Unsecured Business Loan

Finance should never be a hurdle in your progress. Ensure a seamless journey to success with Deutsche Bank Unsecured Business Loan. Avail a loan effortlessly and fulfill your financial desires.

- No security or collateral required
- Flexible and attractive interest rates
- Hassle free, easy documentation and faster processing

Apply Now | SMS UNSEC to 561615

Overview

Availing a loan is now an effortless task.

Get Deutsche Bank Unsecured Business Loan and fulfill your financial requirement.

Requirements

  • Business Vintage - Minimum 5 years in the same line of business and operating for
    5 years in the same city.
  • Financial - All applicants to submit audited financial statements - Profit & Loss account, Balance sheet, Computation of Income, Tax audit report, Director’s report for the last two financial years.
  • Bank Statement - Bank statements for the last six months from the client’s main business banking account.
  • KYC documents of promoters / Key directors / Proprietor / Partners. Click here for acceptable documents.

Mortgage Referral

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

w.e.f. October 15, 2017

 Fee Type  Charges
Documentation and processing fees Up to 3% of loan amount disbursed
Lock in period Prepayment is allowed only after 9 months from the date of disbursal
Loan prepayment terms For fixed and floating rate loan:
• 5% of the principal outstanding at the time of foreclosure
• No part payment is allowed
• Prepayment is allowed only after 9 months from the date of disbursal
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 / SI swap charges Rs. 500
Taxes and other government levies As applicable

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, taxes and other government levies, as applicable.

Frequently asked questions

What are the key features of Unsecured Business Loan?

If you are looking at hassle free, fast processing with easy documentation and no collateral or security to be offered, then Unsecured Business loan is just the product for you.

Who can avail Unsecured Business Loan?

Unsecured Business Loan can be availed by SME, professionals, manufacturers, service providers and traders.

What are the loan tenure options available?

Unsecured Business Loan can be availed for tenure of 12 months, 24 months or 36 months.

What is the minimum and maximum loan amount which can be availed under Unsecured Business Loan?

The minimum and maximum loan amount which can be availed under Unsecured Business Loan is INR 10 lakhs and
INR 50 lakhs respectively.

What is the security or collateral required to be provided to avail of an Unsecured Business Loan?

No security or collateral is required to avail of this loan.

We are a start up firm, can we avail of this loan?

Unsecured Business Loan is not offered to start up as the minimum business vintage of 5 years in the same line of business and business operations in the same city is required. Two years of audited financials would be required to be submitted to avail of this loan.

Can I part pay or prepay the loan?

Prepayment is allowed only after nine months from the date of disbursal. No part payment is allowed.