DCB Bank Personal Loan Key Features Mar 31 2023
|Age||25 – 60 (at loan maturity)|
|CIBIL||Minimum 750 or above|
|DCB Bank Personal Loan Interest Rate||9.99% per annum|
|Lowest EMI per lakh||Rs. 2,326|
|Tenure||12 to 60 months|
|DCB Bank Personal Loan Processing Fee||2-3% of the loan amount|
|Prepayment Charges||5% of Outstanding Principal|
|Minimum Loan Amount||Rs. 1 lac|
|Maximum Loan Amount||Rs. 5 lac|
Benefits of DCB Bank Personal Loan
- Attractive Interest Rates i.e 9.99% per annum
- No Need for Collateral
- Less Documentation
- Easy and Affordable process
DCB Bank Personal Loan Eligibility Criteria
The Personal Loan Eligibility Criteria are as follows:
|CIBIL score||750 and Above|
|Min Income||Rs 25,000/month|
DCB Bank Personal Loan Interest Rate, Fees & Other Charges
|Loan principal @ interest||
|1 year||2 years||3 years||4 years||5 years|
|1 lakh @ 12%||Rs. 8,884||Rs. 4,707||Rs. 3,321||Rs. 2,633||Rs. 2,224|
|3 lakh @ 12.5%||Rs. 26,724||Rs. 14,192||Rs. 10,036||Rs. 7,973||Rs. 6,749|
|6 lakh @ 12.75%||Rs. 53,520||Rs. 28,454||Rs. 20,144||Rs. 16,022||Rs. 13,575|
|9 lakh @ 13%||Rs. 80,385||Rs. 42,787||Rs. 30,324||Rs. 24,144||Rs. 20,477|
DCB Bank Personal Loan Documents Required
Documents required for Personal Loan:
|Proof of Identity||Copy of Passport,
Aadhar Card and
Voter ID Card
|Proof of Address||Rent Agreement (Min. 1 year of stay)
Passport (Proof of permanent residence)
|Proof of Income||ITR: Last two Assessment years,
Salary Slip: Last 6 months,
Bank Statement: Last 3 months
*NOTE: In the case of rented apartments, the rent agreement is to be attached.
Documents Required for Self-Employed Applicants:
- All financials are considered (company documents as well as ITR files)
- PAN Card
- Aadhaar Card
- Residence Proof
- Two passport-sized photographs
Personal Loan EMI Calculator for DCB Bank
Personal Loan EMI for different loan amounts and email@example.com% interest rate
|Loan Amount (Rs.)||2 Years||3 Years||5 Years|
|1 Lakh||₹ 4,801||₹ 3,417||₹ 2,326|
|3 Lakh||₹ 14,402||₹ 10,252||₹ 6,979|
|5 Lakh||₹ 24,004||₹ 17,086||₹ 11,632|
|10 Lakh||₹ 48,008||₹ 34,173||₹ 23,263|
DCB Bank Personal Loan Comparison with Other Banks
|Particulars||DCB Bank||Bajaj Finserv||Axis Bank||Citibank||Private Bank|
|Interest Rate||Starting from 9.99%||Starting from 12.99%||15.75% to 24%||Starting from 10.99%||11.50% to 19.25%|
|Tenure||12 to 48 months||12 to 60 months||12 to 60 months||12 to 60 months||12 to 60 months|
|Loan amount||Up to Rs. 20 lakh||Up to Rs. 25 lakh||Rs. 50,000 to Rs. 15 lakh||Up to Rs. 30 lakh||Up to Rs. 20 lakh|
|Processing Fee||2% of the loan amount||Up to 3.99% of the loan amount||Up to 2% of loan amount plus GST||Up to 3% of the loan amount||Up to 2.25% of loan amount plus GST|
How to apply for DCB Bank Personal Loan?
- Apply Personal Loan
- Visit DCB Bank Personal Loan.
- Fill the application form.
- You have to fill in your general information.
- Once you apply, the bank will contact you for the formalities.
- You can apply offline, just ask google personal loan banks near me.
- Just simply visit a nearby branch of personal loans.
Why should you apply for DCB Bank Personal Loan with Dialabank?
Dialabank will help you to choose the right option which is the best for you by comparison to different banks. Dialabank helped thousands of people for getting a personal loan without any issue. Apply with Dialabank today and get special deals on DCB Bank Personal Loan.
Contact us at 9878981166 to avail of DCB Bank Personal Loan.
How to Calculate EMIs for DCB Bank Personal Loan
Calculate the EMIs on your personal loan, just requirement of the basic information regarding the loan –
- Amount of the Loan
- Rate of Interest
Just put these values in the calculator below to find the exact amount payable each month.
DCB Bank Personal Loan Processing Time
DCB Bank takes 15 days for the Processing of Personal Loan Applications. Then, DCB Bank approves the loan in just a few hours to a maximum of 1 to 3days.
DCB Bank Personal Loan Preclosure or Pre Payment Charges
Pre Calculated EMI for DCB Bank Personal Loan
|Loan Amount||1 Year Loan||3 Year Loan||5 Year Loan|
|₹ 1 Lakh||₹ 8,978||₹ 3,417||₹ 2,326|
|₹ 5 Lakh||₹ 44,891||₹ 17,086||₹ 11,632|
|₹ 10 Lakh||₹ 89,782||₹ 34,173||₹ 23,263|
Different Offers for DCB Bank Personal Loan
- DCB Bank has a broad variety of Personal Loan.
- DCB Bank provides Education, Medical, Home Furnishing, Marriage, and Holiday loans.
- The above loans are for salaried and self-employed individuals.
DCB Bank Personal Loan for Salaried Employees
- DCB Bank offers attractive interest rates.
- You can get a loan amount depends on the Company that you are working in.
- You can get a loan according to your salary and the residence.
- DCB Bank offers a tenure of 12 to 48 months that is 1 year to 4 years.
DCB Bank Personal Loan for Self Employed Individuals
- DCB Bank Personal Loan also offers to the self -employed individuals who need funds.
- DCB Bank provides an attractive rate of interest.
- Provides a tenure of 12-60 months.
- You have to show more documents than Salaried Employees.
- Get a maximum loan amount of Rs.5 lakh.
Different Personal Loan offers by DCB Bank
DCB Bank Education Loan
- DCB Bank provides loan amounts from Rs. 50,000 up to Rs. 10 Lakhs for studies in India.
- DCB Bank provides loan amounts up to Rs. 20 lakhs for studies abroad.
- Lowest Interest Rates for top ranking institutions.
- Minimum Net Income: Rs. 1 lakh per annum.
- Complete application with signature.
DCB Bank Marriage Loan
DCB Bank Marriage Loan has the eligibility criteria as the following:
- PAN Card is mandatory.
- Salary Credit Bank Statements for the last 6 months.
- Anyone ID Proof: Driving License, Passport, Voter ID.
- Anyone Residence Proof: Bank Statement, Electricity Bill, Driving License, Passport, Voter ID.
- The requirement of Income Documents of Salaried Spouse.
DCB Bank Personal Loan for Government Employees
- Personal Loans for Government Employees offered at low-interest rates.
- There is a special offer of choosing the tenure for the loan.
- No processing fee.
- Apply by visiting the nearby DCB Bank Loan Branch.
- Also, call 9878981166.
DCB Bank Personal Loan Balance Transfer
Personal Loan Balance Transfer means shifting your personal loan from one lending foundation to another. It will be beneficial to pay the foreclosure charges connected with that loan. Few benefits are the following:
- The Interest Rate is low.
- Extended Tenure for the Repayment
- Get additional features associated with your Loan i.e., no processing fee, etc. based on the CIBIL score.
DCB Bank Personal Loan Top Up
Top up facility on your loan is the secondary amount that you have borrowed from the bank. You can avail of this facility if and only if you have paid 9 successive EMIs at least without any hindrances in the payment.
DCB Bank Personal Loan Overdraft Scheme
DCB Bank Personal Loan Offers an Overdraft Scheme. With this, you are provided with a loan amount as an overdraft facility. It works like a Credit Card, where you can spend your Personal Loan Amount as you want anytime anywhere. The overall loan amount will have a Credit/Loan Limit. In the DCB Bank Personal Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.
Home Renovation Loan
DCB Bank offers home update credit for people wishing to have their homes remodelled. This individual credit will back the vital fixes or permit the borrower to purchase new home fittings, machines, and furniture. Some significant features of the DCB Bank Home Renovation Loan are:
- The subsidizing cost of the DCB Bank Home Improvement Loan begins at as low as 11.25%.
- Individuals will be at risk for a development amount of Rs. 20 Lakhh to have their home rebuilt.
- The credit of DCB Bank’s home rebuilds needs zero documentation, making the whole development time frame liberated from trouble.
- By and large, the development sum is credited to the record within 72 hours before the bank favours the accommodation.
The DCB Bank’s Holiday Loan will assist you with a minor issue while arranging your fantasy move away. The vital features of the Fullerton India Holiday Loan are This individual DCB advance will sponsor a scope of journey related costs, including booking travel tickets, lodging offices, guided visits, etc.
- Financing costs for occasion advances start at 11.25 percent p.a.
- Without many stretch advantages, you can do a proportion of up to Rs 20 Lakh.
- The straightforward and straightforward financing of your move away is ensured by coordinated and negligible desk work.
- Lively advancement arrangement and dispensing that is straightforwardly credited to your record.
Regardless, DCB Bank’s Fresher Funding is exceptional for a prevailing piece of insecure individual credits subject to people with a standard pay. This option in contrast to DCB credit is proposed to help freshers, for example, proceeding with graduated class, for instance searching for their first work. Coming up next are some pertinent features of Fullerton India Fresher Funding’s individual credit:
- Credit amount of up to Rs 1.5 lakh
- Applicants must, at any rate, be 21 years of age.
- The movement of interest for Fresher Funding relies upon the applicant’s profile, the monetary record/score, age of the competitor, and area.
NRI Personal Loan
Explicitly for NRIs, DCB furnishes an individual with progression, understanding the necessities and dreams of NRIs. The chief development chosen one should be an Indian resident, and the co-competitor NRI must be a close-by relative. The Individual Loan for NRIs contains the accompanying features.
- Individual NRI advances of up to Rs. 10 lakh with versatile end-use propels are given by DCB.
- The expense of NRI Personal Loan financing begins at 15.49 percent p.a.
- The credit requires a residency of up to three years.
How to Apply Online for DCB Bank Personal Loan?
Apply for DCB Bank Personal Loan online by visiting the DCB Bank’s online portal. Just fill the form for the DCB Bank Personal Loan application:
- Visit Dialabank.
- Just fill the Application form and submit it.
- Our relationship managers will call you.
- Get personalized service for availing Personal Loan by comparing the features of various banks and selecting the one which is the most suitable as per your needs.
Personal Loan Verification Process
The DCB Bank follows the below-mentioned steps for loan verification:
Step 1 The Bank goes through Dialabank Application and move forward.
Step 2 First step of verification is completed by calling the applicant.
Step 3 Post the conversation with the customer, the bank collects the documents.
Step 4 Documents helps in deciding the Loan tenure, interest rates and amount.
Step 5 After the agreement of the customer, the loan is disbursed.
DCB Bank Personal Loan Status
You can check the status of your DCB Bank Personal Loan by the following methods –
- Visit your loan branch and ask the banker for the same.
- Log In to the DCB Bank Netbanking Portal.
- Press on loans from the top ribbon and click on Enquire to check the status of your loan.
- Type ‘personal loan status’ on Google, open the first link which will take you to the Loan Status Tracker webpage of DCB Bank, and fill in the required information to check the status of your loan.
How to login in DCB portal
- Check the official website of DCB.
- Click on ‘Login’ in the upper right corner of the screen.
- Using your User ID and Password or reported mobile number to log in
How to Check Your Loan Statement
Clients can download the bank’s very own credit proclamation by following the means given below:
- Visit the official site of the bank.
- Select ‘Connect’ and from the drop-down list, choose ‘Administration Requests’.
- On the following page that opens, under the ‘Advances’ menu, click’ Individual Loan Related.’
- Tap on ‘Request for Loan Account Statement’ first.
- Log in using your User ID and the secret word or using your enlisted versatile number and OTP to benefit from the bank’s very own credit clarification.
DCB Bank Personal Loan Restructuring (COVID-19)
Throughout country lockdown, inimically influenced a few borrowers because of the COVID-19 pandemic, and a multi-month prohibition on various term propels was pronounced to direct its impact to a particular degree. DCB pronounced the RBI-directed one-time profit by the individual credit reproduction of DCB after the half-year boycott had terminated.
This instrument is planned to offer help to those borrowers who, because of the progressing cash related challenges of the pandemic, are not yet ready to start reimbursement of their ordinary EMI.
The credit objective plan of DCB suggests an extra boycott of up to two years or an expansion of the current repayment term to diminish EMI portions from month to month. As an essential concern, it is basic that the recovery of your individual advance from DCB will bring about extra premium charges a long way past those of the main development.
As an outcome, if whatever else fizzles with the expectation of not winding up defaulting on your extraordinary credit, you can just utilize this help instrument.
DCB Bank Customer Care
Customers can contact DCB Bank customer care via any of the following means:
- By Phone: You can call DCB on 9878981166 (toll-free)
- Callback Request: You can also request a call back by visiting the bank’s website
- Online Chatbot: You can also get your queries answered by the iPal chatbot online
- Branch Visit: You can visit the nearby DCB branch to get your queries.
Benefits of Applying for Personal Loan on Dialabank
There are several points of concern when applying for a personal advance on the Dialabank website. Underneath some of them are provided:
- 24 x 7 Availability: At whatever point and anyplace you can get to the site of Dialabank, and thusly, when your home or office is agreeable, apply for individual development.
- Numerous moneylenders : Dialabank engages you to get singular credit offers from different planned advance experts on a single stage and along these lines wipes out the need to visit distinctive bank locales or branches.
- Know EMI: On the EMI calculator, you can check the EMIs you would be paying on an individual credit even before you apply for one. It will help you with getting the reasonable total that you can without a very remarkable stretch repay and have a supportive repayment plan.
- Cost Free Analysis: Additionally, you are not supposed to pay any charges when you apply for an individual advance on Dialabank.
Below are some critical points you ought to consider while applying for an individual DCB Bank credit:
- It is ideal to check your monetary evaluation in any circumstance while applying for individual development. The odds of your credit support are worked by a solid credit appraisal and can permit you to profit by an individual development on better footing.
- Before choosing a particular bank, it is judicious to consider the expense of an individual credit (premium cost and every single reasonable cost and charge) offered by various moneylenders on Dialabank.com.
- Secure as indicated by the need and repayment capacity. Do whatever it takes not to win since you’re set up to get a higher sum. It just adds to the cost of your advantage and has relatively few points of interest as time goes on.
- Do whatever it takes not to apply all the while with different moneylenders for singular advances. This shows that you are ready for credit and expands the quantity of complex credit report standards, which can antagonistically affect your FICO score.
FAQ’s About DCB Bank Personal Loan
✅ What is DCB Bank Personal Loan?
Personal loans with minimum documentation become trouble-free as no security is necessary. DCB Bank provides personal loans to its pre-approved individuals in just 10 seconds and within 4 hours for the new customers.
The interest rate starts from 9.99% per annum and the loan amount can be used by the borrower for any personal financial need ranging from higher studies or a vacation to using the amount for day to day expenses.
✅ How does DCB Bank Personal Loan work?
The first step would be to check your eligibility for the DCB Bank personal loan which can be done online. If you are a pre-approved DCB Bank customer you can avail of the loan within seconds and for others, the loan disbursal on average takes 4 hours.
You can avail up to Rs. 20 Lakhs with the lowest interest rates depending on your eligibility criteria and credit history. Repayment of the loan can be done on an EMI basis or as agreed upon in the loan agreement.
✅ What is the Personal Loan rate of interest in DCB Bank?
The personal loan rate of interest in DCB Bank is 9.99% per annum with a repayment tenure ranging between 1 to 4 years. For checking the updated RBL Bank Interest Rates visit us at Dialabank’s digital platform.
✅ What is the Processing Fee for DCB Bank Personal Loan?
DCB Bank charges a processing fee of 2-3% of the loan amount plus GST.
✅ What is the procedure of a Personal Loan in DCB Bank?
The steps to avail of a personal loan with DCB Bank is trouble-free. Apply for DCB Bank personal loan by visiting the nearby branch with your necessary documents, through a DCB Bank ATM. You can also contact and apply with Dialabank for personalized assistance. The steps include:
- As per your necessity, the Calculation of the loan amount is required.
- Checking your loan eligibility online or visit the branch.
- Approaching the bank with your preferred method. It can be online or offline.
- The required documents with the banker have to be submitted.
- The expense of the loan amount once your application and documents have been verified and approved.
✅ How can I get DCB Bank Personal Loan?
Getting a Personal Loan from DCB Bank is a simple procedure as minimum documents ensure a quick expense time. You have to check your eligibility status. You can contact the bank either online or by visiting the nearby branch. After submission and verification of the required documents, the loan amount will be credited to your bank account within 4 hours.
✅ How to apply for a Personal Loan in DCB Bank?
A personal loan is a security free loaning option to meet all your financial needs. You can apply for a personal loan with DCB Bank with minimal documentation and get a loan amount at a faster rate.
You can also apply with Dialabank to avail of personalized guidance and get the best deals and offers.
✅ Why apply for DCB Bank personal loan?
DCB Bank is one of the leading and trusted agents of personal loans in India, it offers the best loan options that come with a different array of features and attributes. They provide personal loans at low interest rates with minimum documents for an easy and trouble-free process. The average expense time for a new customer is 4 hours.
Loan Repayment can be done through EMIs or through online payment options as preferred. Repayment tenure ranges between 12 to 48 months.
✅ How much EMI on DCB Bank Personal Loan?
EMI (Equated Monthly Installment) is the amount payable to the bank every month as repayment of your personal loan. The EMI on DCB Bank personal loan depends on the loan amount, interest rate, and the tenure of the loan.
It can easily be calculated using the EMI calculator on Dialabank’s website.
✅ How much CIBIL score is required for DCB Bank personal loan?
DCB Bank requires a CIBIL score over 750 with 700 being the absolute lower limit. You can increase your CIBIL score by making timely payments of your EMIs and credit cards.
✅ Minimum credit score needed for DCB Bank personal loan?
A credit score is a 3 digit number between the range of 300-900 which reflects the creditworthiness of the borrower. It is based on your past credit files and your performance in the repayment of your loans. RBL Bank requires you to have a minimum credit score of 750 to become eligible for a personal loan.
✅ How to calculate DCB Bank personal loan EMI?
EMI on personal loan can be calculated using the formula, E = P x R x [(1+R)^N] / [(1+R)^N-1] where,
P= Principal or your loan amount,
R= Rate of interest, and
N= Loan Tenure.
You can easily calculate your EMI online at Dialabank’s website for free and compare offers from different banks and finance companies.
✅ What can I use DCB Bank personal loan for?
You can use your DCB Bank personal loan for several reasons ranging from small bill payments and daily expenses to a medical emergency and bigger expenses such as debt consolidation, wedding, etc.
Fulfil all your monetary needs with a personal loan by applying online at Dialabank’s digital platform.
✅ Can I prepay DCB Bank personal loan?
When a borrower pays off their loan entirely or in part before the agreed due date, it is termed as prepayment or preclosure. DCB Bank gives you the option to prepay your personal loan provided that you have at least paid 12 month’s EMIs.
You will be charged with a preclosure fee of up to 4% of your outstanding loan amount depending on the number of EMIs left to pay.
✅ How to prepay DCB Bank personal loan?
Steps to prepay your DCB Bank personal loan:
- Collect the required documents (PAN, Id proof, and any other loan documents)
- Visit your loan branch and ask for the balance and any pre-closure charges or penalties.
- You will be prompted to fill a form requesting the prepayment of the loan.
- Pay the prepayment amount (cash up to Rs.49000, Cheque, or DD) and take its acknowledgement.
- Your loan will be closed as soon as the bank receives the fund.
✅ How to repay DCB Bank personal loan online?
You can pay your personal loan EMI online in just 5 steps:
- Visit the payments page on DCB Bank’s website.
- Click on ‘PAY ONLINE’ and enter your ‘Loan No.’ and ‘Date of Birth’.
- Select your net banker from the drop-down menu and click on PAY.
- You will be securely redirected to the bank payment interface of your chosen net banking option.
- Complete the payment and you will receive an online transaction confirmation. You can also pay your RBL Bank personal loan on Paytm.
✅ What documents are needed for DCB Bank personal loan?
DCB Bank provides easy hassle-free personal loans with minimal documents. You will need your Aadhar card/Voter ID, PAN card, Bank statement of the last 3 months, and the latest salary slips/ITR file.
For more information and personalized assistance, you can contact Dialabank’s financial helpline number.
✅ How to check DCB Bank personal loan status?
You have an option to check the status of your DCB Bank personal loan by asking at their customer care.
✅ What is the DCB Personal Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of DCB Personal loan account.
- Pay the pre-closure charges as per DCB Personal Loan.
✅ What are DCB Personal Loan preclosure charges?
DCB Personal Loan preclosure charges are Nil.
✅ What is the DCB Personal Loan overdraft scheme?
For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at DCB Personal Loan is provided, it gives you an online way to get your own overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit bank branches and go through a boring process. Just log in to DCB online banking portal and from there you can fill out a simple form and get an overdraft under your name.
✅ What is DCB Personal Loan maximum tenure?
DCB Bank Personal loan maximum tenure is 60 months.
✅ What is DCB Bank Personal Loan minimum tenure?
DCB Bank Personal Loan minimum tenure is 12 months.
✅ What is the DCB Bank Personal Loan customer care number?
The customers get in touch with the bank via call on 9878981166.