Deutsche Bank
Personal Loan

Key features of Deutsche Bank Personal Loan are mentioned below:

• Loan amount: You can apply for a personal loan amounting from Rs. 50,000 to Rs. 15 Lakhs fat Deutsche Bank, depending on your eligibility and requirement.
• Flexible repayment tenure: The loan can be repaid easily within tenures ranging from 12 months to 48 months as per your convenience.
• Affordable interest rates: Personal loan interest rates vary from 9.99% to 11.49% p.a for floating rate based loans and 10.49% for fixed rate based loans.
• Low processing fee: The bank charges a non-refundable administration fee or processing fee of up to 2% of the loan amount.
• Prepayment:
  • For fixed rate loans: 5% of the principal outstanding at loan closure if the loan is closed within 1 year from the disbursement date and 3% if the loan is closed after 1 year from the date of disbursement. Part payment is not allowed.
  • For floating rate loans: The bank does not levy any prepayment charges for floating rate loans and part payment is also allowed.

Here are some reasons to opt for Deutsche Bank Personal Loans:

• Nil charges for part/full prepayment of personal loan in case of floating rate loans.
• Loan can be utilised for multiple purposes like funding family vacation, child's education, purchasing a household appliance, and so on.
• Higher loan amount available.
• Flexible repayment tenure.
• Easy documentation process.
• Quick approval and disbursal.
• Balance transfer facility available.
• Reasonable processing fee.
• If the applicant is an existing customer or has Deutsche Bank credit card then, the paperwork is less and the loan is processed faster.

Deutsche personal loan interest rates vary according to the type of interest rate.

For easy EMI calculation, you can use the Personal Loan EMI Calculator available online on our website. The EMI Calculator is an online tool, which helps the loan applicant to compute their EMIs accurately in such a way that they can pre-plan their finances. It supports the borrower to calculate the exact amount of EMI that is payable every month towards the repayment of the Personal Loan availed. The Personal Loan EMI Calculator is very easy and hassle-free to use and it uses the three important loan parameters to compute the EMI just like in the formula above.

To calculate the Deutsche Bank Personal Loan EMI, open the Personal Loan EMI Calculator tool, enter the loan amount, interest rate, and tenure of repayment to get an instant result.

Apart from the EMI calculation, our EMI Calculator also provides the complete amortization schedule.

Here’s an example:

Personal loan amount required: Rs. 10 Lakhs

Applicable rate of interest: 9.99% p.a.

Repayment tenure: 4 years

EMI to be paid each month: Rs. 25,358

Total interest to be paid: Rs. 2,17,174

Total amount to be paid to the lender: Rs. 12,17,174

To apply for Deutsche Bank Personal Loan, you will be required to submit the following documents along with the duly completed loan application form:

 Photo identity proof - any one:

o   Passport

o   PAN Card

o   Voter's ID Card

o   Driving License

o   Job card issued by NREGA - must be duly signed by a State Government Officer.

o   Aadhaar Card or UIDAI issued Letter

Proof of residence - any one:

o   Passport

o   Driving License

o   Voter's ID Card

o   Job card issued by NREGA - must be duly signed by a State Government Officer.

o   Aadhaar Card or UIDAI issued Letter

Signature proof - any one:

o   Passport

o   Banker's Certificate

o   PAN Card

o   Driving Licence

Age proof - any one:

o   Passport

o   Voter's ID Card

o   Birth Certificate

o   PAN Card

o   Driving License

o   Job card issued by NREGA - must be duly signed by a State Government Officer.

o   Aadhaar Card or UIDAI issued Letter

Financial documents

o   Last 3 months statements of Deutsche Bank.

o   Latest 1 pay slip

o   Last 3 months statements of salary account if salary account is in the Deutsche Bank.

Every applicant has to meet the following eligibility criteria for Deutsche Bank Personal Loan:

• Minimum age of the applicant: 25 years when applying for the loan.
• Maximum age of the applicant: 60 years when the loan matures.
• Minimum take home income: Rs. 25,000 per month.
• Telephone numbers: Telephone numbers of both residence and workplace are mandatory.
• Existing relationship: All salaried individuals having Savings Account with Deutsche Bank can apply for a Personal Loan at attractive interest rates and with minimal documentation.

Deutsche Bank Personal Loan involves the following charges in addition to the interest rate:

•  Processing fee: Up to 2% of the loan amount sanctioned.
•  Prepayment charges: Up to 5% of the principal outstanding amount.
• Charges for unsuccessful Standing Instruction for payment or Cheque/ ECS/ NACH bounce: Rs. 500
• Stamp duty/ taxes/ other government levies: As per applicable laws and guidelines.
• Charges Post Dated Cheques/ NACH/ ECS/ SI swap: Rs. 500.

It is very easy to apply for a Personal Loan via MyMoneyMantra. Here is what you need to do in order to apply:

• Visit the MyMoneyMantra website.
• Opt for the Personal Loan option. You will see a form at the top of the page under Loans section.
• Fill in all your personal information marked as compulsory fields - first name, last name, address, phone number, date of birth, etc.
• Specify your employment type by mentioning whether you are self-employed or a salaried person.
• Enter current employer details.
• Enter your income details, work experience, and specify the name of the bank where you hold your salary account.
• Enter all other information required to fill up the form.
• Enter your contact details so that our team can contact you to guide you through the process of taking the right Personal Loan suitable for your needs.

To apply for a Personal Loan or to get in touch with the Deutsche Bank regarding any query related to Personal Loans:

Send an SMS PL to the number 561615

OR

Call at the number 18602666601

Customers outside India can dial: +91 22 6601 6601

Mumbai customers can also call at: +91 22 6601 6601