Personal Loan


What is a Personal Loan?

A personal loan is a type of loan that helps you to tide over a difficult situation when you need funds .    A wedding in the family, an unexpected repair on your four-wheeler, a gift to a loved one for achieving success or reaching a milestone, a medical condition that needs immediate attention, higher education for your children, or a trip abroad to attend a reunion of your classmates are all instances that are difficult to plan for, but they crop up repeatedly in your journey of life. They need to be tackled and you are ready to tackle them but you are short of funds. This is where personal  loan  come in handy as they can be availed of in quick time without too many  formalities and what is more without providing any security or collateral.  
We offer you a personal loan based only on your ability to repay the loan , it mainly depends on your salary.

Are you eligible for a Personal Loan?

We have eligibility criteria based on your source of income. You are eligible for a personal loan if you are a salaried person, aged 22-62 years employed in an organization in the private or public sector with a One-year work experience in the organization earning a minimum salary of            Rs 20,000 per month.

What are the interest rates and the maximum amount of personal loan at  DBS ?

All Personal loans are at Reducing Rate of Interest.
We provide personal loans from a minimum of Rs 50,000 to a maximum of Rs 50,00,000/-
We charge interest  rate varying from 10.99% to 20%
The amount of the Personal loan and the interest rate depend on factors such as your organization, income.

Personal Loan Interest Rates and other details

Sr.No.

Details

Minimum

Maximum

1

Interest Rates Per Annum

10.99%

20%

2

Personal Loan Amount

Rs 50,000.00

Rs 50,00,000/-

3

Processing Fees

1499 to 2.50%

4

Loan Tenure

12 Months

60 Months

5

Preclosure Fee*

0% to 4.00%


Personal Loan Eligibility and Documents

Criteria

Salaried individuals

Identity proof

Pan Card/Voters ID /Passport/Driving License, Aadhar Card.

Address proof

Pan Card/Voters ID /Passport/Driving License, Aadhar Card. Rental Agreement & Electricity Bill/ Postpaid Bill latest / Bank Statement/ HR Letter, etc.

Bank statements

Bank Statement for the last 4 months

Employment certificates

1-year Work experience proof

Salary slips

Salary slips for last 3 months