Please Note: Deutsche Bank is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.
Deutsche Bank is one of the leading investment banks that offers banking and financial services and operates a network of offices worldwide. Among various banking products offered, business loan remains the primary focus for the bank. The business loan interest rate offered by Deutsche Bank is default 24% per annum for all of its products, such as Business Instalment loans, Unsecured business loans and Eve Business loans. Further, mentioned is information related to the mentioned loan products.
Types of Business Loans from Deutsche Bank
a) Business Instalment Loan
Business Instalment Loan is provided at attractive interest rates and is offered to Small and Micro Enterprises (SMEs) engaged in processing, manufacturing and preservation of goods or rendering services.
Features & Eligibility
- Interest Rate: 24% per annum
- Loan Amount: Minimum Rs. 10 lakh and maximum up to Rs. 50 lakh
- Repayment Tenure: From 12 months to 36 months
- Collateral Free Loan
- Registered Micro / Small Enterprises, as per guidelines of RBI can only apply
- Key partner to be as a loan guarantor
- Minimum 3 years of business existence in same line
- Minimum 3 years of business operations in the same city
| Fees & Charges | |
| Processing Fees | 3% of the disbursed loan amount |
| Pre-payment charges | 5% of the principal outstanding (For fixed & floating rates, both) |
| Cheque/ECS/NACH Bounce | Rs. 500 per instance |
| Post-dated cheque, ECS, NACH Swap Charges | Rs. 500 per instance |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.
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b) Unsecured Business Loan
Unsecured business loans do not require collateral or security to be submitted and can be availed by traders, service providers, manufacturers, professionals and SMEs.
Features:
- Interest Rate: Depends on business requirements and applicant’s profile
- Loan Amount: Minimum Rs. 10 lakh and Maximum up to Rs. 50 lakh
- Repayment Tenure: Can be availed for 15 months, 24 months or 36 months
- Collateral: Not required
- Pre-payment Option: Allowed after 9 months from the date of loan disbursal
- Part payment: Not allowed
| Fees & Charges | |
| Processing Fees | 3% of the loan amount |
| Pre-payment charges | 5% of the principal outstanding (For fixed & floating rates, both) |
| Cheque/ECS/NACH Bounce | Rs. 500 per instance |
| Post-dated cheque, ECS, NACH Swap Charges | Rs. 500 per instance |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.
Documents required to apply for Business Instalment loan and Unsecured Business Loans are same as for Eva Business loan and are mentioned below in this article.
c) Eve Business Loan
At attractive interest rates, this loan is exclusively offered to women entrepreneurs engaged in micro and small businesses or are self-employed. This loan can be used for business expansion purposes, buying equipment or to meet working capital requirements.
Features
Interest Rate: 24% per annum
Loan Amount: Minimum Rs. 10 lakh and maximum up to Rs. 50 lakh
Repayment Tenure: From 15 months to 36 months
Eligibility
- Registered Micro, Small Enterprise (MSEs) as per the guidelines of RBI
- Key partner to be as a loan guarantor
- Minimum 3 years of business existence in same line
- Minimum 3 years of business operations in the same city
| Fees & Charges | |
| Processing Fees | 3% of the loan amount |
| Pre-payment Charges | Nil |
| Credit Maintenance Fee | 0.85% of the loan amount and to be paid on monthly basis |
| Portfolio service charges | 1.5% of the loan amount and to be paid on monthly basis |
| Cheque/ECS/NACH Bounce | Rs. 500 per instance |
| Post-dated cheque, ECS, NACH Swap Charges | Rs. 500 per instance |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.
| Documents Required | |
|
Identity Proof |
PAN Card Valid Passport Voter’s ID Card Driving LicenseAadhar Card Job card issued by NREGA and signed by state government’s officer |
| Address Proof | Passport Driving License Voter’s ID Card Aadhar Card or Letter issued by the UIDAI Job card issued by NREGA and signed by state government’s officer |
| Signature Proof | PAN Card Valid Passport Driving Licence Banker’s Certificate |
| Age Proof | Valid Passport Voter’s ID Card PAN Card Birth Certificate Adhaar Card |
Note: Any one proof from each category will be sufficient
Additional Documents
- KYC documents of promoters, Key directors, Proprietor and Partners
- Last 2 years’ Profit & Loss Account, Balance Sheet and Tax Audit report (audited)
- Last 6 months’ bank statement
Toll Free No: 1860-266-6601
Customer Care Contact Address
Deutsche Bank AG,
PO Box 9095,
Mumbai – 400 063