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CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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The personal loan of Deutsche Bank can be availed by eligible applicants provided they meet the eligibility criteria set by the bank in this regard. This eligibility criterion includes various parameters like age of the applicant, relationship with the bank, Income of the applicant, etc.
The details of the eligibility for a personal loan of the bank are discussed below.
Eligible Applicant
The eligible applicants for Deutsche Bank are the salaried individuals that are employed with reputed organizations whether in the government or private sector.
Age of the Applicant
The bank requires the applicants to meet the age restrictions set by the bank to be eligible for the personal loan. These age restrictions are tabled hereunder.
Category | Age |
Minimum Age | 25 years |
Maximum Age | 60 years |
Relationship with the Bank
The bank requires the applicant to have an account with any of the branches of the bank to be eligible for the personal loans of the Bank. The applicants need to have a savings account with the bank to apply for their personal loans.
The income of the Applicant
The income parameter is another crucial criterion for the applicant to be eligible for the loan. Deutsche Bank requires the bank to have a minimum income of Rs. 25,000 to be eligible for the personal loan of the Bank.
Other requirements
The additional requirement for a personal loan of the bank is providing an active telephone number. The applicant needs to provide a valid and active mobile number. Additionally, the applicant can also provide active telephone numbers for the residence and the office of the applicant.
The personal loans of the Deutsche Bank are tabled below.
Category | Details |
Amount of Loan |
|
Tenure |
|
Processing Fees | Up to 2% of the loan amount |
Prepayment Charges | Fixed-Rate Loans
Floating Rate Loans
|
Part Payment Charges | Fixed-Rate Loans Part-payment not allowed Floating Rate Loans Part-payment allowed |
Penalty Interest | 24% per annum overdue or unpaid amount |
Deutsche Bank requires the applicants to provide certain documents that have to be submitted along with a duly filled application form to complete the application for further processing.
The details of such documents are mentioned below.
Identity Proof
Any of the following documents can be submitted as identity proof,
Address Proof
The applicant can submit any of the following documents as address proof
Age Proof
Along with identity proof, age proof is also required. The applicant can submit any of the following documents,
Signature Proof
The applicant can submit any of the following documents as signature proof
Income Proof
Income proof is part of every loan application. The documents to be submitted for income proof of the salaried applicant are,
A personal loan is a general-purpose loan that can be sanctioned to any eligible person to meet their personal expenses of any nature like a wedding in the family, education of self or any family member, travel expenses, home repairs or renovation expenses, etc.
These loans can be processed quickly and do not require lengthy documentation to be approved. This helps the borrowers to meet any urgent financial needs and at affordable rates of interest.
Personal Loan eligibility calculator is a tool available on the website of the bank. This tool enables the applicant to get an estimate of the personal loan amount that can be sanctioned to them based on their eligibility. The applicant needs to submit the following inputs for the personal loan eligibility calculator.
This tool also functions as the EMI calculator for most lenders. Applicants can get the estimated EMI to be paid for the loan proposed and thus plan for their expenses accordingly
Deutsche Bank is a German bank having an international presence in about 70 countries. It has a huge customer base and many products and services that cater to retail banking, corporate banking, investment, insurance, NRI banking and more. The loan products of the bank include hassle-free personal loans that can be availed by eligible applicants. These loans are available at reasonable interest rates for a comfortable repayment period to ensure that it does not put any burden on the borrowers.
1. What is the maximum personal loan limit of Deutsche Bank?
A. The maximum personal loan amount of Deutsche Bank is Rs. 15,00,000 (Rs. 15 lakhs).
2. Can a self-employed person apply for a personal loan from Deutsche Bank?
A. No. Personal Loans of Deutsche Bank can be sanctioned only to salaried persons having their salary accounts with any branch of the bank. If the salaried person does not have his/her account with the bank, the personal loan can be sanctioned after providing necessary documents provided it is approved by the bank.
3. Can a person apply for a personal loan even if the credit score is low?
A. Yes. A person can apply for a personal loan even if the credit score is low however, the rate of interest on such loans will be higher and the loan will be sanctioned provided it is approved by the bank.
4. What are the age restrictions for the personal loan of Deutsche Bank?
A. The minimum age requirement for Deutsche Bank is 25 years and the maximum eligible age is 60 years.
5. Is part-payment allowed in personal loans?
A. Yes. Part payments are allowed only in case of floating personal loan. Fixed-rate personal loans are not applicable for part payments.
6. Can a person be eligible for the personal loan of the bank if they do not telephone number?
A. No. Deutsche Bank requires the applicants to provide a valid telephone number of their residence as well as their office.
7. How can a person repay the personal loan of Deutsche Bank?
A. A person can repay the personal loan of Deutsche Bank through standing instructions to debit the account held by the borrower with the bank.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application