Deutsche Bank is a German international bank and is one of the country's top international banking and financial services company with their head office in Frankfurt. Deutsche Bank has their operations in over 70 different countries of the world. They offer you a great and easy way to fulfill your dreams, and not let money be a problem. Be it a vacation for your family, or a household appliance, or your child education. Deutsche Bank will help you make this a reality.
Despite our saving methods and amounts of money saved in various forms, the need for money can come to us unexpectedly. Unavoidable expenses are always on the rise in our everyday lives, and this is, where Deutsche Bank steps in. They provide you, their customers with personal loans without any security, collateral or a guarantor, at a rate of interest of 24% per annum. The processing charges stand at 3%. The maximum amount offered as a personal loan ranges from Rs 50,000/- to Rs 7, 50,000/- depending on your eligibility, income and repayment capacity. All existing customers with a monthly take home of Rs. 25,000, between the age of 25-60 can apply.
|Interest rate||24% p.a.||24% p.a.|
|Loan Amount||Minimum: Rs.50,000 Maximum: Rs.15 lakh||Minimum: Rs.50,000 Maximum: Rs.15 lakh|
|Loan Tenure||Minimum: 12 months Maximum: 48 months||Minimum: 12 months Maximum: 48 months|
|Lowest EMI||Rs.2462.72 p.m. (Calculated for the minimum loan amount for the longest tenure allowed at the lowest interest rate available).||Rs.2462.72 p.m. (Calculated for the minimum loan amount for the longest tenure allowed at the lowest interest rate available).|
|Processing Fee||Up to 3% of the loan amount.||Up to 3% of the loan amount.|
|Age||Minimum: 25 years Maximum: 60 years||Minimum: 25 years Maximum: 60 years|
|Prepayment Charges||Part prepayment not allowed.||Part prepayment not allowed.|
|Foreclosure Charges||Before 6 months from the date of loan disbursal: Not permitted. After 6 months from the date of disbursal: 5% of the principal outstanding amount.||Before 6 months from the date of loan disbursal: Not permitted. After 6 months from the date of disbursal: 5% of the principal outstanding amount.|
Online is the place to be today, be it shopping, networking, a business start-up or related to banking. All banks today have an array of services available online, offering many financial tools to help you with your financial transactions. These financial calculators help you with calculating your EMIs, eligibility, simple/compound interest and more. BankBazaar has a great EMI calculator that can simplify your EMI calculations. All you need to do is login to the website and enter the details of your loan, like amount, interest rate, tenure of the loan, processing fees, if any, etc. The website will calculate the EMI and display a result that’s simple and easy.
As an example, Roshni Das takes a personal loan for Rs. 1, 00, 000 from Deutsche Bank, with an interest rate of 24%. The tenure of her loan is 36 months resulting in a monthly EMI of Rs. 3, 923. In the table below you can see the payments on a yearly basis which Roshni pays back to Deutsche Bank.
|Year||Principal paid (Rs)||Interest paid (Rs)||Balance amount (Rs)|
Deutsche Bank personal loan interest rate varies for every applicant due to the following factors:
Please Note: Interest rates charged by Deutsche Bank are at their sole discretion and subject to change.
One should never neglect the, as banks determine the credit history of an applicant depending on his/her CIBIL score, and decide if an individual is worthy enough of a loan based on this score. Any applicants who have a lower CIBIL score can prove to be financially unstable and most banks charge a higher rate of interest in such cases.