Deutsche Bank Personal Loan
Deutsche Bank personal loan can be availed for funding your holiday, purchase of household appliances or your child's education. There is an restriction on the end use of personal loan.
Highlights
- No proof of income papers required if you have a credit card or insurance policy or overdraft account or existing loan with any bank. Also if you have a pay-roll, savings or current account with Deutsche Bank, you need not have to produce income proof.
- Minimum loan amount of Rs 50, 000 to maximum of Rs 15 lakh and tenure of 1 year to 5 years.
- Easy transfer of existing high interest loan from any other bank to avail current interest rates
Eligibility
Eligibility
Following table shows the minimum eligibility criteria for Deutsche Bank personal loan:
|
Eligibility criteria |
Salaried |
Self-employed |
|
Age |
21 years- 60 years |
23 years- 65 years |
|
Minimum Income (Gross Annual) |
Rs 100000 |
Rs 100000 |
|
Telephone |
Mandatory at both residence and office |
Mandatory at both residence and office |
Documents Required
Documents Required
|
Documentation |
Salaried |
Self-employed |
|
Financials |
Salary slip of last one month. Copy of bank statement from salary account for last 6 months |
Income Tax Returns (last 2 years), CA certified computation of income, or CA certified Profit & Loss Account and Balance Sheet for last 2 years. Copy of bank statement (main account) for last 6 months |
|
Photo Identity (any one of the document) |
Passport, photo PAN card, defence/govt ID card, voter's ID card, driving licence |
Passport, photo PAN card, voter's ID card, driving licence |
|
Proof of Residence (any one of the document) |
Passport, landline telephone bill, electricity bill, voter's ID card, driving licence |
Passport, landline telephone bill, electricity bill, voter's ID card, driving licence |
|
Proof of Age (any one) |
Passport, voter's ID card, PAN card, birth certificate, life insurance policy or premium receipt clearly stating age/date of birth |
Passport, voter's ID card, PAN card, birth certificate, life insurance policy or premium receipt clearly stating age/date of birth |
To get best offers from a network of over 300 service providers, simply fill up the adjoining application form. Our automated engine will match your requirements with a comprehensive set of offers in the market and connect you to a maximum of 5 providers who can service your need. WHEN BANKS COMPETE YOU WIN. You will yourself be able to decide which bank gives the best personal loan based on any of the following parameters:
- Lowest Interest Rate
- Lowest EMI
- Maximum Loan Amount Offered
- Lowest Processing Fees
- Eligibility based on your credit report (from credit bureaus such as CIBIL)
- Other Parameters
4 step process to get the best personal Loan
1) Make sure your credit history is clear by getting a copy of your own credit report from CIBIL. You can get the report online by logging into www.cibil.com . If your credit history shows any errors get them corrected first before you apply for a personal loan as lenders are likely to reject the loan application if the credit report shows any defaults in the past.
2) Make lenders compete, compete and compete. That is the best way you will get the lowest EMI as well as processing fees.
3) If loan eligibility is not an issue find out if a lower interest rate or lower processing fee is available if you reduce the loan amount
4) Other things remaining the same you can choose the loan that has a lower pre-payment charge