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