You can now apply Business Installment Loan from Deutsche Bank, this loan can be used for expanding your business and make it grow bigger to new heights. The loan is meant for small and medium enterprises that are involved in businesses such as rendering services, preservation of goods, processing, and manufacturing.
Loan amount meant for business expansion for small and medium enterprises, purchasing of new equipment’s, using the loan amount for working capital and leveraging your business expansion with more ease.
Eligibility conditions for this loan are
The loan is for the expansion of the business, it will be disbursed by the bank as a loan and can be used for leveraging your business.
The loan amount provided by the bank will be a minimum of Rs. 1, 00, 000 to a maximum Rs. 30, 00, 000.
With effect from 25th September 2015 the rate of interest for this loan is a rate of 24%. It can be a fixed or floating base rate + margin.
The repayment of the loan can be made within a tenure of 12 - 48 months, and will have credit management charges applicable of 1% per year on the loan amount, along with the a portfolio service charge will also be applicable of 2% on the loan amount disbursed, this will be paid on a monthly basis. A processing fees of 3% will be charged as well. Other charges like service tax, stamp duties will also be charged.
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.
Yes, you can apply for this loan online. The online application process is simple, 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.