Ensuring you have a seamless road to success and not have any hiccups in your path Deutsche Bank brings you an Unsecured Business Loan. Making it easy for you to get a loan now easy job. By applying for this loan you can ensure all your financial commitments are fulfilled. The Deutsche Bank’s Unsecured Business Loan is with no collateral or security, just easy documentation, it ensures to promise you with hassle free and fast processing.
The purpose of this loan is to meet of the financial requirements for SMEs professionals, service providers and manufacturers and traders. This loan can be taken for expansion of business, meeting the requirement of liquid cash, meeting expenses and many more aspects involved in the running of a business.
Eligibility conditions required for the Unsecured Business Loan from Deutsche Bank, is the business needs to be in operation for at least 5 years, in the same line of business. The company will need to submit documents such as balance sheets, profit and loss accounts, tax computations, audit reports, and the last 2 years reports from the Directors. Bank statement of 6 months will also need to be provided in the name of the applicant or the business name.
The will be an unsecured loan, from the bank
The minimum loan amount available is Rs. 10, 00, 000 and the and maximum loan amount will be Rs. 50, 00, 000 under Unsecured Business Loan from Deutsche Bank
The rate of interest is available in 2 types fixed and floating + margin. The default rate of interest is 24%.
The documents such as balance sheets, profit and loss accounts, tax computations, audit reports, and the last 2 years reports from the Directors. Bank statement of 6 months will also need to be provided in the name of the applicant or the business name.
The loan repayment can be done in different terms, such as 12 months, 24 months, and 36 months. There will be a 3% processing fee charge, Rs. 50 will be charged for CIBIL issuance. Rs. 500 charges for any unsuccessful execution on instructions of payment via cheque or ECS bounce charges. Service tax, stamp duty and relevant charges, The Unsecured Business Loan from Deutsche Bank also allows for prepayment but only after a period of 9 months. There is no part payment option available.
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, there is an option to apply for this loan online, 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.
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