Business Instalment Loan

Business Instalment Loan

Business Instalment Loan

Spread your business wings with our collateral - free Business Instalment Loan.

- Easy and collateral free loans for small and micro enterprise engaged in manufacturing, processing, preservation of 
  goods or rendering services
- Flexible and attractive interest rates
- Less documentation and faster processing

Apply Now | SMS BIL to 561615

Download application form for MSME’s | Schedule of charges

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. 50 lakhs.
  • 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.
  • KYC documents of promoters / Key directors / Proprietor / Partners. Click here for acceptable documents.

Mortgage Referral

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.

Rating

Rating Based on:

  • Robustness of Business Model
  • Company's Competence
  • Quality of Management
  • Competitive scenario
  • Industry performance
  • Turnover Growth
  • Margins
  • Financial Ratios

Schedule of charges

Click here to view schedule of charges effective from October 15, 2017


w.e.f. April 01, 2017

 Fee type       Charges
Documentation and processing fees Up to 3% of the loan amount disbursed
Credit maintenance fee 1% of the loan amount disbursed, to be paid on monthly basis
Portfolio service charges 1.5% of the loan amount disbursed, to be paid on monthly basis
Loan prepayment terms

No prepayment charges

Lock in period Prepayment is allowed only after 9 months from the date of disbursal
Loan in part payment terms No part payment is allowed
Duplicate statement issuance charges (account
statement, amortization schedule etc.)
Rs. 500
Charges for unsuccessful execution of
standing instruction for payment /
Cheque / ECS / NACH bounce charge
Rs. 500
Default interest rate 24% per annum
Stamp duty charges on loan agreement As applicable depending on local regulations
Post dated cheques / ECS / NACH / Swap charges Rs. 500
Taxes and other government levies As applicable

Portfolio service charge of 2% of loan amount disbursed, to be paid monthly every year for loans booked between 29th September, 2015 until 6th October, 2015.

Bounce fee of INR 1,000 charged for loans booked between 29th September, 2015 until 6th October, 2015.

Deutsche Bank AG, India (“Bank”) reserves the right to request for such documentation and information as it deems necessary to process the loan application. Approval of loan shall be at the sole discretion of the Bank. The loan shall be subject to due execution of requisite legal documents. Charges as mentioned are subject to change and shall attract Service Tax / Education Cess, as applicable.