Deutsche Bank offers you Unsecured Business Loan to ensure that you have a seamless road to success. By availing this loan, you can fulfil any financial commitment that you may have. The loan can be availed without you needing to offer any security and a lot of documents.
The rate of interest is available in 2 types - fixed and floating + margin. The default rate of interest is 24% p.a. The minimum loan amount available is Rs. 10 lakh and the and maximum loan amount will be Rs. 50 lakh under Unsecured Business Loan from Deutsche Bank
The purpose of this loan is to meet of the financial requirements for SMEs professionals, service providers and manufacturers and traders. This loan can be taken for expansion of business, meeting the requirement of liquid cash, meeting expenses and many more aspects involved in the running of a business.
You will be required to submit a recent passport size photograph, photo identity proof, address proof, signature proof, income documents, bank statements, business continuity documents along with other documents like -
You can apply for this loan by going to the closest branch or you could even apply for the loan online via the bank’s website. All you need to do is fill in the online application form and a representative from the bank will follow up with you on the same.
You can also a message to 561615 by typing ‘UNSEC’ or call on 18602666601. In case, you are a customer residing in Mumbai or outside India, you need to call on 022 – 6601 6601.
Yes, there is an option to apply for this loan online, all you need to do is fill in the online application form, and a representative from the bank will follow up with you on the same.
Yes, the credit score of your co-applicant will fall if you delay the payment of your EMIs.
If your credit score is poor, then it will be difficult for you to get your application for a loan sanctioned. It is important that you maintain a good credit score so that you can avail a business loan in a hassle-free manner. Even if the lender agrees to sanction your business loan application despite your credit score being poor, the chances are high that they will charge a higher interest rate.
Ideally, your credit score should be 750 and above if you wish to successfully apply for a business loan. However, the credit score requirement may vary from bank to bank.
Unsecured business loans are given if you need capital to expand your already existing business, purchase new machineries, etc. If you need capital because you want to start a business, it is recommended you apply for a personal loan or loan against gold or property.
It may take between 7 to 15 working days for the bank to process and verify your loan application. Once, the verification process is complete, the loan amount is immediately disbursed to your bank account. However, the time taken to disburse the loan amount to your bank account may vary from bank to bank.
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