Business Installment Loan

Business Installment Loan

Business Installment Loan

Deutsche Bank AG, India now offers the Business Installment Loan that helps your business grow bigger. If you are a small/medium enterprise engaged in manufacturing, processing, preservation of goods or rendering services then this loan is for you.

Overview

You can avail this loan for the purpose of working capital, business or purchase of equipment. Now you can leverage your own business to expand it.

  • Loan Amount - Rs. 10 lakh to Rs. 25 lakh.
  • Loan Tenure - 12 months to 36 months.
  • Attractive interest rates.
  • Less documentation, fast processing.
  • Purpose - For business purposes including expansion and medium/long term working capital requirement.

Apply Now

# Customers outside India need to dial +91 22 6601 6601. Customers in Mumbai can also call at 6601 6601. Call charges apply.

Simplified Application Form for MSE's

Requirements

  • Applicants must meet the Reserve Bank of India’s definition of Micro/ Small Enterprises.
  • Purpose of Loan - Working Capital, Business Expansion or Purchase of Machinery/Equipment.
  • Personal Guarantee - Key partner will be required to stand as guarantors to the loan.
  • Business Vintage - Minimum three years in the same line of business and operating for three years in the same city.
  • Financials - All applicants to submit audited financial statements - Profit & Loss Account , Balance Sheet and Tax Audit report for the last two financial years.
  • Bank Statement - Bank statements for six months from the customer’s main bankers.

Apply Now

# Customers outside India need to dial +91 22 6601 6601. Customers in Mumbai can also call at 6601 6601. Call charges apply.

Simplified Application Form for MSE's

Schedule of charges

w.e.f  01 October, 2011

 Fee Type  Charges
 Documentation and Processing Charges  1.5% of  Loan amount disbursed
 Credit Coverage Fees  1.5% of  Loan amount disbursed
 Credit Maintenance Fee  0.75% of Loan amount per year, to be paid  monthly
 CIBIL Report Issuance Charges  Rs. 50/-
 Annual account statement fee  Free
 Default Interest Rate  24% per annum
 Loan Prepayment Penalties
  • Prepayment is allowed only after 6 months from  the date of disbursal
  • 5%  of the principal outstanding at the time of foreclosure
 Post Dated Cheques/ ECS Swap Charges  Rs. 500
 Charges of unsuccessful execution of standing Instruction for Payment / Cheque / ECS bounce charge  Rs. 500
 Annual Account Statement Charges  Free
 Service Tax  Applicable on  fees and charges
 Stamp Duty charges on Loan Agreement   Depending on Local Regulations
 Duplicate Statement issuance charges  Rs. 500
 No Dues Certificates  Free
  • Disbursement at Sole discretion of the Bank.
  • Schedule of charges is subject to review by the Bank from time to time.
  • All fees and charges mentioned above will attract Service Tax / Education Cess at applicable rates.

Apply Now

# Customers outside India need to dial +91 22 6601 6601. Customers in Mumbai can also call at 6601 6601. Call charges apply.

Simplified Application Form for MSE's