Deutsche Bank offers personal loans to salaried employees who earn a minimum monthly take home salary of Rs.25,000. Personal loan applicants must be between the ages of 25 years and 60 years to be eligible to borrow a personal loan from Deutsche Bank. Keep in mind that it is mandatory to have a telephone connection in both, your residence, and at your work place to qualify for this loan.
Eligible individuals can borrow a loan amount of between Rs.50,000 and Rs.15 lakh. Prospective borrowers will, however, have to meet the below-mentioned eligibility criteria:
|Age||25 years to 60 years|
|Telephone connection||Mandatorily required at your residence and office|
|Interest Rate||24% p.a.|
|Loan Amount||Rs.50,000 to Rs.15 lakh|
|Loan Tenure||12 months to 48 months|
|Processing Fee||Up to 2% of the loan amount|
Yes, you can transfer your existing loan to Deutsche Bank at the current interest rates offered by the lender. The bank also gives you the option of borrowing more, subject to your eligibility, when you transfer your loan to Deutsche Bank.
No, only those who hold savings accounts with Deutsche Bank can apply for personal loans.
You will need to submit the following documents to Deutsche Bank:
Yes, you can prepay your loan at any time once it is disbursed into your account. You may, however, have to pay the applicable penalty for the same.
Once you submit all the required documents, the lender will approve your loan application within 7 business days.
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