MSME Loans from DBS Bank
The Development Bank of Singapore Limited, popularly known as DBS Bank, is a Singapore-based foreign bank operating in multiple locations in India. It offers a distinct set of loans to its customer base right from retail customers to corporate customers. As of now, DBS Bank has three different MSME loan schemes mentioned on its website. These loan schemes are meant to help small business owners in the MSME sector set up business units, purchase equipment, conduct business activities, carry out export or import activities, etc.
The MSME Loans offered by DBS Bank are:
- Working Capital Loan
- Term Loan
- Export Finance
We give you a brief introduction to the business loans below.
DBS Bank Term Loans
DBS Bank term loans are designed to help businesses carry out different business and trading activities right from acquiring land and building to purchasing machinery and vehicles. All projects are eligible for these loans as long as they are technically feasible and economically viable.
Features of DBS Bank Term Loans
Why this Loan?
- The DBS Bank MSME Term Loan can be taken for all manufacturing, processing, repairing, business and trading projects and activities
- The repayment schedule is set based on a range of factors such as Cash Generation and Repayment capacity of the borrower, Debt Service Coverage Ratio, etc.
- The security needed for this loan is decided based on the risk perception after checking the borrowers’ profile and other lending norms of the bank
DBS Bank Business Loan for Working Capital
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 while waiting for receipt of payment after completing projects.
Features of DBS Bank Working Capital Loan for MSMEs
Why this Loan?
- This DBS Bank Working Capital Loan can be taken for all projects and activities related to running the business on a day-to-day basis
- The security needed for this loan is decided based on the risk perception after checking the borrowers’ profile and other lending norms of the bank
DBS Bank Export Finance
This loan helps businesses pay for pre-shipment, post-shipment, and other activities for their export business. The bank may offer the facility in Indian as well as foreign currency depending on the needs of the borrower.
Features of DBS Bank Export Finance
Why this Loan?
- The DBS Bank Export Finance scheme is meant for you if you are an MSME business and need funds for meeting your exports obligations
- The bank also offers non-funded assistance to businesses in the form of Letter of Credit, Bank Guarantee, etc.
Important Note: Even though the bank’s website has information available for only three MSME loans from DBS Bank. However, the bank may offer more loan options under this or different schemes that are not yet published on the website. We suggest that you get in touch with the bank 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, Strategic Premium, etc. may be decided on a case-to-case basis.
Interest Rate for DBS Bank Business Loans
- Currently, the interest rate applicable on DBS Bank business loans is not mentioned on the bank’s website. We suggest visiting your nearest bank branch or calling their customer care number to get more details
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 Issuing 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 (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: Company’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
Reference Facts
- DBS Bank Website: www.dbs.com/in
- Headquarters: Mumbai, Maharashtra
- Customer Care Number: 1800 419 9500, 1800 103 6500, +91 44 6632 8000