• Deutsche Bank Business Instalment Loan

    The Business Installment Loan offered by Deutsche Bank allows individuals to avail a loan for the purpose of purchase of equipment, business, or working capital and to leverage the business and expand it. The process to apply for the loan is simple and can be done online.

    Benefits of Deutsche Bank’s Business Installment Loan

    • Collateral free loans are provided for small and micro enterprises that deal in the preservation, processing, and manufacturing of goods and providing services.
    • The interest rates are attractive and flexible.
    • The loan can be availed for the purpose of business expansion as well as for medium- and long-term working capital.
    • The loan amount that can be availed ranges from Rs.10 lakh to Rs.50 lakh.
    • The repayment tenure ranges between 12 months and 36 months.
    • Minimal documents need to be submitted.
    • The loan processing time is quick.

    Eligibility Criteria

    • The definition of Micro/Small Enterprises stated by the Reserve Bank of India (RBI) must be met by the applicants.
    • The key partner must be a guarantor for the loan.
    • Last 2 years audited financial statements such as Tax Audit report, Balance Sheet, and Profit and Loss Account must be submitted by all applicants.
    • The loan can be availed for the purposes of equipment/machinery purchase, business expansion, or working capital.
    • The applicant must have at least three years of running the same type of business and must have operated the business in the same city for three years.
    • Bank statements for the last six months from the applicant’s main bank must be submitted.

    Documents Required

    • Application form
    • Identity Proof: Any of the below-mentioned documents can be submitted as proof of identity:
      • Permanent Account Number (PAN) Card
      • Driving License
      • Aadhaar Card
      • Passport
      • Voter ID
      • NREGA issued Job Card
    • Signature Proof: Any of the below-mentioned documents can be submitted as proof of signature:
      • PAN Card
      • Driving License
      • Passport
      • Signature verification from the bank
    • The last six months bank statement of the main business and latest 2 months bank statement from other banks that have been disclosed must be submitted.
    • Address Proof (Non-Individual Clients): Any of the below-mentioned documents must be submitted as proof of address:
      • Registration Certificate
      • Latest Electricity or Telephone Bill
      • 2 months bank statement
      • Rent agreement that has been registered in the entity’s name.
      • Gas Bill
      • Water Connection Bill
      • A UIDAI issued letter with the name, address, and Aadhaar number mentioned on it.
    • Income Proof: The below-mentioned documents must be submitted as proof of income:
      • Financials for the last 2 years
      • Profit and Loss Statement
      • Audit Report and Director’s Report
      • Computation of Income
      • Balance sheet
    • Business Continuity Documents: Any of the below-mentioned documents can be submitted:
      • Last three years Sales or IT Returns
      • 1-month bank statement that dates back to three years ago
      • Certificate of Registration
      • Three years Advance Tax Challans
    • Shop and Establishment Certificate

    Any other documents that are requested by the bank at the time of submitting the application form must be submitted as well.

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