Deutsche Bank Business Loan

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.

Documents Required for Deutsche Bank Business Loan

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

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:

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:

Deutsche Bank  – Postal Address and Customer Care Number

Customer Care – Banking

Deutsche Bank AG,

PO Box 9095

Mumbai – 400063