DBS Bank Business Loan

DBS Bank is a multinational banking and financial services company that operates and manages baking operations in India, as well as in other priority markets located in countries like Singapore, Hong Kong, China, Indonesia and Taiwan. DBS bank specialises in providing Business/SME loans and working capital loans to its customers at a competitive interest rate that starts from 13.05% onwards with flexible repayment options.

DBS Bank Business Loan 

DBS Bank Business Loan – Highlights
Interest Rate – Secured loan	13.05% p.a. onwards
Interest Rate – Unsecured loan	14.05% p.a. onwards
Loan Amount	Depends on factors like income profile, product type, creditworthiness, linkage to CGTMSE scheme and repayment capacity
Collateral	Not required for loan amount up to Rs. 10 lakh
Processing Fee	Nil, up to loan amount of Rs. 5 lakh
Loan Disbursal	Within 2 working days after loan approval
Dedicated Relationship Manager	Available

Note: The above mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.

Time Limit for Loans in MSE Segment

Micro and Small Enterprises (MSE) Segment

Below mentioned are the timelines for application approval time process or duration for the Micro and Small Enterprises (MSEs) segment:

• Credit limits or enhancement in existing credit limit up to Rs 5 lakh within 2 weeks
• Credit limits or enhancement in existing credit limit above Rs 5 lakh and up to Rs 25 lakh within 4 weeks
• Credit limits or enhancement in existing credit limit above Rs 25 lakh within 8 weeks

For other loans

For Tenor of facility up to 1 year	30 days
For Tenor of facility beyond 1 year	Project Loan: 60 days Non Project Loan: 45 days

DBS bank is a registered Member Lending Institution (MLI) under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme (Credit Guarantee cover).

Fees & Charges
Processing Fee	4% of the loan amount + applicable taxes
Foreclosure Charges	Up to 5% of total sanctioned limit
Penal Interest	3% over the existing rate of interest
Commission on Letter of Credit	Up to 4% per annum commission shall be charged on pro-rata basis
Stamp Duty and other Statutory Charges	As per applicable law of the state
Pre-payment Charges	Nil, up to Rs. 50 lakh on fixed rate loans
Copy of Loan Documents	Nil

Note: The above mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.

Also Read: Most Successful Small Scale Business Ideas in India

Types of Loans offered by DBS Bank

• DBS Business Loan
• DBS SME Loan
• DBS Corporate Loan
• DBS Micro Loan
• DBS Working Capital Loan

 The important factors of MSEs that bank evaluates at the time of credit appraisal are as follows:

• Bank Statement analysis
• Business Type
• Business Tenure
• Credit Bureau
• Financial Forte
• Trade
• Other de-duplicate checks, etc.

FAQs

Q1. What is the interest rate offered for Secured and Unsecured business loans from DBS bank?
The interest rate offered for secured business loans is 13.05% p.a. onwards, whereas for unsecured loans it is 14.05% p.a. onwards.

Q2. What is the loan amount offered for SME and working capital loans from DBS bank?
The loan amount offered depends on the customer’s profile and business requirements.

Q3. Do I need to submit Collateral before availing business loans from DBS bank?
If the loan amount is Rs. 10 lakh of less, then collateral is not required by the bank.

Q4. What is the loan disbursal processing time at DBS bank?
The loan gets disbursed within 2 working days, after loan application approval.

Q5. What is the customer care number, if I want to share feedback or ask a query?
Below mentioned are the customer care numbers that you can call to ask or resolve any bank or loan-related issue:

Customer Care Numbers
1800-419-9500 / 1800-103-6500 / +91-44-6632-8000
Mon to Fri (10am to 7pm)