DCB Business Loan Interest Rate Jun 2019

Last Updated 08th May 2019

DCB Bank Business Loan Interest Rates India

DCB Bank offers Business Loan starting at interest rate of 10.70%. The rates vary by loan amount, occupation and type of loan availed. Check Best Offers

DCB Business Loan Features
DCB Bank Business Loan Rate
Loan for Self Employed Features
Processing Fee 2%
Tenure From 12 months to 180 months
Lowest EMI per lakh Rs. 1,118
Loan Amount
Part Prepayment, Charges Allowed after 6 EMI's, 7-36 Months: 4%, >36 Months: 6%
Early Foreclosure, Charges Allowed after 12 EMI's, 4 - 6%
Apply for Business Loan @ 13.50%*Get upto Rs. 2,500* Cashback

DCB Bank Business Loan

DCB Bank offers loan to self employed and businessmen for financing the expansion or working capital requirements of their business. There are some benefits of taking loan from DCB Bank:

  • You can prepay part of your loan anytime after paying 1 % prepayment charges
  • You can foreclose your entire Business loan anytime after paying 12 EMI's at foreclosure charges - 4 - 6%
  • DCB Bank has over 341 branches in India where you can avail service

DCB Bank Business Loan Interest Rate Calculator

There are multiple factors on which basis bank calculates your interest rate. Some of these factors are -

  • Loan amount: Business loan rate in DCB Bank depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate. Bank gives loan of minimum Rs. 0 to upto Rs. 0 . Interest rate for high loan amount can be lower resulting in lower EMIs.
  • CIBIL Score: DCB Bank offers loan at higher interest rate if your CIBIL score is low or vice versa. However, to get loan from DCB Bank, your CIBIL score should be atleast 700. Higher the CIBIL Score, higher the chances of getting a loan at lowest business loan interest.
  • Revenue: DCB Bank will offer you loan at lower interest rate if you have higher monthly revenue. Bank gives loan to the borrowers whose annual turnover is at least Rs. 0 .
  • Time in Business: DCB Bank offers loan at lower rates if you have significant business experience. Minimum business existence to get loan from DCB Bank is 0 months.

DCB Bank Eligibility Criteria

Bank have a detailed criteria to determine the eligibility of a borrower for business loans. Some of the key criteria are:

Eligibility Criteria Description
Age: 25 to 65 years
Minimum Turnover Rs. 0
Business Existence (in months) 0 months
ITR (months) 24 months
Loan Amount Rs. 0 to Rs. 0
Loan Tenure 180 months
Owned House or Place of Work Not Required
CIBIL Score 750 and above

DCB Bank Business Loan Eligibility Calculator

Eligibility of Business loan in DCB Bank relies on two important factor:

1.Your ability to repay the loan and
2.Your past track record in repayment of loans.

The main factors on which the eligibility of an applicant depends are

  • Age: Age plays an important role to know your eligibility and repayment capacity. DCB Bank offers loan to those who are at least 25 years old at the time of loan approval and maximum 65 years at the time of loan maturity.
  • Loan Amount: Based on the loan amount eligibility, bank gives you loan ranging from Rs. 0 to Rs. 0 . To improve chances of approval, apply for a loan amount that you can comfortably service.
  • Profitability and Revenue: Loan eligibility significantly depends upon profitability on your turnover, revenue and profitability. DCB Bank requires profit for minimum 2 years and minimum business turnover of Rs. 0 .
  • Business Stability: Future business prospects and its stability is important to improve your eligibility for business loan. DCB Bank requires minimum business track record of 0 months. The bank will also look for minimum growth in sales for the last three year. A decline in sales for a certain period or below a certain limit might impact your eligibility to get loan.
  • ITR and Banking: Bank gives loan only after checking your income tax return and bank statements. Your ITR details for minimum 24 months and bank statement for minimum 6 months will be required by DCB Bank.
  • CIBIL Score: When checking loan eligibility, DCB Bank will look at the complete CIBIL report. DCB Bank will check your repayment history for all current and past loans and credit cards. Bank advise you to maintain a score of 750 and above to get loan approval.

DCB Bank Business Loan EMI Calculator

DCB Bank Business Loan EMI is a fixed amount that you pay each month towards the repayment of your loan till the end of tenure. Lowest EMI offered by DCB Bank is Rs. 1,118 per lakh loan amount. EMI of DCB Bank depends on factors like:

  • Interest Rate: Higher the interest rate, higher will be the EMI. For a 180 months loan from DCB Bank at an interest rate of 10.70% per annum, EMI will be Rs. 1,118 per Rs. one lakh loan amount. At an interest rate of 18.00% for the same loan, the EMI will be Rs. 1,610 .
  • Loan tenure: Longer the loan tenure, lesser your smonthly EMI. At interest rate of 10.70% per annum, the EMI on DCB Bank business loan would range from Rs. 8,824 to Rs. 1,118 for loan tenure ranging from 12 to 180 months.
  • Amount Borrowed: DCB Bank Loan EMI will be high if you apply for a high loan amount. For amount borrowed Rs. 0 , the EMI at 10.70% for 180 months would be Rs. 0 . Similarly for amount borrowed Rs. 0 , the EMI at 10.70% for 180 months would be Rs. 0 .
What are the benefits of calculating business loan EMI?
  • Business loan EMI calculator of DCB Bank helps you to calculate your monthly EMI at different rate of interest
  • DCB Bank EMI calculator helps you to know your capacity to repay the loan after meeting your regular monthly expenses
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
Business Loan Products

DCB Bank offers customized products for specific customer segments designed to meet their loan requirements. Some of the popular products with their basic features are as follows:

Other Charges

In addition to interest rates, business loan also carry some other charges which include:

  • Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. DCB Bank allows prepayment of loan after paying 12 EMI’s with prepayment charges - 4 - 6%
  • Processing Fee- DCB Bank asks for a processing fee of 2% with applicable service tax
Documents required
  • Address proof of individual: Aadhaar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhaar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI
  • Copy of Income Tax PAN for 24 months
  • Bank statement of last 6 months

Compare DCB Bank Business Loan with other banks

FAQs on Business Loan DCB Bank

Why to take business loan from DCB Bank ?

Bank offers loan at 10.70% rate with the lowest EMI of Rs. 1,118 per lakh. If you are paying EMI more than this then you can opt for balance transfer and relocate your loan to DCB Bank.

What is the interest charged on DCB Bank business loan?

Interest rates on Business loan in DCB Bank are very attractive starting from 10.70% to 18.00%. Bank offer various offer for self employed professionals to get loan at very low rate of interest.

What is the lowest EMI per lakh on business loan from DCB Bank ?

If you apply for loan from DCB Bank, your lowest EMI per lakh will be Rs. 1,118 .

What is the minimum and maximum tenure of business loan in DCB Bank?

These loans are shorter tenure loans. You can repay your loan in a flexible period of minimum 12 months to maximum 180 months.

How much business loan amount I can borrow from DCB Bank?

DCB Bank offers you loan if you need a minimum amount of Rs. 0 to a maximum amount of 0 .

What is the processing fee charged by DCB Bank on business loan?

DCB Bank charges a processing fee of 2% with applicable tax.

Is age an eligibility factor to get loan for business from DCB Bank ?

Yes, age is an important eligibility factor to get loan as you should be at least 25 years old at loan approval time and 65 years old at loan maturity time.

What are the prepayment charges on business loan from DCB Bank?

Bank charges a fee in case you want to repay your entire loan amount before the end of tenure period. The fee charged by DCB Bank is 4 - 6% .

DCB Bank Business Loan Customer Care Number, Email, Application Status, Branches
City Customer Care Number
Agra 1800-209-5363
Ahmedabad 1800-209-5363
Ambala 1800-209-5363
Anand 1800-209-5363
Aurangabad 1800-209-5363
Bangalore 1800-209-5363
Bhilai 1800-209-5363
Bhilwara 1800-209-5363
Bhiwadi 1800-209-5363
Bhopal 1800-209-5363
Bhubaneswar Cuttack 1800-209-5363
Bikaner 1800-209-5363
Chandigarh 1800-209-5363
Chennai 1800-209-5363
Cochin 1800-209-5363
Coimbatore 1800-209-5363
Dehradun 1800-209-5363
Delhi 1800-209-5363
Durg 1800-209-5363
Faridabad 1800-209-5363
Gandhinagar 1800-209-5363
Ghaziabad 1800-209-5363
Goa 1800-209-5363
Greater Noida 1800-209-5363
Gurgaon 1800-209-5363
Guwahati 1800-209-5363
Gwalior 1800-209-5363
Hyderabad 1800-209-5363
Indore 1800-209-5363
Jabalpur 1800-209-5363
Jaipur 1800-209-5363
Jalandhar 1800-209-5363
Jodhpur 1800-209-5363
Kanpur 1800-209-5363
Karnal 1800-209-5363
Kolhapur 1800-209-5363
Kolkata 1800-209-5363
Kota 1800-209-5363
Kozhikode 1800-209-5363
Lucknow 1800-209-5363
Ludhiana 1800-209-5363
Madurai 1800-209-5363
Meerut 1800-209-5363
Mehsana 1800-209-5363
Mohali Sas Nagar 1800-209-5363
Mumbai 1800-209-5363
Mussoorie 1800-209-5363
Nagpur 1800-209-5363
Nashik 1800-209-5363
Noida 1800-209-5363
Noida Extn 1800-209-5363
Panipat 1800-209-5363
Patna 1800-209-5363
Pondicherry 1800-209-5363
Pune 1800-209-5363
Raipur 1800-209-5363
Rajkot 1800-209-5363
Ranchi 1800-209-5363
Rohtak 1800-209-5363
Roorkee 1800-209-5363
Salem 1800-209-5363
Shimla 1800-209-5363
Sonipat 1800-209-5363
Surat 1800-209-5363
Trichy 1800-209-5363
Udaipur 1800-209-5363
Vadodara 1800-209-5363
Varanasi 1800-209-5363
Vijaywada 1800-209-5363
Vizag 1800-209-5363

DCB Business Loan News - Jun 2019
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