Deutsche Bank Personal Loan

4.5

Deutsche Bank India offers Personal Loans at attractive interest rates with easy documentation and balance transfers. Customers can apply for loans from Rs 50,000 to Rs 1,500,000 and repay it easily by opting for 12 months to 48 months. The bank also allows easy loan balance transfers and facilitates quick disbursals.

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Deutsche Bank Personal Loan

  • Interest Rate

    10.75% - 11.75%

  • Loan Amount

    ₹50K - ₹15L

  • EMI Per Lakh

    ₹2,162 - ₹2,212

  • Processing Fees

    Up to 2% of the loan amount
  • Pre-Payment Charges

    5% of the outstanding principal amount (fixed rate 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 Fees and Charges

Depending on the type of interest rate (fixed or variable), the loan processing fee charged at Deutsche Bank is 2% of the total personal loan amount. The default rate of interest is 24%.

Deutsche Bank Personal Loan Interest Rates 

Particulars Loan Details
Interest Rate Up to 24% p.a.
Tenure of Loan Up to 48 months (4 years)
Amount of Loan Rs.50,000 - Rs.15 lakh
Status of Employment Person must be salaried or self-employed
Credit or CIBIL Score 750 and above
Lowest EMI on every Lakh Rs. 2,877
Pre-Payment or Foreclosure Charges Loans at floating rate with no charge fixed rate loans at 5%
Part Payment Not allowed
Overdue EMI Interest 24% per annum

Note: The EMI of Rs. 2,877 is calculated with a principal amount of Rs. 1 lakh. The default interest rate is 24%. A tenure of 5 years and a processing fee of 2% of the loan amount is also added.

Note: The EMI of Rs. 2,877 is calculated with a principal amount of Rs. 1 lakh. The default interest rate is 24%. Tenure of 5 years and a processing fee of 2% of the loan amount is also added.

Factors Affecting Deutsche Bank Personal Loan Interest Rates

Here are some prominent factors affecting Deutsche Bank's personal loan interest rates. 

  • Credit Rating: Credit score plays a crucial role when it comes to applying for a personal loan. A good credit score means you will repay your loan on time. This will help you in getting a better rate of interest from Deutsche Bank. You must have a score of 750 or more. 
  • A Good Job: You must have a stable and high earning job. As a self-employed individual, you must earn a steady profit from the ongoing business for at least two years. Whether employed or running your own business, a stable income marks you as a trustworthy borrower with a good repayment capacity. 
  • Higher Income: You must have a higher income to get a better rate of interest on your loan amount. 
  • Loan Repayment Tenure: If you choose to repay your loan over a long tenure, Deutsche Bank will charge you a lower rate of interest.
  • Relationship with the Deutsche Bank: If you have a good relationship with Deutsche Bank, you can have several benefits. You can even have the best offers over your current interest rates.

For a fixed rate of interest, the processing fee is 5% of the total personal loan amount.

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. 

Address Proof Identity Proof Age Proof Signature Proof
Your Passport Your Passport Your birth certificate Your DL (Driving Licence)
Your DL (Driving Licence) Your DL (Driving Licence) Your Aadhaar card Banker’s certificate
Job card given by NREGA Aadhaar card Your Passport PAN card
Aadhaar card Voter ID card Voter ID card Your Passport
Voter ID card Job card given by NREGA    

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. 

Banks/NBFCs Interest Rates (per annum)
Deutsche Bank 24.00%
Bajaj Finserv 13.00%
Tata Capital 10.99%
SBI 9.60%
HDFC Bank 10.25%
ICICI Bank 10.25%
Kotak Mahindra Bank 10.25%
Axis Bank 10.25%
PNB 7.90%
IndusInd Bank 10.49%
IDFC First Bank 10.49%
Clix Capital 14.99%

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

FAQs

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

When does the personal loan repayment period start?

The personal loan repayment period starts after the loan amount is disbursed into your account.

Does Deutsche Bank check for CIBIL Score for a personal loan?

Yes, Deutsche Bank checks for the CIBIL score of the applicant. The CIBIL score must be 750 or above.

What is the maximum and minimum personal loan amount I can get from Deutsche Bank?

The minimum amount is Rs. 50,000, and the maximum amount is Rs. 15 lakh.

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