Looking for a Business Loan from DCB Bank?

This page contains all the information you need to make a sensible and sound decision.

Corporate Business Loans from DCB Bank

Runner-up as the best small bank in India by Businessworld Magna Awards, DCB Bank offers a wide range of finance products to different segments of its customer base to meet their needs. The bank offers a few business loans to its corporate customers.

The business loans from DCB Bank are:

  1. Business Loan
  2. Micro Business Loan
  3. Commercial Vehicle Loan
  4. Working Capital Loan
  5. Term Loan
  6. Trade Finance
  7. Gold Loan*

We give you a brief intro to the business loans below. In addition, you have the option to click further and read in detail about the loans in a specific page of their own. This specific page has been made specifically for you to get all the information you need on that loan in an uncluttered and easy-to-read format. If information is less or not available, we have been not been able to create an information page as yet, but we may do so in the course of the next few months.

DCB Bank Business Loan

This umbrella loan scheme helps businesses get financial assistance to meet their needs for growth and expansion of business. The loan products under this scheme include Lease Rental Discounting, Loan Against Property, etc.

Features of DCB Bank Business Loan

Why this Loan?

  • The DCB Bank Business Loan schemes are perfect for businesses that need funds for business growth and expansion-related activities
  • The loan must be repaid in Equated Monthly Instalments (EMIs) within 15 years
  • The bank allows prepayment of loan after 12 months from the date of disbursal of the loan. There are no prepayment charges

For more details on this loan, please click anywhere on this sentence to get to its specific page.


DCB Bank Micro Business Loan

This loan scheme helps businesses get financial assistance to meet their needs for business expansion, debt consolidation, etc. by mortgaging property. The maximum loan amount sanctioned under this loan is Rs. 10 lakh.

Features of DCB Bank Micro Business Loan

Why this Loan?

  • The DCB Bank Micro Business Loan schemes are perfect for businesses that need funds for business growth and expansion-related activities by mortgaging self-occupied property
  • The loan must be repaid in Equated Monthly Instalments (EMIs) within 10 years

For more details on this loan, please click anywhere on this sentence to get to its specific page.


DCB Bank Commercial Vehicle Loan

This loan helps businesses in the Transportation sector buy brand new or pre-owned commercial vehicles in the Heavy Commercial Vehicle (HCV), Medium Commercial Vehicle (MCV), Light Commercial Vehicle (LCV) and small vehicles for business use. The interest rate, repayment period, etc. are decided by the bank on a case-to-case basis.

Features of DCB Bank Commercial Vehicle Loan Scheme

Why this Loan?

  • The DCB Bank Commercial Vehicle Loan is meant for Transport Operators to help them acquire funds for purchasing new commercial vehicles for their business
  • Businesses that have been in the transportation sector for a minimum of 2 years are eligible for this loan
  • The maximum loan amount sanctioned under this loan scheme is Rs. 3 crore

For more details on this loan, please click anywhere on this sentence to get to its specific page.

DCB Bank Working Capital Loan

The loan helps businesses finance their everyday operations such as for investment in current assets, purchase of raw materials, salary payments, power charges, etc. This a perfect loan scheme for businesses that need help during periods of reduced business activity or other cases when the funds are short to meet the business needs.

Features of the DCB Bank Working Capital Loan

Why this Loan?

  • The DCB Bank Working Capital Loan can be taken for all projects and activities related to running the business on a day-to-day basis
  • This funded-assistance is offered in the form of Cash Credit, Demand Loan, Bill Discounting, etc.
  • The maximum loan to be sanctioned is decided by the bank on a case-to-case basis

For more details on this loan, please click anywhere on this sentence to get to its specific page.

DCB Bank Term Loan

The loan helps businesses carry out different business activities right from building a business unit to purchasing machinery and vehicles. All projects are eligible for this loan as long as they are directly related to build assets for the future growth of the company.

Features of the DCB Bank Term Loan

Why this Loan?

  • This business loan can be taken for all projects and activities related to building assets for the future growth of the company
  • The DCB Bank Term Loan is offered in the form of Project Finance, Capex Finance, Lease Rental Discounting, etc.
  • The maximum loan to be sanctioned is decided by the bank on a case-to-case basis

For more details on this loan, please click anywhere on this sentence to get to its specific page.

DCB Bank Trade Finance

This loan helps businesses pay for pre-shipment, post-shipment, and other activities for your trade business. The activities a[eligible for this loan range from sourcing, manufacturing or converting semi-finished into finished goods and services to importing raw materials and capital goods in Indian as well as foreign currency depending on the business needs.

Features of DCB Bank Trade Finance

Why this Loan?

  • The DCB Bank Trade Finance Loan is meant for you if you need foreign currency for meeting your exports and imports obligations. Please get in touch with the bank to get a list of all activities eligible for this loan
  • The repayment period for each loan is set on a case-to-case basis depending on factors such as the nature of project, quantum of loan, repayment capacity of the borrower, etc.

DCB Bank Gold Loan*

Details of the Gold Loan are available on the site but from a reading of the terms and details, it seems more like a personal loan and may be used by directors and proprietors in personal capacity to borrow funds for their business or for personal financing needs. As of September 2020, we are not covering this loan.

Important Note: Even though the bank’s website has information available for only a few business loan schemes at this time, there is a possibility that the bank may offer more corporate loan options that 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 DCB Bank Business Loans

  • The interest rate for the DCB Bank business loans depends on various factors such as quantum of loan, type of business, risk rating, nature of project, repayment period, the structure of debt, etc. As of April 2020, the applicable interest rate for each loan is not mentioned on the bank’s website. Please get in touch with a bank representative for details
  • As of April 2020, the one-year Marginal Cost of Funds-Based Lending Rate (MCLR) of DCB Bank is 10.15%, DCB Benchmark Prime Lending Rate (BPLR) is 17.69% and Mortgage Prime Lending Rate (MPLR) is 17.44%

Eligibility for DCB Bank Business Loans

  • Individuals, Proprietors, Partnership Firms, Private Limited and Public Limited Companies can apply for these loans

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
  • For term loans: Project report with details on product choice, market survey, projection of production and sales, infrastructural needs, etc.; projected cash and fund flow statement for the repayment period; and copies of all licenses and permits wherever applicable

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
  • For Term Loans Only: Project report with details on product choice, market survey, projection of production and sales, infrastructural needs, etc.; projected cash and fund flow statement for the repayment period; and copies of all licenses and permits wherever applicable

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
  • For term loans only: Project report with details on product choice, market survey, projection of production and sales, infrastructural needs, etc.; projected cash and fund flow statement for the repayment period; and copies of all licenses and permits wherever applicable

Reference Facts:

  • DCB Bank Website: www.dcbbank.com
  • Headquarters: Mumbai, Maharashtra
  • Call Centre Number: 1800 209 5363, 1800 123 5363