DBS Bank Business Loan
Last Updated : Nov. 5, 2016, 11:26 a.m.
DBS Bank grants the business loan to the Indian business units after assessing the applicant’s personal and company profile. This loan is suitable for those in the manufacturing, retail, wholesale, trading (import/export) and service provider industries. The loan is sanctioned for the highest value of Rs. 50 Crores and the processing fee is charged as per the bank’s norms. The bank provides a loan for the flexible tenure ranging from 3 years to 7 years. Moreover, the loan provided is unpledged, that is, the borrower doesn’t need to provide any collateral or security. The desiring candidates can borrow by sending an e-mail at the official website.
DBS Bank Business Loan Details – know it all from the scratch !
| Particulars | Details |
|---|---|
| Interest Rates | Customized |
| Loan Amount | Up to Rs. 50,00,00,000 |
| Tenure | 3 years – 7 years |
| Processing Fee | As per bank's norms |
| Type Of Loan | Unsecured |
How To Apply
To apply for the DBS Bank business loan drop an e-mail at the official mail id available on the bank’s website. The executives will be glad to serve you.
DBS Bank Business Loan EMI Calculator – How much EMI can you afford ?
To make the repayment of loan convenient and pocket- friendly the total repayment amount is divided into parts that are termed as EMIs. EMI stands for Equated Monthly Installment and is payable per month till the loan tenor ends. This amount comprises of the principal amount and the interest amount. Though it’s calculation is tough but it can be simplified using the Business Loan EMI Calculator . The device provides the accurate information in the shortest time possible. The user just needs to feed the information regarding the loan amount, tenure and the rate of interest.
For Example : A customer avails a loan of Rs. 5,00,00,000 for the period of 7 years at the rate of interest say, 13% p.a then the EMI computed will come to Rs. 9,09,598.
Table Showing EMI, Total Interest Amount, Total Repayment Amount
| Loan Amount (in Rs) | Loan Tenure (in years) | Interest Rate (p.a) | EMI (in Rs.) | Total Interest Outgo (in Rs.) | Total Amount (EMI+Interest) (in Rs.) |
|---|---|---|---|---|---|
| 5,00,00,000 | 1 | 13% | 44,65,864 | 35,90,365 | 5,35,90,365 |
| 5,00,00,000 | 2 | 13% | 23,77,091 | 70,50,187 | 5,70,50,187 |
| 5,00,00,000 | 3 | 13% | 16,84,698 | 1,06,49,114 | 6,06,49,114 |
| 5,00,00,000 | 4 | 13% | 13,41,375 | 1,43,85,990 | 6,43,85,990 |
| 5,00,00,000 | 5 | 13% | 11,37,654 | 1,82,59,219 | 6,82,59,219 |
| 5,00,00,000 | 6 | 13% | 10,03,705 | 2,22,66,779 | 7,22,66,779 |
| 5,00,00,000 | 7 | 13% | 9,09,598 | 2,64,06,246 | 7,64,06,246 |
Amortization Table
| Year | Principal Payment (in Rs.) | Interest Outgo (in Rs.) | Balance Amount (in Rs.) |
|---|---|---|---|
| 1 | 46,87,980 | 62,27,196 | 4,53,12,020 |
| 2 | 53,35,075 | 55,80,101 | 3,99,76,945 |
| 3 | 60,71,491 | 48,43,685 | 3,39,05,454 |
| 4 | 69,09,551 | 40,05,625 | 2,69,95,903 |
| 5 | 78,63,295 | 30,51,881 | 1,91,32,608 |
| 6 | 89,48,686 | 19,66,490 | 1,01,83,922 |
| 7 | 1,01,93,671 | 7,31,283 | 0 |
Features and Benefits
- Attractive rate of interest
- Term loan provided up to Rs. 50 crores
- No need to pledge your assets
- Assurance of good service
DBS Bank Business Loan Eligibility Criteria – Who can avail the loan benefits ?
The following types of companies are eligible to apply for the business loan –
- Sole proprietors/ proprietorship firms
- Partnership firms
- Private limited companies/ Public limited companies
Documents Required
The KYC and financial documents required are as follows:
List Of KYC Documents:
- PAN Card
- Driving License
- Valid Passport
- Voter Identity Card
- Job Card issued by NREGA
- The letter issued by the Unique Identification Authority of India containing details of name, address and Aadhaar number
Financial Documents Required
| Category | List of Documents |
|---|---|
| Self-Employed Individuals / Sole Proprietorships | - Latest audited ITR and financials for the last 3 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.) - Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet |
| For Partnership Firms | - Latest audited ITR and financials for the last 3 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.) - Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet - Partnership Deed and partnership authority letter for partnership firms - Memorandum and Articles of Association and Board Resolution from the company - Certificate of Incorporation (COI) for companies |
| For Public / Private Limited Companies | - Latest audited ITR and financials for the last 3 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.) - Bank statements from the main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet - Memorandum and Articles of Association and Board Resolution from the company - Certificate of Incorporation (COI) for companies - Latest shareholding patterns for Private Ltd. / Public Ltd. companies |
DBS Bank Business Loan Interest Rate – How much interest rate is applied as per your finances ?
The business loan provided by DBS Bank is not pledged against any security. So, the rate of interest charged varies according to applicant’s financial position and loan amount disbursed by the bank.
Factors Affecting Business Loan Eligibility – The primary indicators for loan approval
The disbursal amount depends on following parameters :
- Assessment of the business profile
- Financial assessment
- Repayment capacity
- Respective segment cap