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DCB Business Loan Jul 2021

DCB Business Loan Interest Rates India

Last Updated 30th Jun 2021

DCB Bank offers Business Loan starting at interest rate of 9.25%. The rates vary by loan amount, occupation and type of loan availed. Check Best Offers

Interest Rate 9.25%
Processing Fee Upto 2% of the loan amount
Tenure From 12 months to 60 months
Lowest EMI per lakh ₹ 2,088
Loan Amount Min ₹ 1 Lakh and Max ₹ 40 Lakh
Part Payment Facility Allowed after 6 EMI's, 7-36 Months: 4%, >36 Months: 6%
Foreclosure Facility Allowed after 12 EMI's, 4 - 6%
Apply for Business Loan @ 14.00%*

DCB Business Loan Details

DCB Bank offers multiple business loan products for self-employed professionals and non-professionals at low rates. Below-mentioned are the details of the business loan DCB Bank.

Key Features of DCB Business Loans
  • Purpose of Loan: You can avail DCB business loan to expand or modernise your business, purchase assets, set up new units etc.
  • Loan available for self employed professionals and non-professionals.
  • Borrowers within the age group of 25 and 65 years can avail DCB business loan.
  • Security: Both Secured & Unsecured
  • Loan Tenure can range from 12 to 60 years.
  • DCB business loan interest rates are in the range of 9.25% to 16.00 %.
  • DCB Bank business loan EMI per lakh starts from ₹ 2,088.
  • Processing Fee: Upto 2% of the loan amount
  • Special schemes: Some of the special business loan offers of DCB are:

Factors affecting DCB Business Loan Rates

There are multiple factors on which DCB 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 ₹ 1 Lakh to upto ₹ 40 Lakh. Interest rate for high loan amounts can be lower resulting in lower EMIs.

CIBIL Score

DCB Bank offers business loans at higher interest rate if your CIBIL score is low or vice versa. However, to get a loan from DCB Bank, your CIBIL score should be at least 700. Higher the CIBIL Score, higher the chances of getting a loan at lowest business loan interest.

Revenue

DCB Bank will offer you a loan at a lower interest rate if you have higher monthly revenue. Bank gives loan to the borrowers whose annual turnover is at least ₹ 50,00,000

Time in Business

DCB Bank offers loans at lower rates if you have significant business experience. Minimum business existence to get a business loan from DCB Bank is 0 months.

Lowest DCB Bank Business Loan Interest Rates

With effect from 30 Jun, 2021, DCB Bank offers business loans starting at 9.25%. The lowest business loan rates offered by DCB Bank have been dropped by 4.45%, from the earlier rate of 13.70%.

DCB Bank Business Loan Rate Trends of Last 1 Year

Last Updated Date Interest Rates
30 Jun, 2021 9.25%
07 Jun, 2021 13.70%
31 Mar, 2021 13.70%
25 Mar, 2021 13.70%
07 Jan, 2021 13.70%
10 Aug, 2020 13.70%
07 Aug, 2020 10.70%

DCB Business Loan Eligibility Criteria

To avail DCB Bank business loan, you need to fulfill the eligibility criteria as mentioned below:

  • Age : DCB Bank offers business 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, DCB Bank gives you loan amount ranging from ₹ 1 Lakh to ₹ 40 Lakh. To improve chances of approval, apply for a loan amount that you can comfortably service.
  • Profitability and Revenue : DCB Bank requires profit for minimum 2 years and minimum business turnover of ₹ 50,00,000.
  • Business Stability : DCB Bank requires a 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 a loan.
  • ITR and Banking : DCB Bank gives loan only after checking your income tax return and bank statements. The bank requires you to submit your ITR details and bank statements for a minimum of 24 months & 6 months respectively.
  • CIBIL Score : DCB Bank will check your repayment history for all current and past loans and credit cards. The Bank advises you to maintain a score of 750 and above to get loan approval.

DCB Bank 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:

DCB Business Loan
  • DCB Bank business loans fulfil the requirements of business enterprises such as business expansion, working capital requirement or even the personal requirements.
DCB Micro Business Loan
  • DCB micro business loan fulfils the monetary requirements of micro-businesses.
  • The loan also provides the facility of zero balance savings accounts to the loan borrowers.
  • The maximum loan amount can range upto Rs 10 lakhs.
Working Capital Finance
  • DCB Bank offers working capital loan in the form of cash credit, working capital demand loan, corporate loan and bill discounting linked with the base rate of the bank.
Term Loan
  • DCB Bank offers term loan in the form of project finance, lease rental discounting and Capex finance. The loan offers competitive term financing to business, in order to build up the asset portfolio of the company.

DCB Bank Business Loan Fees and 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 Upto 2% of the loan amount with applicable service tax

Documents Required for DCB Business Loan

To apply for DCB business loan, you need to submit the following documents:

  • 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

DCB Business Loan Eligibility Calculator

You can calculate your eligibility for DCB Bank business loan using an online DCB business loan eligibility calculator. It is an online tool that gives you an estimate about your loan eligibility, amount of loan and the best interest rate offer you can avail. It calculates the business loan eligibility on multiple factors. These factors include age, loan amount, loan tenure and Income etc. to calculate the loan amount eligibility of its borrowers.

How to Apply DCB Bank Business Loan Online at MyLoanCare?

  • In order to get the best offers on a business loan and compare DCB business loans with other banks, you can apply online through MyLoanCare here.  
  • MyLoanCare will give you a detailed comparison of business loan schemes of all banks, calculate your business loan eligibility and connect you to the customer representatives of the  DCB Bank.
  • Further, you will also be assisted by a dedicated MyLoanCare loan executive who will ensure that the process of getting a loan is smooth, convenient and quick.

FAQs

Why to take business loan from DCB Bank?

DCB Bank is one of the largest Private Bank sector banks in the country that provides lowest business loans starting at 9.25%. The bank also charges a low processing fee starting from Upto 2% of the loan amount. Along with that, the bank also offers special business loan schemes such as DCB Business Loan, DCB Micro Business Loan & Working Capital Finance etc.

Has DCB Bank reduced the business loan interest rate?

DCB Bankhas reduced the lowest interest on business loan as effective from 30 Jun, 2021. Presently, DCB Bank offers the business loan starting at 9.25%, which is a decrease of 4.45% from the previous rates of 9.25%. Earlier, DCB Bank changed its gold loan rate on 07 06, 2021.

What is the interest charged on DCB Bank business loan?

DCB Bank offers business loans at attractive rates ranging from 9.25% to 16.00%.The bank also provides various customised offers for self employed professionals to get loan at a 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 ₹ 2,088.You can calculate your EMI on business loan for different tenures at min business rate starting at 9.25% using MyLoanCare business loan EMI calculator.

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 60 months.

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

DCB Bank offers you business loan for loan amount ranging from ₹ 1 Lakh to a maximum amount of ₹ 40 Lakh. Loan amount eligibility in DCB further depends upon your income, and repayment capability.

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

DCB Bank charges a processing fee Upto 2% of the loan amount with applicable tax.The processing can be negotiated if you are an existing customer or have a good track record.

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

Yes, age is an important eligibility factor to get a business 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 prepayment 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%.

What are the business products offered by DCB Bank?

DCB Bank offers various business products for self-employed professionals and non-professionals. These are listed below:

  • DCB Business Loan
  • DCB Micro Business Loan
  • Working Capital Finance
  • Term Loan
  • Trade Finance

What is the time period of repayment of business loans in DCB Bank?

DCB Bank provides business loans for a maximum tenure of 60 years. You must repay your loan at the end of this loan tenure to avoid any late payment penalty.

DCB Bank Business Loan Customer Care Toll Free Number
City Customer Care Number
Agra 1800-209-5363
Ahmedabad 1800-209-5363
Ambala 1800-209-5363
Anand 1800-209-5363
Aurangabad Bihar 1800-209-5363

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DCB Business Loan News - Jul 2021
  • 2021-01-27 : DCB Bank reported Q3 profit at ₹96.21 crore
    DCB Bank posted a net profit of ₹96.21 crore for the third quarter ended December 2020. Further, it reported a total income of ₹1,023.86 crore backed by home, personal, car, two wheeler and gold loan along with business and mudra loans.
  • 2019-05-08 : DCB Bank expects to double balance sheet in the next four years
    Private sector lender, DCB Bank expects to double the size of its balance sheet in the next three-four years. The banks would be focusing more on growing its SME, agri, retail, commercial vehicles and small-ticket loans in which their current growth is nearly 16%. As of now, their balance sheet stands at Rs. 35,792 crores.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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