MSME Loans from Deutsche Bank
Being one of the popular foreign banks in India, Deutsche Bank offers a range of business loans to different segments of its customer base. As of now, the bank has two types of MSME loans mentioned on the website. The bank also offers non-funded facilities to businesses.
The MSME loans from Deutsche Bank are:
- Business Instalment Loan
- Working Capital Loan
We give you a brief introduction to the business loans below.
Deutsche Bank Business Instalment Loan
The loan helps MSMEs meet their long-term working capital needs, get funds for acquiring land and building, purchase machinery and vehicles, etc. The maximum loan amount sanctioned under this loan scheme is Rs. 50 lakh.
Features of Deutsche Bank Business Instalment Loan
Why this Loan?
- This MSME loan can be taken for all projects and activities of MSME units right from meeting working capital needs to business expansion
- The Deutsche Bank Business Instalment Loan is offered to all MSME units in the manufacturing, processing, services and goods sector
Deutsche Bank Business Loan for Working Capital
The loan helps MSMEs finance their everyday operations such as for investment in current assets, purchase of raw materials, salary payments, etc.
Features of Deutsche Bank Working Capital Business Loan
Why this Loan?
- The Deutsche Bank Working Capital Loan can be taken for all projects and activities related to running the business on a day-to-day basis
- This a perfect loan scheme for businesses that need help during periods of reduced business activity or while waiting for receipt of payment after completing projects
- This is a short-term loan
Important Note: Even though the bank’s website has information available for a few small business loan schemes at this time, there is a possibility that the bank may offer more loan options which are not yet published on the website. We suggest that you get in touch with the nearest branch to check the loan schemes they offer. This will also help you get a custom quote since many loan schemes are need-based and certain charges such as application charges, service charges, etc. may be decided on a case-to-case basis.
Interest Rate for Deutsche Bank Business Loans
- The interest rate for the Deutsche Bank business loans depends on various factors such as quantum of loan, type of business, risk rating, nature of project, repayment period, structure of debt, etc.
Documents Needed for Individuals
- Loan Application Form duly filled and signed by the applicant and co-applicant, if any
- Two Passport Size Photographs of applicant and co-applicant
- Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card/ PAN Card Issue Letter is must
- Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
- Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
- Income/Banking Proof: Last 6 months Bank Account Statement of applicant and co-applicant, Loan Statement of Running Loans, Latest Closed Loan NOC, Net Worth of the applicant and co-applicant
- Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
Documents Needed for Proprietorship and Partnership Firms
- Loan Application Form duly filled and signed
- Partnership Deed and Partnership Registration Certificate
- ID Proof of the Firm: Firm PAN Card or PAN Issuing Letter
- Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
- Income Proof: CMA Data and Project Report, Debtors and Creditors Certificate, GST Return, Last 3 years ITR of applicant and co-applicant, Audited or CA Certified Computation of Income/Trading Account/Profit and Loss Account/Balance Sheet, Annual Audit Report and Tax Audit Report if audited, Form 16A if applicable, Net Worth of applicants, co-applicants and guarantors
- Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
- Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
- Other Relevant Documents: Partnership’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
Documents Needed for Private Limited and Public Limited Companies
- Application Form duly filled and signed
- Company ID Proof: Company’s PAN Card
- Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
- Business Proof: AOA and MOA, Company Incorporation Certificate, Business Commencement Certificate, Board Resolution, CA/CS verified Share Holding Pattern, ROC Annual Return, DIN Certificate, List of Directors on Company Letter Head, GST Number, Form 32 in case of Director Change
- Income Proof: CMA Data and Project Report, Last 3 Years ITR Acknowledgement copy of Company and all Directors, Last 3 Years Annual Credit Report or Tax Audit Report with Article 3CB, Article 2D, Article 3CD, TDS Certificate/Form 16A, Net Worth Certificate
- Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
- Security: Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
- Other Relevant Documents: Company’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
Reference Facts
- Deutsche Bank Website: www. www.deutschebank.co.in.com and www. https://www.db.com/india/
- Headquarters: Mumbai, Maharashtra
- Phone Number: +91 22 7180 4999