, Deutsche Bank offers other loan products such as:

  • Home Loan
  • Loan Against Property
  • Personal Loan
  • Overdraft Against Fixed Deposits
  • Banking - Accounts, Deposits, Lockers, Debit Cards
  • NRI Banking
  • Investment
  • Insurance
  • Business Banking

How to Calculate Deutsche Business Loan EMI?

Deutsche Bank has an EMI Calculator on its website. Users can access this web page to determine their EMI by entering the loan amount, rate of interest, and loan tenure.

Use MyMoneyMantra Business Loan EMI Calculator

MyMoneyMantra provides the facility of EMI Calculator on their Financial Tools option on the menu bar of their official website. On furnishing information about the loan amount, rate of interest, and repayment tenure, this EMI Calculator displays the EMI and the amortisation schedule. Use this calculator to verify the EMI stipulated by the bank.

There are other calculators such as Balance Transfer Calculator, Prepayment Amount Calculator, and options to know how soon you can pay the loan.

Deutsche Bank - Service Charges and Foreclosure charges for Business Loans

Type of Charge

Applicable Charges

Unsecured Business Loan

Business Instalment Loan

Eve Business Loan

Documentation and Processing Fee

Up to 3% of the disbursed amount

Credit Maintenance Fee

Not Applicable

1% of the disbursed amount payable monthly

0.85% of the disbursed amount payable monthly

Portfolio Service Charges

Not Applicable

1.5% of the disbursed amount to be paid monthly

1.5% of loan amount disbursed to be paid monthly

Loan Prepayment terms

  • 5% of the principal outstanding amount at foreclosure
  • No part payment
  • Prepayment allowed after 9 months
  • No prepayment charges
  • No part payment
  • Prepayment allowed only after nine months from date of disbursal of loan

Fees for unsuccessful repayment

500 on each occasion of dishonour of PDC, ECS, or NACH

Default Interest Rate

24% per annum

Stamp Duty on Loan agreement

Depending on local regulations

PDC/ECS/NACH swap charges

500 for every swap

Other taxes and Government levies

As applicable

Schedule of charges for Loan against property for business purposes

Type of Charge Applicable Charges

Administration fee

Up to 2% of loan disbursed

Charges for unsuccessful repayment

500 for each dishonour of PDC, ECS, or NACH

Re-pricing fee/Switch fee

Up to 0.5% of the principal outstanding amount

Transaction fee

500 whenever the customer initiates EMI or requests for a change in the tenure

Default interest rate

24% p.a.

Stamp Duty charges

Depending on the local regulations and type of mortgage

Repayment method swap charges

500 for each swap

Government levies and other taxes

As applicable from time to time

Document retrieval fee

500

Loan prepayment terms

Loans at a fixed rate of interest:

  • Part payment charges: 4% of the amount prepaid
  • Pre-closure costs: 4% of the outstanding amount

 

Loans at a Floating rate of interest:

  • No part payment or prepayment charges for individual borrowers

For non-individual borrowers:

  • Up to 25% of outstanding loan amount every year: No fees
  • Part payment above 25% every year as follows:
    • Up to 3 years from disbursal date: 4% of excess amount over 25%
    • More than 3 years from disbursal date: 2% of excess amount over 25%
  • Pre-closure charges: Applicable on all loan accounts where there is no part payment
    • Up to 3 years from the day of disbursal: 4%
    • More than 3 years: 2%


Schedule of Charges for Magnus Small Business Overdraft facility

Type of Charges Applicable Amount

Default interest rate

24% p.a.

Credit maintenance fee

An annual fee amounting to 1% of the sanctioned limit

Processing and documentation fees

2% of the approved loan limit

Facility renewal fee

2% of the authorized limit

Non-utilisation fee

If the quarterly utilisation of the limit is less than 65% of the drawing power, a non-utilisation fee of 2% becomes payable.

Penal charges for delayed or non-submission of contractual statements (stock statements or statement of book debts)

30 days grace period available after which the bank charges 10,000 per default.

CIBIL report issuance

50

Service Tax

As applicable

Stamp Duty

Depending on local regulations

No dues certificate

Free

Duplicate statement issuance

500

Annual account statement

Free

Schedule of Charges for Magnus - Working capital finance facility related

Types of Charges Applicable Amount

Penal interest for delayed repayment or using the facility for non-specified purpose

18% per annum

Non-compliance of facility terms and conditions

A penalty of 10,000 per instance and an increase in the rate of interest by 0.5%

Prepayment or closure

2% of the sanctioned limits

Any external agency charges for outsourced activities like stock or property valuation

As per actual

Non-trade outward remittance

600

Foreign currency cheque collection

0.50% with a minimum of 150 and a maximum of 2,500

Forward contract booking/amendments/cancellation

1,000 per transaction

Deutsche Bank Business Loan Customer Care

Email: Customers can send their feedback or register complaints online by visiting the Customer Feedback page on the home page of Deutsche Bank. Customers should note to send their emails from the registered email address with the bank. Due to security reasons, Deutsche Bank will not respond to customer queries from unregistered email ids. Customers have the option of registering and updating their email addresses with Deutsche Bank.

Post: Customers can also use the regular mail to correspond with Deutsche Bank at the following address. It is necessary for customers to quote their Deutsche Bank account number in all the correspondence they do with the bank. 

Customer Care - Banking

Deutsche Bank AG,

PO Box 9095

Mumbai - 400063

Phone: It is also possible to contact the 24X7 phone banking team of Deutsche Bank at 1860-266-6601.

Deutsche Bank Business Loan FAQs

Can a start-up firm avail an unsecured Business Loan from Deutsche Bank?

No, the eligibility criteria for unsecured Business Loans do not permit start-up enterprises to avail unsecured Deutsche Bank Business Loan. The business should be in existence for a minimum of five years in the same city. Besides, the eligibility norms require the submission of audited financial statements of two years.

Is part payment allowed in Deutsche Bank Business Loan?

No, Deutsche Bank does not accept part payment of a Business Loan. It allows borrowers to foreclose the loan after nine months from the date of disbursal.

Does Deutsche Bank grant SME loans under CGTMSE guarantee?

Yes, Deutsche Bank is one of the five foreign banks in India that are member lending institutions recognised by CGTMSE. Hence, it approves SME loans under CGTMSE guarantee as per the norms stipulated by the Government of India. 

Is it beneficial to have a Deutsche Bank current account when availing a Business Loan?

Yes, it is beneficial because you can issue standing instructions for repaying your loan instalments. This facility ensures that you do not miss out on the repayment of your loan.

Does Deutsche Bank offer doorstep delivery of cash and cheques?

Yes, Deutsche Bank offers attractive customer-friendly facilities like doorstep delivery of cash or DDs. Customers can also use the cheque pick up facility to deposit cheques into their account without visiting the bank.

Is it possible to track your loan application with Deutsche Bank online?

Deutsche Bank offers the facility to track your loan applications online. Users have to enter the application serial number, PAN, and a verification code to get the status of their loan applications.

Is any guarantee required for Deutsche Bank Business Loans?

Yes, the personal guarantee of the key partner/director/entrepreneur is necessary for Business Instalment Loan and Eve Business Loan.

Does Deutsche Bank offer insurance facilities?

No, Deutsche Bank does not offer insurance facilities on its own. It has a tie-up arrangement with Aditya Birla Sun Life Insurance for life insurance policies. Similarly, HDFC Ergo General Insurance Company offers non-life insurance for Deutsche Bank customers. On the health insurance front, Deutsche Bank has arrangements with Max Bupa Health Insurance and Aditya Birla Health Insurance.  

How can I contact MyMoneyMantra for Deutsche Bank Business Loan?

Business Loan applicants can contact MyMoneyMantra in three ways:

  • Online: Our official website allows applicants to submit their loan application through our portal
  • Phone: It is possible to contact our customer service executives at 1800-104-4004 and seek guidance.
  • Email: Contacting us through email is easy at contactus@myoneymantra.com

What are the benefits that accrue to me when I use MyMoneyMantra to apply for Deutsche Bank Business Loan?

You get the benefit of comparing various Business Loan products offered by more than 90 financial institutions. Our customer service executives can help you with the loan application process. We offer our services free of charge to our clients. 

Latest News and Snippets - Deutsche Bank

Now refer a customer to Deutsche Bank and get rewarded

Deutsche Bank has a unique referral programme where existing customers can get attractive gifts. This programme seeks referrals for home loans, loans against property, working capital finance, and Business Loans. The referrer stands to receive gifts like tablets, smartphones, and laptops, depending on the volume of business they provide to Deutsche Bank.

Deutsche Bank has announced its Marginal Cost of Funds based Lending Rate (MCLR) with effect from 07 June 2019.

With effect from 07 June 2019, the MCLR of Deutsche Bank is as follows:

  • Overnight MCLR - 8.15%
  • One-month MCLR - 8.60%
  • Three-month MCLR - 9.60%
  • Six-month MCLR - 9.60%
  • One-year MCLR - 10.10%

The bank has also changed its Base Rate with effect from 24 April 2019. The present Base Rate of Deutsche Bank is 9.50%.

Deutsche Bank's mobile app, MyBank, gets the Red Dot Award.

MyBank, Deutsche Bank's mobile application has won the Red Dot Award Communication Design 2018 for its excellent and friendly user interface and user experience. More than 8600 entries from over 45 countries were in the fray this year. This mobile app has more than 70 features to provide an unforgettable user experience. This app had already won the CSO100 award for application security earlier in 2018.

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