DCB Bank Personal Loan

Highlights

  • Avail DCB Bank personal loan at an interest rate of 12.00%
  • Repay this loan with flexible tenure options to choose from

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About DCB Bank Personal Loan

Looking for a reliable bank that can fulfill all your personal needs? If yes, look no further as DCB Bank is here to cater your multiple needs. Yes, this renowned bank offers this unsecured credit facility at an attractive interest rate, exclusively for Wishfin. Not only this, the lender also offers flexible tenure options to choose from. This loan comes handy to meet various needs such as marriage, traveling, business expansion, medical emergency and so on. Let’s just know more about the same in the page below.

Personal Loan

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    DCB Bank Personal Loan Interest Rates

    ParticularsDetails
    Interest Rates12.00%
    Loan Amount₹50,000-5 Lakh
    Tenure12-48 months (1-4 years)
    Processing Fee 2% of the loan amount

    DCB Bank Personal Loan Eligibility Criteria

    Before availing the loan, it is important to know the eligibility norms of the bank. Read the points below to know more about the eligibility.

    • Salaried Individual of private/public limited companies, government employee, multinational corporations, reputed partnership firms and other concerns, receiving a regular salary.
    • Self-employed professionals such as chartered accountants, cost work accountants, company secretaries, doctors, engineers, architects etc.
    • Self-employed non-professionals like mall traders, merchants, agents, consultants etc.
    • Proprietors, partners & directors of Pvt. Ltd. Companies.
    • Minimum work/business experience should be 3 years for both salaried and self-employed.

    Age Criteria:

    • A salaried individual should be aged between 25 (at the time of loan sanction)-60 years (at the time of loan maturity)
    • A self-employed individual should be aged between 25 (at the time of loan sanction-65 (at the time of loan maturity)
      years

    Reference Criteria for Availing a Personal Loan

    In order to avail this credit facility, an individual needs to provide 2 references

    • For Salaried-references can be a colleague, friend and relative
      *Should not be a blood relative
      *Should not be residing at the same address
    • For Self-employed-references of suppliers, customers and peers

    DCB Bank Personal Loan EMI Calculator

    Curious to know the exact calculations of your personal loan EMI? If yes, all you need to know about is a personal loan EMI Calculator. Yes, one such magical and a smart online device that calculates your EMIs and Interest Outgo of a loan in a hassle-free manner. This tool with its smart algorithms fetches the exact values in just a few seconds. Yes, it is that quick!

    The device starts functioning, after taking into account:

    • Loan Amount
    • Tenure
    • Interest Rate

    The moment you enter these credentials to the device, it will instantly give you the exact and accurate values of your monthly installments and Interest Outgo towards a loan.

    Let’s just get more clarity on the same with the help of an example below.

    Suppose, Akash Gupta, a 30-year-old, Software Engineer by profession is looking for a personal loan of ₹2 Lakh so as to renovate his home. He has applied for the same in DCB Bank and after checking his profile, the lender got agreed to lend him the funds at an interest rate of say 12% per annum for a tenure of 4 years. But before saying yes to the lender, Akash wants to know the exact amount of the monthly installments he needs to pay after availing a loan. Thus, he used a personal loan EMI Calculator online to know his EMIs. He would be paying an EMI of ₹ 5,267 to the lender till 4 years. So, let’s take a look at the calculations in detail below.

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 2,00,00012%1₹ 17,770₹ 13,237₹ 2,13,237
    ₹ 2,00,00012%2₹ 9415₹ 25,953₹ 2,25,953
    ₹ 2,00,00012%3₹ 6643₹ 39,143₹ 2,39,143
    ₹ 2,00,00012%4₹ 5267₹ 52,805₹ 2,52,805

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    YearPrincipalInterestBalance Amount
    1₹ 41,430₹ 21,770₹ 1,58,569
    2₹ 46,685₹ 16,516₹ 1,11,883
    3₹ 52,606₹ 10,595₹ 59,277
    4₹ 59,330₹ 3923₹ 0

    DCB Bank Personal Loan Documents

    Keep the documents ready while applying for DCB Bank personal loan. To know more about the documentation, read the page below.

    For Salaried Individuals:

    • Loan Application Form
    • 2 Passport size photos
    • Salary Slips for last 3 months
    • Identity Proof PAN Card or Driving License or Voter ID Card or Adhaar Card, etc.
    • Residence Proof (Driving License/Voter ID Card/Adhaar card, etc.)
    • Last 3 months Bank Statements
    • Employment Proof
    • Signature Proof

    For Self-employed Individuals:

    • Loan Application Form
    • 2 Passport size photos
    • Identity Proof PAN Card or Driving License or Voter ID Card or Adhaar Card, etc.
    • Office Residence Proof
    • Income Proof: Audited financials for the last 2 years
    • Last 6 months Bank Statements
    • Employment Proof
    • Signature Proof

    How to Apply for DCB Bank Personal Loan

    Applying for DCB Bank Personal Loan is an easy and quick process. You can either visit the bank branch OR you can simply apply online to get the required funds to meet your personal requirements.

    DCB Bank Personal Loan Status

    Knowing the status of your personal loan is easy and quick. All you need to do is just simply login to the site by using your credentials. With the help of doing the same, it would be easy for you to check the real-time status of your loan. No matter what the status is-whether its approved, pending or rejected, it is no more a hassle for you to know your actual status in just the least time frame.

    Features & Benefits of DCB Bank Personal Loan

    • No collateral required
    • Minimum documentation
    • Attractive interest rate
    • Quick loan processing
    • Flexible Repayment Options

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    EMI Calculator