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Deutsche Bank Business Loan

Deutsche Bank
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Deutsche Bank is a renowned investment bank that provides banking and financial services. Among the different financial products available, the bank's core concentration is on business loans. Deutsche bank's default business loan interest rate is 24% per year for all of its products, including business installment loans, unsecured business loans, etc.

  • Deutsche Bank
  • Business Loan
Loan Amount:₹10L - ₹50L
Interest Rate:Up to 24%
Processing Fee: Up to 3%
Tenure:3 Years
Details
BanksInterest RateProcessing FeeLoan Amount/Tenure
Deutsche Bank

Up to 24%

Up to 3%

₹10L - ₹50L

Tenure(1 - 3 Years)

Details

Features & Benefits of Deutsche Bank Business Loan

The following are some of the benefits of a Deutsche bank business loan:

  • Small and micro-businesses in the industrial and service sectors can get loans with no collateral.
  • Eligibility requirements have been relaxed, and the application procedure has been quickened.
  • Loan payback terms are flexible.
  • The procedure for documentation is simple.
  • Loans are offered for a variety of objectives, including working capital, the purchase of fixed assets or equipment for business usage, and expansion.
  • Collateral-free loans range from 10 Lakhs to 50 Lakhs.
  • Export financing options are accessible.
  • Women entrepreneurs get the facility of special loan offers.

Deutsche Bank Business Loan Overview

Deutsche Bank is a renowned investment bank that provides banking and financial services. Among the different financial products available, the bank's core concentration is on business loans. Deutsche bank's default business loan interest rate is 24% per year for all of its products, including business installment loans, unsecured business loans, etc. 

Types of Business Loans Offered by Deutsche Bank

Deutsche Bank offers three types of business loans to meet customers' varied requirements. These are:

Eve Business Loan

Eve business loan is developed specifically for female entrepreneurs who are self-employed or own micro or small businesses. This loan can be used for starting a business, buying equipment or as operating capital.

Unsecured Business Loan

Unsecured business loans are a type of financing where the borrower is not required to submit any collateral to the bank. These unsecured business loans are based on an applicant's financial records, credit score, income, and other factors. Without submitting any collateral or security to the bank, an unsecured business loan can be used to establish a new firm or manage the business operations. 

Business Installment Loan

A business installment loan is used to meet long or short-term working capital requirements, such as for purchasing machinery/equipment.

Eligibility Criteria and Factors Affecting Deutsche Bank Business Loan

To avail of a business loan from Deutsche bank with utmost ease, you should meet the following Deutsche bank business loan eligibility criteria:

  • Applicants must adhere to RBI’s definition of Micro Enterprises and Small Enterprises.
  • Must specify the sole purpose for availing business loan (Working Capital/Business Expansion/Purchase of Machinery or Equipment).
  • Must have a Personal Guarantee. For this, the key partner will have to stand as a loan guarantor. 
  • The business must be operating for at least 3 years in the same domain.
  • Financial documents are inescapable, including audited financial statements.
  • Tax Audit report (last 2 years).
  • Bank Statement (last 6 months).

Let’s Go through an array of factors that affects the Deutsche Bank Business Loan Eligibility Criteria:

Credit Score     

The credit score history is the most crucial factor that determines loan eligibility. It is generally used to determine a borrower's eligibility. If an entrepreneur's CIBIL score is above 750, the lender will move forward with the loan application. However, if it is less than the requisite amount, the loan application will get rejected.

Business Performance     

The business performance helps in determining the company's income. It is a critical consideration because a business with little revenue will be unable to repay the loan. As a result, business loan eligibility is influenced by the financial and overall success of the company.

Collateral     

Most lenders count on collateral to lessen the risk of a business loan. They provide collateral loans, which require the borrower to pledge an asset as security for the loan. A company loan necessitates the use of collateral documents.

Deutsche Bank Business Loan Fees and Charges

Business loan fees and charges are a bit different for all three business products. The below-depicted tables represent the applicable fee and charges.

Business Installment Loan

Fees and Charges for Business Installment Loan
Processing Fees 3 percent of the principal loan amount
Pre-Payment Charges 5 percent of the outstanding loan amount, applicable on both fixed and floating interest rates.
Cheque/ECS/NACH Bounce INR 500
Post-dated cheque/NACH Swap Charges INR 500

Unsecured Business Loan

Fees and Charges for Unsecured Business Loan
Processing Fees 3 percent of the principal loan amount
Pre-Payment Charges 5 percent of the outstanding loan amount, applicable on both fixed and      floating interest rates
Cheque/ECS/NACH Bounce INR 500
Post-dated cheque/NACH Swap Charges INR 500

Eve Business Loan

Fees and Charges for Eve Business Loan
Processing Fees 3 percent of the principal loan amount
Pre-Payment Charges Not Applicable 
Credit Maintenance Fee 0.85 percent of the loan amount and has to be paid every month
Portfolio Service Charge 1.5 percent of the loan amount and      has to be paid every month 
Cheque/ECS/NACH Bounce INR 500
Post-Dated Cheque/ NACH Swap Charges INR 500

Deutsche Bank Business Loan Interest Rates

Deutsche Bank's rate of interest depends on certain factors, including financial profile, the sole purpose of the business loan, collateral, CIBIL score or credit rating, and much more.

The below-mentioned factors affect the overall evaluation process:

  • The business model's financial viability
  • The industry level of competition
  • The business entity's performance at the industry level
  • Overall growth and annual turnover
  • Ratio financiers

The default Deutsche bank business loan interest rate for all business loan products is 24 percent per annum.

Factors Affecting Deutsche Bank Business Loan Interest Rates

Certain factors play an essential role in determining the applicable interest rates. Following factors might result in increased or decreased business loan interest rates:

Nature of Business     

The type of business is the most important factor impacting the interest rate of your business loan. What type of business activity you are starting is best determined by your business creditworthiness. Your business should be of good quality, and the area where you conduct business should not be on any blacklists.

CIBIL Score     

Always keep in mind that a high CIBIL score might have a substantial impact on lenders. When you have a high CIBIL score, the lender will offer you a loan with the lowest interest rate. If your CIBIL score is low, the lender may charge you a higher interest rate or even reject your mortgage collateral.

Business Experience     

Yes, the company's expertise is important because a well-established commercial enterprise is more likely to be secure. If you run a business for a longer period of time, creditors may provide you with a business loan at a lower interest rate in order to help you expand.

Repayment History     

Your past repayment records are another key factor that influences business loan interest rates. If you constantly make your payments on time, you will be more likely to acquire a business loan at a lower rate of interest.

Documents Required for Deutsche Bank Business Loan

Following are the documents required for a Deutsche bank business loan regardless of the loan type:

Documents Required for Deutsche Bank Business loan
Identity Proof
  • PAN Card
  • Aadhaar Card
  • Passport
  • Voter ID 
  • Driving License
Address Proof
  • Passport
  • Voter Card
  • Driving License
  • Aadhar Card
  • UIDAI Issued letter 
Signature Proof
  • PAN Card
  • Banker’s Certificate
Age Proof
  • Birth Certificate
  • Aadhaar Card     

In addition, you will have to submit the following documents to avail of a business loan with utmost ease:

  • KYC documents (Promoters/ Directors/ Proprietor and Partners)
  • Profit and Loss Account Statement, Balance Sheet, Tax Audit report (last two years)
  • Bank statement (last six months)

How Does the EMI Calculation Work for Deutsche Bank Business Loan?

The business loan EMI calculator helps in calculating the monthly installment value. The Deutsche bank business loan EMI calculator makes calculating monthly EMIs simple and quick. To obtain the results, we must enter information such as the loan amount, interest rate, and loan tenure.     

Take a look at the sample below, which shows the EMIs and Interests for a business loan:

Loan Amount Interest Rate       Tenure (in months) Monthly Installment
Rs. 7,00,000 24% 12 months Rs. 66,192
Rs. 7,00,000 24% 24 months Rs. 37,010
Rs. 7,00,000 24% 36 months Rs. 27,463
Rs. 7,00,000 24% 48 months Rs. 22,821

How Does Deutsche Bank Compare with Other Lenders?

The following table reflects the latest business loan interest rates offered by other lenders together with the maximum loan amount and repayment tenure:

Lenders  Applicable Interest Rate Maximum Loan Amount  Repayment Tenure in Months
Kotak Mahindra Bank 14 percent onwards 75      lakhs 6 to 48 months
HDFC Bank Business Loan 16 percent onwards 50      lakhs 12 to 48 months
Axis Bank Business Loan 17 percent onwards 30      lakhs 12 to 36 months
ICICI Bank Business Loan 18 percent onwards 40      lakhs 6 to 48 months
IDFC First Bank Business Loan 20 percent onwards 90      lakhs 12 to 48 months

Deutsche Bank  - Postal Address and Customer Care Number

Customer Care - Banking Deutsche Bank AG, PO Box 9095 Mumbai - 400063

FAQs

From refinancing to reducing your interest, we have the answers right here.

Is part payment allowed in Deutsche Bank?

No, Deutsche bank does not allow part payment on a business loan. Although, you can count on foreclosure of the loan account after nine months from the disbursal date.

Does Deutsche Bank grant SME loans under CGTMSE guarantee

Yes, Deutsche Bank grants SME loans under the CGTMSE guarantee.

How can I speed up my loan approval?

To speed up your business loan approval, be prepared with the required loan documents such as bank statements, profit and loss account statements, business proof, and much more. 

What is loan foreclosure?

When a borrower decides to repay the outstanding loan amount in one go before the completion of loan tenure, it is termed foreclosure.

What is the interest rate of business loans in Deutsche Bank?

Deutsche Bank offers business loans at a default interest rate of 24 percent.

What are the documents required in Deutsche Bank for a business loan?

To avail of a business loan with utmost ease, you will require address proof documents, business proof documents, identity proof documents together with documents that authenticate your financial stability.

How to apply for a business loan in Deutsche Bank online?

You can visit the official website of the Deutsche bank and apply for a Deutsche bank business loan with utmost ease and minimal documents. The presence of online KYC speeds up the overall loan procedure.

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