|Rate of Interest||Competitive rates|
|Minimum loan amount||Rs. 10 Lakhs|
|Maximum loan amount||Rs. 50 Lakhs|
|Repayment tenure||Up to 36 months|
|Processing fee||Up to 3% of the loan amount|
|Prepayment charges||Up to 5% of the outstanding balance|
|Age||23 - 65 years|
|Minimum business vintage||5 years|
Following are the Business Loans schemes offered by Deutsche Bank:
Unsecured Business Loan
This collateral-free business loan can be availed of to meet all kinds of business expenses, including working capital.
Business Instalment Loans
This business loan can be availed by small and micro enterprises engaged in manufacturing, processing, preservation of goods, or rendering services for expansion, working capital requirement and other business purposes.
Eve's Business Loan
This business loan is specially designed for women entrepreneurs, self-employed or running a micro/small business to meet their working capital needs, purchase equipment for business, or cater to other business requirements.
Loan against Property
It is a business loan against the mortgage of residential or commercial property to meet business requirements.
Emergency Credit Line Guarantee Scheme (ECLGS)
The ECLGS scheme was launched by the Government of India in view of the current COVID-19 crisis for providing 100% guarantee coverage for additional working capital term loans to the existing borrowers of the Bank (Business Enterprises and MSMEs).
Emergency credit line up to 20% of total outstanding as on 29 February 2020.
Deutsche Bank Business Loans come with attractive features:
Also check about Prime Minister Employment Generation Programme for start ups.
Business Loans offered by Deutsche Bank come loaded with the following benefits:
You can use MyMoneyMantra Business Loan EMI Calculator or EMI Calculator available on the website of Deutsche Bank. Get the EMI calculation by just entering the loan amount, rate of interest, and repayment tenure.
Here is an example to help you understand how it works:
Loan amount to be availed: Rs. 20 Lakhs
Applicable interest rate: 17% p.a.
Repayment tenure opted for: 3 years
In this case, the monthly EMI payable by you would be Rs. 71,305. The total interest amount to be paid would be Rs. 5,66,996. In total, you have to pay Rs. 25,66,996 to the bank.
In addition to the EMI, our EMI Calculator will also provide the complete amortization schedule of your loan payment.
The complete amortization schedule for the above example is:
Amount Paid by
Interest paid during
Principal paid during
|1||Rs. 20,00,000||Rs. 4,27,833||Rs. 1,60,694||Rs. 2,67,139||Rs. 17,32,861|
|2||Rs. 17,32,861||Rs. 8,55,665||Rs. 2,48,737||Rs. 6,06,928||Rs. 11,25,933|
|3||Rs. 11,25,933||Rs. 8,55,665||Rs. 1,37,128||Rs. 7,18,537||Rs. 4,07,396|
|4||Rs. 4,07,396||Rs. 4,27,833||Rs. 20,437||Rs. 4,07,396||Rs. 0|
The documents needed for Deutsche Bank Business Loans are as follows.
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.
· PAN Card
· Valid Passport
· Voter ID Card
· Valid Driving Licence
· Aadhar Card
· Job card issued by NREGA
|Address Proof||Same as those listed above|
· 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.|
Deutsche Bank requires the following audited financial documents for the last 2 years:
Apart from these financial documents, the applicants have to submit the 6 months’ statement of the main bank account of the business entity.
Following are the Business Loans schemes offered by Deutsche Bank with their features and eligibility criteria:
Unsecured Business Loan:
Business Instalment Loan:
A vital partner of the firm/enterprise should stand as guarantor to the loan.
Eve's Business Loan:
Loan against Property for Business Purposes:
|Types of charges||Quantum|
|Documentation & processing charges||Up to 3% of the disbursed amount|
|Foreclosure charges||Up to 5% of the principal outstanding|
|Credit maintenance fee||Up to 1% of the disbursed amount payable monthly|
|Portfolio service charges||Up to 1.5% of the disbursed amount to be paid monthly|
|Fees for unsuccessful repayment||Rs. 500 on each occasion of dishonour of PDC/ ECS/ NACH|
|Default interest rate||Up to 24% p.a.|
|PDC/ECS/NACH swap charges||Rs. 500 per swap|
|Duplicate statement issuance||Rs. 500|
|CIBIL report issuance||Rs. 50|
|Other taxes & government levies||As applicable|
|Stamp duty on loan agreement||Depends on local regulations|
Visit our website and access the Business Loan tab on the menu bar.
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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.
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.
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.
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.
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.
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.
Yes, the personal guarantee of the key partner/director/entrepreneur is necessary for Business Instalment Loan and Eve Business Loan.