Deutsche Bank AG is a German global banking and financial services company with its headquarters in the Deutsche Bank Twin Towers in Frankfurt. Bank has more than 100,000 employees in over 70 countries.
Documentation needed to apply for an Deutsche Bank Personal Loan
- 1. Signed application form with photograph
- 2. Copy of passport/voter ID card/driving license
- 3. Processing fee cheque
- 4. Last 3 months bank statement/6 months bank passbook
- 5. Documentation for salaried applicants:
- Latest salary slip
- Current dated salary certificate with the latest Form 16
- 6. Documentation for self-employed applicants:
- Latest Bank statement
- Latest ITR or Form 16
Deutsche Bank Personal Loan Interest RatesUpdated
Deutsche Bank Personal Loan Details
| Interest Rate (Floating) | Up to 24% p.a. Base Rate - 9.20% |
| Processing Fees | 3.00% of the loan amounts |
| Loan Tenure | 1 Year to 4 Years |
| Pre-closure Charges | 5% of the Principal Outstanding |
| Guarantor Requirement | No Guarantor Required |
Deutsche Bank Personal Loans
Deutsche Bank is one among the biggest and most successful investment banks in the world. It has a strong and proven foothold in Germany and Europe and is constantly growing and expanding in North America and India. It’s a well-established and highly trusted name in personal and business finance, extending credit, private wealth management, retail banking and business process outsourcing.
Taking a personal loan from Deutsche Bank, which has over 78,000 employees in over 70 countries, is a move in the right direction.
Why choose Deutsche Bank Personal Loans
There are certain large, unavoidable and obligatory expenses that arise in our everyday lives.
Sometimes, even savings and meticulous planning aren’t enough to pay for things like large assets for your business, a long-overdue international family vacation or even remodelling your home. As Indians, we have certain obligatory expenses that may cost more than planned savings can afford – like giving your daughters their dream weddings, or funding their higher education abroad.
When these expenses arise, there’s no need for even a second’s worry, as Deutsche Bank has you covered. With attractive interest rates, no requirement for security, collateral or a guarantor, and balance consolidation for Personal Loan outstanding, Deutsche Bank personal loans are among the best in the market.
Features of Personal Loan from Deutsche Bank
- Multiple loan tenures:Personal Loans from Deutsche Bank can be taken for amounts from Rs.50,000 to Rs.15,00,000 – and can be repaid in tenures stretching from 12 months to 48 months. It provides you with the flexibility you need to repay your loan on excellent terms.
- Simple documentation procedure:The application and documentation procedure for Deutsche Bank personal loans has been streamlined through tried and tested methods internationally. All you’ll need is one photo ID, proof of your address, a signature verification, and a document that proves your declared age. Submit these along with your application and you’re on your way to securing a loan from one of the best banks in the world.
- Balance transfer benefits:Suppose you’ve taken a loan in the past at a high rate of interest. It may have been an uninformed decision, or you may have had your hands tied and had only a high-interest loan option available to you. Whatever the case is, you can transfer your existing loan to Deutsche Bank and pay it back at lower interest rates. You also open the doors to taking an addition loan through Deutsche Bank when you make the transfer of an existing loan.
- Existing customer benefit:If you already have a Deutsche Bank savings / payroll / current account, you can take a loan at the current interest rates without even having to any income documentation.
- Quick approval:Deutsche Bank prides itself on streamlined and efficient banking processes. It takes a lot to be an industry leading financial services provider, and Deutsche Bank has risen to the top by providing personal loans to those who need it, when they need it. Quick approval means quick sanctioning and quick utilization of the loan amount that’s been credited to your account.
Deutsche Bank Personal Loan Interest Rate
Currently, Deutsche Bank charges 24% per annum as a default interest rate. Their schedule of charges* stands as:
| Processing Fees | 3% of the loan amount |
| Default interest rate | 24% per annum |
| Prepayment penalties |
|
| Personal Credit Issuance Charges (CIBIL report) | Rs.50 |
| Duplicate statement issuance charges | Rs.500 |
| ECS transaction failure or cheque bounce charges in SOC | Rs.500 |
| Repayment instruction swap charges | Rs.500 |
| Documentation charges | Up to Rs.1,500 |
| No dues certificates | Free |
| Service tax | As applicable |
| Stamp duty charges | As applicable on local regulations |
*This is the official schedule of rates and charges which came into effect on May 1, 2010. It is strongly advised to check these against any possible changes that may have been made under Deutsche Bank’s discretion.
Eligibility criteria for a Personal Loan from Deutsche Bank
You must meet the following eligibility criteria for a personal loan from Deutsche Bank:
Minimum age: 25 years.
Maximum age: 60 years.
Minimum income: Rs.25,000 monthly take home.
Mandatory telephones at both home and office.
You will also require the following set of documents:
Photo ID proof: Like a valid Passport, PAN Card, Driver’s License, Voter’s ID, etc.
Proof of Address: Like a valid Passport, Driver’s License, Voter’s ID, etc.
Proof of Signature: Like a valid Passport, Banker’s Certificate, Driver’s License, PAN Card, etc.
Proof of Age: Like a valid Passport, Banker’s Certificate, Driver’s License, Birth Certificate, etc.
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