DCB Bank Personal Loan Interest Rates

In specific regions, DCB Bank provides products to individuals, small and medium businesses, rural banking, and corporates. A personal loan with low-interest rates and a flexible repayment period is one of the items available to you.

Details of the DCB Bank Personal Loan Scheme

 

Loan Amount

Rs. 5 lakhs

Rate of Interest

13% p.a. - 25% p.a.

Fees

2%

Term

5 Years

Characteristics of the Personal Loan Scheme of DCB Bank

The interest rate varies for each applicant and is determined by the applicant's credit profile. DCB Bank provides competitive personal loan interest rates that vary depending on the applicant's profile and desired loan parameters.

The following are important elements that may influence the interest rate on a personal loan-

  • Monthly earnings
  • Credit score and repayment history
  • Monthly fixed obligation amount
  • The ratio of credit utilization
  • Loan Amount - Rs. 1 lakh minimum, Rs. 5 lakh maximum
  • Applicants who are salaried or self-employed are eligible.
  • Applicant Eligible Age range: 25 to 60 years
  • Loan EMIs can be paid using the Electronic Clearance System (ECS), Standing Instruction (SI), National Automated Clearing House (NACH), or Post Dated Cheques (PDC).
  • Processing fees might range from 3% to 5% of the loan amount.
  • Loan Tenure can last up to 60 months.
  • There is no need for collateral.

DCB Bank Personal Loan Interest Rate

Interest Rate

13% p.a. - 25% p.a.

Who is Eligible for the DCB Bank Personal Loan Scheme?

Salaried employees, salaried doctors, employees of public and private limited enterprises, government sector personnel including PSUs, and federal and local authorities are all eligible for a personal loan from DCB Bank.

Age requirement: You must be at least 21 years old. The maximum loan maturity age should be 60-65 years. The maximum age varies by lender.

General documentation is required: To obtain the loan, you must have a proper collection of documentation that includes, among other things, ID evidence, income proof, and residence proof.

Salary requirement: A minimum net monthly income of Rs. 15,000 is required. Self-employed workers and business owners should be able to show a steady income and profit.

Documents Required to Apply for the Personal Loan Scheme from DCB Bank

Make sure you have all of the necessary documentation ready before applying for a personal loan. Here's everything you need to know about DCB bank's personal loan documentation requirements-

a) For the Self-employed

  • Two passport-sized photographs, Identity Proof PAN Card, Driving License or Voter ID Card or Adhaar Card, etc.
  • Income Proof: Office Residence Proof - Financials for the last two years have been audited. 
  • Bank Statements Employment Verification Signature Verification

b) For the Salaried

  • Two passport-sized pictures for the application form.
  • Salary slips for the previous three months.
  • Identity Proof PAN Card, Driving License, Voter ID Card, Adhaar Card, and so forth.
  • Proof of residency (driver's license/voter ID card/Adhaar card, etc.)
  • Last three months' Bank Statements.
  • Employment Verification Signature Verification

Other Bank's Personal Loan Interest Rates

 

Banks/NBFCs

Interest Rates (p.a.)

Axis Bank

10.25% onwards

HDFC Bank

11.00% p.a. onwards

ICICI Bank

10.75% onwards

Bajaj Finserv

13.00% onwards

Kotak Mahindra Bank

10.99% onwards

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