DCB Bank Personal Loan Interest Rates

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.

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.

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-

• 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

• 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