Unsecured Business Loan

You will be required to submit a recent passport size photograph, photo identity proof, address proof, signature proof, income documents, bank statements, business continuity documents along with other documents like -

1. Customer letter for end use/the proposed end use of BIL funds
2. OD sanction letter, wherever DP/OD limit is not mentioned in the Bank statements
3. Professional qualification certificate for professionals
4. Partnership deed, in case of partnership firms
5. MOA/AOA along with certificate of incorporation, in case of companies
6. Form 3CB and 3CD or Form 3CC and 3CE, wherever applicable

What are the terms for Unsecured Business Loan from Deutsche Bank?

1. The loan repayment can be done in different terms, such as 15 months, 24 months, and 36 months.
2. There will be a 3% processing fee charge.
3. In case of any unsuccessful execution of standing instructions for payment/ cheque/ECS/ NACH Rs.500 will be charged.
4. The Unsecured Business Loan from Deutsche Bank also allows for prepayment but only after a period of 9 months.
5. There is no part payment option available.
6. Rs.500 will be charged for postdated cheques/ECS/NACH/SI swap.

**Note: Know more bout Personal Loan and Unsecured Loans

How do I apply for this loan?

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.

You can also a message to 561615 by typing 'UNSEC' or call on 18602666601. In case, you are a customer residing in Mumbai or outside India, you need to call on 022 - 6601 6601.

Can I apply for Loan online?

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.