Deutsche Bank Personal Loan

Benefits And Features of Deutsche Bank Personal Loan

Deutsche Bank is a global investment bank with a presence in over 70 countries. Offering robust financial and banking services, its clientele encompasses all from corporates and institutions to individual professionals. The Deutsche Bank Personal Loan is a flexible option to extract funds in times of need. With an easy application process and minimal documentation, it offers a personal loan of up to Rs. 15 lakh. The bank also allows easy loan balance transfer and facilitates quick disbursals.

Here are the exclusive features and benefits of Deutsche Bank Personal Loan.

• You can avail of a minimum personal loan of Rs.50,000 and a maximum of Rs.15 lakh.
• Your minimum monthly salary must be Rs. 25,000 to apply for Deutsche Bank Personal Loan.
• The minimum and maximum age to apply for Deutsche Bank Personal Loan is 25 years and 60 years, respectively.
• Deutsche Bank’s personal loan processing fee is 2% of your total loan amount.
• The rate of interest is 24% by default.
• For a fixed interest rate, you have to pay a 5% processing fee of your loan amount.
• The repayment tenure is 12 months to 48 months only.
• If you already have an account in Deutsche Bank, you can get a personal loan at competitive interest rates.
• You can also avail the bank loan transfer facility. You can transfer your loan from a different bank to a Deutsche Bank at a lower interest rate.
• You have to go through minimal documentation.
• Your personal loan application will be processed quickly once approved. In a few hours, the amount will reflect in your account.

Deutsche Bank Personal Loan Eligibility Criteria

Here are four primary Deutsche Bank personal loan eligibility criteria. 

Documents Required for Deutsche Bank Personal Loan

To apply for Deutsche Bank Personal Loan, you have to submit certain documents, such as an address, identity, signature and age proof. You can submit any one document for each category from the ones mentioned below. 

How Does the EMI Calculation Work for Deutsche Bank Personal Loans?

In Deutsche Bank, you can repay a personal loan between 24 months to 48 months in regular EMIs. However, depending on your monthly paying capacity, you can select the repayment tenure. You can also take the help of Urban Money’s Personal Loan EMI calculator to do the same. 

Enter all information, such as the principal amount, rate of interest and term of the loan. Press the enter button, and the result will be displayed on the screen. 

The formula for calculating Deutsche Bank Personal Loan EMI is as follows:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1] 

Where,

• EMI stands for Equated Monthly Instalments
• N stands for Number of Monthly Instalments
• P stands for Principal Amount
• R stands for Rate of Interest

How Does Deutsche Bank Compare With Other Lenders?

Get a comparative overview of Deutsche Bank Personal Loan against other banks and NBFCs. 

Deutsche Bank Personal Loan Customer Care Number

Deutsche Bank provides different contact methods to resolve their customer issues regarding personal loans. Customers can ask about their personal loan application status, approval, interest rate, repayment methods, etc. 

• Toll-free number: 1800 123 6601
• Phone banking number: 1860 266 6601
• Phone banking number (abroad): +91 22 6601 6601
• Phone banking number (Mumbai): 6601 6601
• Email address: customer.care@db.com
• Deutsche Bank email address for complaints: head.services@db.com