Loans to meet personal demands were never so cheap. And the scheme named as Cheap Personal Loans provides you that platform. An applicant can avail lump sum amount of funds to materialize their dreams. This scheme is now much in discussions of experts because of its flexible features. People can opt for this loan according to their earning and repaying ability.

The provisions of this loan are classified into secured and unsecured form. Secured form is collateral related and only persons capable of pledging property as collateral can approve the option.No a single but you can meet multiple ends of your. Personal desires such as purchasing a plot of land, a flat, estate, buy a car, weddings, go for holiday expedition, and likewise can be easily executed. Bad credit holders can use the funds in consolidating debts and settling other bad credit issues.

Interest rates are reasonable and they are tabled in a manner so that people can easily afford them. The person who is interested in availing cheap interest rates should contrast the numerous loan quotes. The loan quotes and loan calculator are offered y lender without any cost and through online. Online reduces the burden of paperwork and saves time and effort of the applicants. So, you can easily and within less time meet personal desires with the help of cheap personal loans.

Information about Personal Loan from Deutsche Bank

Advantages of db Personal Loan

No income papers required
Have a Credit Card / Insurance Policy / Overdraft Account / existing loan with any bank? You may be eligible for a personal loan with Deutsche Bank without providing any income papers!

Easy loan tenure
You can apply for loans amounting from Rs 50,000 to Rs 1,500,000 and repay it at your ease by opting for tenures ranging from 12 months to 60 months.

Benefit with balance transfer option
Why should you continue to pay a higher interest rate on your existing personal loan? You have the option of transferring your loan to Deutsche Bank at the current interest rates with no additional income documentation. You also have the option of getting an additional loan when you transfer your existing loan from any other bank to Deutsche Bank.

Existing customers of Deutsche Bank
All Deutsche Bank customers having a Payroll / Savings / Current Account can avail of loan at the current interest rates without providing any income documentation.

Easy documentation
Multiple documents make applying for a loan a very tedious and lengthy procedure. At Deutsche Bank, it is easy to apply for a db PersonalLoan, as the documentation process is simple and friendly.

Quick approval process
At Deutsche Bank, we are prepared to meet your urgent financial needs. You do not have to wait for long to get your db Personal Loan approved. You will get the money when you need it most.

Convenient top-up option
All existing db Personal Loan customers can apply for a higher loan amount over and above your existing loan without providing any income documentation.

Eligibility criteria for a db Personal Loan

Eligibility criteria
Salaried
Minimum Age     25 years
Minimum Age   60 years
Income (Rs)
Monthly take home – Rs. 20,000 & above
Telephone
Mandatory at both residence and office

Self-employed
Minimum Age  25 years
Minimum Age  65 years
Income (Rs)
Annual income – Rs. 2,40,000 & above
Telephone
Mandatory at both residence and office

Documentation for Salaried

Financials
Salary slip of last one month
Copy of bank statement from salary account for last 6 months
Copy of bank statement (main account) for last 6 months

Photo Identity (any one)
Passport
Photo PAN Card
Defence/Govt ID Card
Voter’s ID Card
Driving License

Proof of Residence (any one)

Passport
Telephone Bill (landline)
Electricity Bill
Voter’s ID Card
Driving Licence

Proof of Age (any one)
Passport
Voter’s ID Card
PAN Card
Birth Certificate
Life Insurance Policy or premium receipt clearly stating age/DoB

Documentation for Self-employed

Financials
Income Tax Returns (last 2 years), CA certified computation of income, or CA certified Profit & Loss Account and Balance Sheet for last 2 years.

Photo Identity (any one)
Passport
Photo PAN Card
Voter’s ID Card
Driving Licence

Proof of Residence (any one)
Passport
Telephone Bill (landline)
Electricity Bill
Voter’s ID Card
Driving Licence

Proof of Age (any one)
Passport
Voter’s ID Card
PAN Card
Birth Certificate
Life Insurance Policy or premium receipt clearly stating age/DoB

Processing fees
3% of the loan amount
Default interest rate
24% per annum

Loan prepayment penalties
* Prepayment is allowed only after 6 months from the date of disbursal
* 5% of the principal outstanding at the time of foreclosure

Duplicate statement issuance charges
Rs. 500
Unsuccessful execution of standing Instruction for payment / cheque bounce charges
Rs. 500
Repayment instruction swap charges
Rs. 500
Documentation charges
Up to Rs. 1,500
No dues certificates
Free
Service tax payable on fees and charges
As applicable
Stamp duty charges
Depending on local regulations

Sources : http://www.deutschebank.co.in/