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  • Deutsche Bank Personal Loan

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  • Deutsche Bank is a German global investment bank that offers financial services across the globe in more than 70 countries. Quick glance on what's special about personal loan from Deutsche bank.

    • Loan amount of Rs.50,000 to Rs.1.5 lakh
    • Flexible loan repayment tenure of up to 48 months
    • Balance transfer option available
    • Easy documentation process
    More

    Loan Details

    Interest Rate 24% p.a. 
    Loan Amount  Up to Rs.1.5 lakh 
    Processing Fees  Up to 2% of the loan amount 

    Fees and Charges

    Particulars  Applicable charges 
    Loan prepayment charges  5% of the outstanding principal amount (fixed rate loan) 
    Unsuccessful standing instruction charges  Rs.500 
    Cheque bounce charges  Rs.500 
    ECS or NACH bounce charges  Rs.500 
    Stamp duty charges  As per the local regulations 
    ECS or NACH or SI swap charges  Rs.500 
    Taxes  As per the local regulations 

    Click here for details on Deutsche Bank Personal Loan Interest Rates

    Documents Required

    As mentioned earlier, the documentation process for Deutsche Bank Personal Loan is easy and minimal. Deutsche Bank requires any one of the following documents under each head for a personal loan application: 

    Proof of Identity
    • Aadhaar card
    • Driving license
    • Voter ID card
    • PAN card
    • Passport
    • Job card which is issued by NREGA 
    • UIDAI-issued letter 
    • Birth certificate
    Proof of Age
    Proof of Signature
    • PAN card
    • Certificate from banker
    • Passport
    Proof of Address
    • Voter ID Card
    • Aadhaar
    • Driving license
    • Passport
    • Job card which is issued by NREGA
    • UIDAI-issued letter 

    What are the eligibility criteria for Deutsche Bank Personal Loan?

    Age  At least 25 years and not more than 60 years 
    Employment Status  Salaried individual (should be an existing customer) 
    Minimum Net Salary  Rs.25,000 or more 
    Telephone Number  Compulsory for both office and residence 

    Head to Deutsche Bank Personal Loan Eligibility for a detailed idea of the eligibility criteria of the bank. 

    How the EMI calculation of Deutsche Bank Personal Loan work? 

    If you are looking for a personal loan from Deutsche Bank, you might like to go through the following example for a better understanding of how the loan works. 

    Let us assume that Mr. Bing is a resident of Mumbai who draws a monthly salary of Rs.60,000. He takes a personal loan of Rs.1 lakh from Deutsche Bank. The applicable rate of interest on the loan is 24% p.a. and the processing fee is 2% of the loan amount. He decides to pay off the loan in 12 months. His repayment schedule on the basis of these factors has been portrayed in the following table: 

    Month  Principal Paid (A)  (in Rs.)  Interest Paid (B)  (in Rs.)  Total Amount Paid (A+B)  (in Rs.)  Outstanding Loan Amount  (in Rs.) 
    7,456  2,000  9,456  92,544 
    7,605  1,851  9,456  84,939 
    7,757  1,699  9,456  77,182 
    7,912  1,544  9,456  69,269 
    8,071  1,385  9,456  61,199 
    8,232  1,224  9,456  52,967 
    8,397  1,059  9,456  44,570 
    8,565  891  9,456  36,006 
    8,736  720  9,456  27,270 
    10  8,911  545  9,456  18,359 
    11  9,089  367  9,456  9,271 
    12  9,271  185  9,456 

    On the basis of the details that have been mentioned above, Mr. Bing will be required to pay a total of Rs.1,15,472* to pay off the loan completely. The total interest which he has to pay is Rs.13,472. The processing fee for the loan is Rs.2,000. Rs.9,456 is the monthly EMI amount that Mr. Bing would be paying for 12 months. 

    You can use the BankBazaar Personal Loan Calculator to find out the repayment schedule and EMI amount for your personal loan.

    *The figures quoted here are for the purpose of understanding only. The applicable taxes (if any) have not been taken into consideration. 

    How does Deutsche Bank Personal Loan compare with other personal loans?

    Particulars  Deutsche Bank Personal Loan  HSBC Bank Personal Loan  Citibank Personal Loan  SBI Personal Loan 
    Interest rate  24% p.a.  10.99% p.a. to 17.84% p.a.  10.99% p.a. to 18.00% p.a.  12.00% p.a. onwards 
    Processing fee  Up to 2% of the loan amount  Up to 1% of the loan amount  2.00% to 3.00% of the loan amount  1% of the loan amount + applicable GST 
    Foreclosure charges  5% of the outstanding principal amount  Up to 3.75% of the outstanding principal amount  As per the terms and conditions of the bank  3% of the outstanding loan amount 

    FAQs on Deutsche Bank Personal Loan

    How can I download the Loan Interest Certificate for my Deutsche Bank Personal Loan?

    A: You can download the Loan Interest Certificate from the Deutsche Bank website. You will be required to follow the steps given below: 

    • Step – 1: Use your ‘Loan Account Number’, ‘Date of Birth’, ‘Account Number’, and ‘PAN’ to complete the authentication process.
    • Step – 2: Once you have filled up the information mentioned in Step – 1, click on ‘Submit’. 
    • Step – 3: After the authentication is completed, the website will direct you to a new webpage which will give you the option to generate the certificate. 
    • Step – 4: Generate and download the certificate.
    How can I get an alternative Provisional Interest Certificate in case there is a change in the rate of interest? 

    A: You will be required to wait for a period of 30 days (from the date on which the new interest rate is changed) to be able to view the interest certificate online. However, if you need the certificate urgently, you can get in touch with the bank by calling them on 1860 266 6660.

    Can I track the status of my Deutsche Bank Personal Loan? 

    A: Yes, you can track the status of your Deutsche Bank Personal Loan by clicking on the ‘Track your loan’ option on the personal loan main page on the bank website. The option is placed under the ‘Useful Information’ heading. You need to follow these steps: 

    • Step – 1: Click on ‘Track your loan’. This will redirect you to the ‘View Loan Application Status’ page.
    • Step – 2: In this page, you would be required to provide the ‘Application Serial Number’, the PAN of the main applicant, and fill up the ‘Verification Code’ which is auto-populated.
    • Step – 3: Once all the details are filled up, click on ‘Submit’ to track the status of the loan.
    If there are some mistakes in the statement for my Deutsche Bank Personal Loan, how can I get them rectified?

    A: To rectify errors in the statement, you will be required to get in touch with the bank through its customer care email ID at premium.care@db.com. You can also call the customer care call centre at 1860 266 6660. 

    I do not have any relation with Deutsche Bank. Can I apply for a Deutsche Bank Personal Loan?

    A: No, Deutsche Bank offers personal loans only to its existing customers. 

        

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    Deutsche Bank Personal Loan Reviews

    • Deutsche Bank Personal Loan
      "Fantastic Experience"
      0.5 4.5/5 "Excellent!"
      That was a staff loan taken it for 2% of interest, however it consider as a personal loan. I done the paper less process and I got the loan duration of five years. The customer support is really fantastic. Deutsche bank have part and preclosure options too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 28, 2019
    • Deutsche Bank
      Deutsche Bank Personal Loan
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      I have take personal loan from the Deutsche bank which they approved in quickly and the amount is reflected in next 2 day ,its instant approve process. As satisfied with the rate of interest which they have offered. And i make the payment monthly though ECS. Also the processing fees are very much nominal.
      Was this review helpful? 3
      , chennai
      Reviewed on Oct 10, 2018
    • Deutsche Bank Personal Loan
      "High on ROI and charges"
      0.5 5.0/5 "Blown Away!"
      The services at Deutsche bank is excellent. I had taken a personal loan and the process is really smooth. The documentation is normal. But the bank is high on the interest rate and processing charges. It is pretty high when compared to the other banks.
      Was this review helpful? 1
      , new delhi
      Reviewed on Aug 19, 2017
    • Deutsche Bank Personal Loan
      "The perfect bank"
      0.5 5.0/5 "Blown Away!"
      I liked DEUTSCHE BANK services very much. They are good in rate of interest and processing fees. One of my friend has recommended about this bank to me. They were very quick in processing because with in 2 days I got my persona loan. Right now they have stopped the providing that loans. It is an German bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2015
    • Deutsche Bank Personal Loan
      "Really good"
      0.5 4.0/5 "Great!"
      Detuche bank is really good . This personal loan was taken before 7 years now . They have responded on time they have offered the loan with in 5 working days. They have exact loan amount which have requested for based on the credit score . They have offered 4 lakhs amount interest rate offered was 13.75%,.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 27, 2015
    • Deutsche Bank Personal Loan
      "Closed one"
      0.5 3.0/5 "Satisfactory"
      Detshce bank personal loan is closed . I am yet to receive my closing letter to my new address. I had requested that to be sent to my email id and I have closed it. Nothing interesting about them and there are very few collection branches . The guy came to my place for the cash collection and it was good.,
      Was this review helpful? 0
      , pune
      Reviewed on Oct 23, 2015
    • Deutsche Bank Personal Loan
      "Very easy "
      0.5 4.0/5 "Great!"
      Deutsche bank personal loan process is fine. I am holding this personal loan for a period of 2 years it should be more accessible . I did not get the closure certificate and its been 8 years now since the loan is closed. I am very much comfortable with the documentation part it is very easy and convenient and there is no additional charges which would be charged,.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Oct 15, 2015
    • Deutsche Bank Personal Loan
      "Deutsche bank is maintaining their standards..."
      0.5 5.0/5 "Blown Away!"
      Deutsche bank is very fast in processing the personal loan and documents were minimal. They are disbursing the loan easily and their mail communication is awesome. Moreover their phone communication is good. Deutsche bank is an International bank and they are maintaining their standard.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 10, 2015
    • Deutsche Bank Personal Loan
      "Keen on providing good support"
      0.5 5.0/5 "Blown Away!"
      The personal loan disbursement with Deutsche bank was quite good. They assigned a officer for my loan processing who really took the initiative and completed the processing very smooth and they were transparent on what they provide. I really wanted to appreciate the executive Sundar who helped me throughout. They are very keen on providing good support to the customers. Even the EMI date is based on my salary date which is flexible.
      Was this review helpful? 8
      , chennai
      Reviewed on Jun 10, 2014
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