Deutsche Bank Business Loan
Deutsche Bank is a renowned investment bank that provides banking and financial services. Among the different financial products available, the bank core concentration is on business loans. Deutsche bank default business loan interest rate is 24% per year for all of its products, including business installment loans, unsecured business loans, etc.
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Deutsche Bank Business Loan Overview
Deutsche Bank is a renowned investment bank that provides banking and financial services. Among the different financial products available, the bank’s core concentration is on business loans. Deutsche bank’s default business loan interest rate is 24% per year for all of its products, including business installment loans, unsecured business loans, etc.
Eligibility Criteria and Factors Affecting Deutsche Bank Business Loan
To avail of a business loan from Deutsche bank with utmost ease, you should meet the following Deutsche bank business loan eligibility criteria:
- Applicants must adhere to RBI’s definition of Micro Enterprises and Small Enterprises.
- Must specify the sole purpose for availing business loan (Working Capital/Business Expansion/Purchase of Machinery or Equipment).
- Must have a Personal Guarantee. For this, the key partner will have to stand as a loan guarantor.
- The business must be operating for at least 3 years in the same domain.
- Financial documents are inescapable, including audited financial statements.
- Tax Audit report (last 2 years).
- Bank Statement (last 6 months).
Let’s Go through an array of factors that affects the Deutsche Bank Business Loan Eligibility Criteria:
Credit Score
The credit score history is the most crucial factor that determines loan eligibility. It is generally used to determine a borrower’s eligibility. If an entrepreneur’s CIBIL score is above 750, the lender will move forward with the loan application. However, if it is less than the requisite amount, the loan application will get rejected.
Business Performance
The business performance helps in determining the company’s income. It is a critical consideration because a business with little revenue will be unable to repay the loan. As a result, business loan eligibility is influenced by the financial and overall success of the company.
Collateral
Most lenders count on collateral to lessen the risk of a business loan. They provide collateral loans, which require the borrower to pledge an asset as security for the loan. A company loan necessitates the use of collateral documents.
Deutsche Bank Business Loan Fees and Charges
Business loan fees and charges are a bit different for all three business products. The below-depicted tables represent the applicable fee and charges.
Business Installment Loan
| Fees and Charges for Business Installment Loan | |
| Processing Fees | 3 percent of the principal loan amount |
| Pre-Payment Charges | 5 percent of the outstanding loan amount, applicable on both fixed and floating interest rates. |
| Cheque/ECS/NACH Bounce | INR 500 |
| Post-dated cheque/NACH Swap Charges | INR 500 |
Unsecured Business Loan
| Fees and Charges for Unsecured Business Loan | |
| Processing Fees | 3 percent of the principal loan amount |
| Pre-Payment Charges | 5 percent of the outstanding loan amount, applicable on both fixed and floating interest rates |
| Cheque/ECS/NACH Bounce | INR 500 |
| Post-dated cheque/NACH Swap Charges | INR 500 |
Eve Business Loan
| Fees and Charges for Eve Business Loan | |
| Processing Fees | 3 percent of the principal loan amount |
| Pre-Payment Charges | Not Applicable |
| Credit Maintenance Fee | 0.85 percent of the loan amount and has to be paid every month |
| Portfolio Service Charge | 1.5 percent of the loan amount and has to be paid every month |
| Cheque/ECS/NACH Bounce | INR 500 |
| Post-Dated Cheque/ NACH Swap Charges | INR 500 |
Documents Required for Deutsche Bank Business Loan
Following are the documents required for a Deutsche bank business loan regardless of the loan type:
| Documents Required for Deutsche Bank Business loan | |
| Identity Proof |
|
| Address Proof |
|
| Signature Proof |
|
| Age Proof |
|
In addition, you will have to submit the following documents to avail of a business loan with utmost ease:
- KYC documents (Promoters/ Directors/ Proprietor and Partners)
- Profit and Loss Account Statement, Balance Sheet, Tax Audit report (last two years)
- Bank statement (last six months)
Types of Business Loans Offered by Deutsche Bank
Deutsche Bank offers three types of business loans to meet customers’ varied requirements. These are:
Eve Business Loan
Eve business loan is developed specifically for female entrepreneurs who are self-employed or own micro or small businesses. This loan can be used for starting a business, buying equipment or as operating capital.
Unsecured Business Loan
Unsecured business loans are a type of financing where the borrower is not required to submit any collateral to the bank. These unsecured business loans are based on an applicant’s financial records, credit score, income, and other factors. Without submitting any collateral or security to the bank, an unsecured business loan can be used to establish a new firm or manage the business operations.
Business Installment Loan
A business installment loan is used to meet long or short-term working capital requirements, such as for purchasing machinery/equipment.
Deutsche Bank Business Loan Interest Rates
Deutsche Bank’s rate of interest depends on certain factors, including financial profile, the sole purpose of the business loan, collateral, CIBIL score or credit rating, and much more.
The below-mentioned factors affect the overall evaluation process:
- The business model’s financial viability
- The industry level of competition
- The business entity’s performance at the industry level
- Overall growth and annual turnover
- Ratio financiers
The default Deutsche bank business loan interest rate for all business loan products is 24 percent per annum.
Factors Affecting Deutsche Bank Business Loan Interest Rates
Certain factors play an essential role in determining the applicable interest rates. Following factors might result in increased or decreased business loan interest rates:
Nature of Business
The type of business is the most important factor impacting the interest rate of your business loan. What type of business activity you are starting is best determined by your business creditworthiness. Your business should be of good quality, and the area where you conduct business should not be on any blacklists.
CIBIL Score
Always keep in mind that a high CIBIL score might have a substantial impact on lenders. When you have a high CIBIL score, the lender will offer you a loan with the lowest interest rate. If your CIBIL score is low, the lender may charge you a higher interest rate or even reject your mortgage collateral.
Business Experience
Yes, the company’s expertise is important because a well-established commercial enterprise is more likely to be secure. If you run a business for a longer period of time, creditors may provide you with a business loan at a lower interest rate in order to help you expand.
Repayment History
Your past repayment records are another key factor that influences business loan interest rates. If you constantly make your payments on time, you will be more likely to acquire a business loan at a lower rate of interest.
How Does the EMI Calculation Work for Deutsche Bank Business Loan?
The business loan EMI calculator helps in calculating the monthly installment value. The Deutsche bank business loan EMI calculator makes calculating monthly EMIs simple and quick. To obtain the results, we must enter information such as the loan amount, interest rate, and loan tenure.
Take a look at the sample below, which shows the EMIs and Interests for a business loan:
| Loan Amount | Interest Rate | Tenure (in months) | Monthly Installment |
| Rs. 7,00,000 | 24% | 12 months | Rs. 66,192 |
| Rs. 7,00,000 | 24% | 24 months | Rs. 37,010 |
| Rs. 7,00,000 | 24% | 36 months | Rs. 27,463 |
| Rs. 7,00,000 | 24% | 48 months | Rs. 22,821 |
How Does Deutsche Bank Compare with Other Lenders?
The following table reflects the latest business loan interest rates offered by other lenders together with the maximum loan amount and repayment tenure:
| Lenders | Applicable Interest Rate | Maximum Loan Amount | Repayment Tenure in Months |
| Kotak Mahindra Bank | 14 percent onwards | 75 lakhs | 6 to 48 months |
| HDFC Bank Business Loan | 16 percent onwards | 50 lakhs | 12 to 48 months |
| Axis Bank Business Loan | 17 percent onwards | 30 lakhs | 12 to 36 months |
| ICICI Bank Business Loan | 18 percent onwards | 40 lakhs | 6 to 48 months |
| IDFC First Bank Business Loan | 20 percent onwards | 90 lakhs | 12 to 48 months |
Deutsche Bank – Postal Address and Customer Care Number
Customer Care – Banking
Deutsche Bank AG,
PO Box 9095
Mumbai – 400063