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DCB Bank Personal Loan Highlights |
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| Interest rate | As per Applicant Profile |
| Loan Amount | Up to Rs. 5 lakh |
| Eligible Applicant Category | Salaried Individuals |
| Eligible Applicant Age | 25 years to 60 years |
| Processing Fees | Up to 3% of loan sanctioned |
| Loan Tenure | Up to 60 months |
Features of DCB Bank Personal Loan
The following are some key features of a DCB Bank personal loan:
| Loan Amount | Minimum: Rs. 1 lakh
Maximum: Rs. 5 lakh |
| Repayment Tenure | 1 year to 5 years |
| Collateral | Not Required |
| Mode of Repayment | You can pay the loan EMIs via Electronic Clearance System (ECS), Standing Instruction (SI), National Automated Clearing House (NACH) or Post Dated Cheques (PDC)s. |
DCB Bank Personal Loan Interest Rates
DCB Bank offers competitive personal loan interest rates that vary from applicant to applicant depending on the profile and the desired loan parameters. Key factors which may affect the interest rate applicable to a personal loan are:
- Monthly income,
- Repayment history and credit score,
- Amount of monthly fixed obligations, and
- Credit utilization ratio.
Comparison of DCB Bank Personal Loan v/s Other Lenders
| Banks/NBFCs | Interest Rates(p.a.) | |
| Axis Bank | 11.25% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.99% onwards | Apply Now |
| HDFC Bank | 10.85% onwards | Apply Now |
| ICICI Bank | 10.85% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| Tata Capital | 11.99% onwards | Apply Now |
| Federal Bank | 12.00% onwards | Apply Now |
| DMI Finance | Up to 28% | Apply Now |
| L&T Finance | 12.00% onwards | Apply Now |
| Kreditbee | 16.00% - 29.95% | Apply Now |
| MoneyTap | 13.00% onwards | Apply Now |
| Piramal Finance | 12.70% onwards | Apply Now |
| Aditya Birla | 10.99% onwards | Apply Now |
| Moneyview | 14%-36% | Apply Now |
| Cashe | 27.00% onwards | Apply Now |
EMI Calculation
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Personal Loan at Attractive Interest Rates Apply Now
Eligibility Criteria for DCB Bank Personal Loan
- You should be a salaried employee of a private/ public limited company, government entity, multinational corporation (MNC), or a reputed partnership firm.
- You should be at least 25 years old at the time of loan application and not more than 60 years old at the time of loan maturity.
- You should have an employment track record of at least past 3 years.
- You need to provide 2 references to get a personal loan from DCB Bank. These references can come from colleagues or friends, but not from blood relatives or residents at the same address.
Documents Required for Personal Loan Application
Following is the list of key documents generally required when applying for a personal loan:
- Proof of Identity: Aadhaar Card, Voter ID, Driving License, Passport, etc.
- Proof of Address: Latest Utility Bill (Electricity/ Telephone bill), Bank Passbook, etc.
- Proof of Income: Salary Slips, Bank Account Statement, Form 16, etc.
Processing Fees and Other Charges
The following are key fees and charges associated with a personal loan from DCB Bank:
| Particulars | Charges* |
| Processing Fee (Non Refundable) | Up to 3% of the personal loan amount. |
| Prepayment Charges | Up to 5% of the principal outstanding. |
| Collection Charges (Applicable in cases of default) | Rs. 100 per call and Rs. 250 per visit made to recover the loan dues. |
| Penal Interest | 3% per month of the overdue amount on account of delay in payment of interest/ principal. |
| Cheque /ECS Swap Charge | Rs. 500 per event. |
| Cheque Bounce Charge | Rs. 500 per event. |
*Additional taxes may apply. Moreover the Bank can change the charges without prior notice.
DCB Bank Personal Loan Customer Care Number
The following are the different ways you can contact the customer care department of DCB Bank:
For Resident Indians
- Toll-free Customer Care Numbers: 1800 123 5363 / 1800 209 5363
- Email for Loan account queries : loans@dcbbank.com
For NRIs
- Customer Care Number: 91 22 61271000
- Toll-free Numbers (India): 1800 123 5363 / 1800 209 5363
- Email: nri@dcbbank.com
Alternatively, you can write to DCB Bank at the following address:
DCB Bank Limited,
P.O. Box No. 7643,
Malad (West),
Mumbai 400064, India.
Frequently Asked Questions (FAQs)
1. What is the turnaround time for DCB Bank personal loan?
Ans. DCB Bank generally takes 3-4 working days from the receipt of application form and documents to disburse the loan amount.
2. What are the minimum and maximum personal loan amounts offered by DCB Bank?
Ans. DCB Bank offers a minimum of Rs. 1 lakh and a maximum of Rs. 5 lakh as a personal loan.
3. How much does DCB Bank charge as processing fee on personal loans?
Ans. DCB Bank charges 2-3% of the personal loan amount as processing fee. The exact processing fee is communicated to the applicant through the personal loan agreement.
4. Can I foreclose my personal loan account with DCB Bank?
Ans. Yes, you can foreclose your personal loan account with DCB Bank after completing payment of at least 12 EMIs. Foreclosure charges at the applicable rate as mentioned in the loan agreement will be applicable.
5. What is the maximum repayment tenure offered on DCB Bank personal loan?
Ans. DCB Bank allows a maximum of 5-year repayment tenure on personal loans.
6. What is the interest rate for DCB Bank personal loan?
Ans. The interest rate on DCB Bank personal loan is not fixed, and depends on your profile and bank’s discretion.
7. What are the prepayment charges for DCB Bank personal loan?
Ans. The prepayment charges on DCB Bank personal loan correspond to 5% of the outstanding principal.
8. How can I calculate the EMIs for my personal loan taken from DCB Bank?
Ans. You can use Paisabazaar personal loan EMI calculator to know the EMIs of your personal loan taken from DCB Bank.
9. What is the toll-free customer care number of DCB Bank?
Ans. The toll-free customer care numbers of DCB Bank are 1800-123-5363 and 1800-209-5363.
10. Do I need collateral to avail a personal loan from DCB Bank?
Ans. No, you don’t need to pledge any collateral or security to avail a personal loan from DCB Bank.