Deutsche Bank Personal Loan Interest Rates

4.5

Personal loans from Deutsche Bank are available with interest rates as high as 24% p.a. You can borrow up to Rs. 15 lakhs, with a minimum loan amount of Rs. 50,000. There are loan terms available that range from 12 to 48 months. Up to 3% of the loan amount is charged as the processing fee. Both those with salaried jobs and those who are self-employed are eligible for the loan. Additionally, if you already work with the bank, you are exempt from submitting any documentation to prove your salary. Additionally, Deutsche Bank offers speedy verification processes and simple documentation.

  • Personal Loan offer for You

  • 10.75% - 11.75%

    Interest Rate (p.a.)
  • ₹50K - ₹15L

    Tenure(1 - 4 Years)
  • ₹2,162 - ₹2,212

    EMI Per Lakh
  • 10.75% - 11.75%

    Interest Rate (p.a.)
  • ₹50K - ₹15L

    Tenure(1 - 4 Years)
  • Up to 2% of the loan amount

    Processing Fee

Compare Deutsche Bank Personal Loan Interest Rates with Other Lenders

The table below compares Deutsche Bank Personal Loan Interest Rates with other banks and lending institutions.

  • Starting Interest Rate (p.a)
  • Processing Fee
  • Rating
  • Min. Loan Amount
  • CASHe PL Interest Rate

  • 27%

  • We offer a 2.50% interest rate per month (Equivalent to reducing the balance interest rate to 3.71% per EMI) on the loan amount.

  • 4.5

  • ₹1K - ₹4L

    Tenure(7 - 45 Years)

  • Prefr PL Interest Rate

  • 15% - 36%

  • 3-5% with Minimum Proc. Fee of INR 1500 + GST

  • 4.5

  • ₹50K - ₹5L

    Tenure(1 - 4 Years)

  • 50 K
  • 1 Cr
Years
  • 1
  • 5
%
  • 8
  • 25

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

Deutsche Bank Personal Loan Interest Rates 2023

Deutsche Bank's personal loan interest rates fluctuate with market conditions but always provide competitive and fair options for borrowers. With a wide range of loan options, Deutsche Bank is like a lighthouse, guiding borrowers to the best financial solution for their unique needs. The interest rates for personal loans offered by the bank range up to 24% p.a.

Features and Benefits of Deutsche Bank Personal Loan

The Deutsche Bank personal loan features and benefits are listed below. 

  • Competitive interest rates: Deutsche Bank offers some of the most competitive interest rates on personal loans, making it a cost-effective option for borrowers.
  • Quick and easy application process: The bank's online application process is straightforward, allowing for a fast and easy loan approval process.
  • Flexible loan amounts: Deutsche Bank offers a wide range of loan amounts ranging from INR 50,000 to INR 1,50,000, making it easy for borrowers to find the right loan amount to suit their needs.
  • No collateral required: Unlike other types of loans, personal loans from Deutsche Bank do not require any collateral, making them accessible to many borrowers.
  • Flexible repayment terms: With Deutsche Bank personal loans, borrowers can choose from a range of repayment terms up to 48 months, allowing them to find the right repayment schedule to suit their budget.
  • Transparent fees and charges: The bank is transparent about its fees and charges, making it easy for borrowers to understand the total cost of their loan.

Factors Affecting Deutsche Bank Personal Loan Interest Rates and EMI

The factors affecting the Deutsche Bank Personal Loan Interest Rates are explained below. 

  • Credit Score: The borrower's credit score determines the interest rate and EMI. A higher credit score will be rewarded with a lower interest rate and vice versa.
  • Loan Amount: The loan amount affects the interest rate and EMI. Generally, the higher the loan amount, the higher the interest rate and the higher the EMI. 
  • Loan Tenure: The loan tenure also plays a role in determining the interest rate and EMI. Generally, a longer loan tenure will be rewarded with a lower interest rate and vice versa. 
  • Income of the Borrower: The borrower's income also plays a role in determining the interest rate and EMI. Generally, a higher income will be rewarded with a lower interest rate and vice versa.
  • Repayment History: The borrower's repayment history also plays an essential role in determining the interest rate and EMI. Generally, a good repayment history will be rewarded with a lower interest rate and vice versa.

How to Calculate Deutsche Bank Personal Loan Interest EMI?

An online loan calculator can calculate the interest and EMI (equated monthly instalments) on a Deutsche Bank personal loan. These calculators generally require entering the loan amount, interest rate, and loan tenure (in months). Based on this information, the calculator will provide the EMI and the total interest you will pay throughout the loan.

You can also manually calculate the EMI and interest by using the following formulas:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]  

Where 

P = Principal (loan amount) 

R = Monthly interest rate (annual interest rate/12)

N = Number of months

Total Interest = (EMI x N) - P

Note: The interest rate and EMI on a personal loan from Deutsche Bank may vary based on the applicant's credit score, income, and other factors. You should contact the bank for the most accurate and current interest rate and EMI information.

How to Get Low-Interest Rates on Deutsche Bank Personal Loan?

There are several ways to potentially qualify for lower interest rates on a personal loan from Deutsche Bank:

  • Maintaining a high credit score: A good credit score is an essential factor in determining the interest rate on a personal loan. The higher your credit score, the lower the interest rate you may be offered.
  • Providing collateral: If you can provide collateral, such as a car or property, you may qualify for a lower interest rate.
  • Having a steady income: Lenders often consider the borrower's income when determining the interest rate. You may be offered a lower interest rate if you have a steady income and a good credit history.
  • Negotiating with the bank: You can negotiate for a lower interest rate. You can show them your credit score, income, and financial stability to make a case for a lower rate.

Deutsche Bank Personal Loan Fees and Charges

The table below shows Deutsche Bank personal loan fees and additional charges. 

Administration fees Up to 2% of the loan amount 
Loan prepayment charges Fixed Rate Loans:
  • 5% of the principal outstanding at the time of closure if the loan is closed within one year from the date of disbursement
  • 3% of the principal outstanding at the time of closure if the loan is closed after one year from the date of disbursement 
  • No part payment is allowed Floating Rate Loans 
  • “Nil” prepayment charges 
Charges for unsuccessful execution of Standing Instruction for payment/ Cheque/ ECS/ NACH bounce charge INR 500
Penal Interest rate 24%
Stamp duty and other taxes As applicable

Personal Loan by Other Banks

Frequently Asked Questions (FAQs)

What is the current interest rate of Deutsche Bank personal loan?

The current interest rate of a Deutsche Bank personal loan goes up to 24% p.a.

How can I reduce my interest on Deutsche Bank personal loan?

To potentially reduce the interest on your Deutsche Bank personal loan, you can try to maintain a high credit score, provide collateral, have a steady income, and apply for special promotions or offers. Negotiating with the bank for a lower interest rate is also an option.

Is Deutsche Bank personal loan a floating-rate loan or a fixed-rate loan?

Deutsche Bank personal loan is a floating rate loan, which means the interest rate may fluctuate based on the bank’s policy and market conditions.

Do Deutsche Bank demand collateral or security for personal loans?

No, Deutsche Bank doesn’t demand collateral or security for personal loans.

Can individuals pay off their Deutsche Bank loans EMI early?

Yes, individuals can pay off their Deutsche Bank personal loan EMI early. However, they must check with the bank regarding any prepayment charges or penalties.

What is the EMI for INR 1 lakh personal loan?

For an INR 1 lakh personal loan, the EMI amount can range from INR 2,248 to INR 2,857.

What is the EMI for INR 10 lakhs personal loan?

For an INR 10 lakh personal loan, the EMI amount can range from INR 22,478 to INR 28,571.

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