DCB Bank Business Loan

Business loans help you with the expansion of an existing business or finance a new one. It is a great way to secure your funding and to enhance your working capital. Development Credit Bank (DCB) offers business loans that cater to all your budgetary necessities. DCB Bank is a private sector bank with around 176 branches and over 400 ATMs in the country.

Established in the 1930s, DCB Bank is headquartered in Mumbai and has over 3500 employees. DCB bank services range from small and medium business loans, to retail loans such as home loans, loan against gold, commercial car loan. The bank offers SME banking, retail banking, corporate banking, wealth management, and credit cards, amongst others. Regulated by RBI, DCB Bank is dedicated to boost budding entrepreneurs and develop economically sound businesses.

Check Your Eligibility

Overview Of DCB Bank Business Loan

DCB Bank business loans provide you the option to obtain a higher loan amount upon your property value. With your property value, you can obtain as high as 60% of the market value and help to achieve your business goals such as business expansion, operations expansion, purchase of new equipment, etc.

Why Pick DCB Bank Business Loan?

DCB Bank business loans covers all your financial needs for your business to go up and running. It covers your working capital deficit and meets your requirements for immediate capital required for your business. DCB Bank has a dedicated bunch of relationship officers who are there to address any queries pre and post the application process. The bank also offers insurance schemes at a reasonable rate of interest that covers your loan from any critical illness or death.

Features of DCB Bank Business Loan

DCB Bank Business Loans offer a lot of exciting features:

✔ Higher loan amount – DCB Bank offers maximum amount of loan based on a business requirement and the cash flow. DCB Bank offers schemes tailored for every individual case.

✔ Greater Loan to value scheme –By keeping property as collateral, DCB Bank allows you to obtain upto 100% of the property value, which provides maximum funding.

✔ Discounts on lease rental – DCB bank allows you to make monthly incomes as a source of funds that can be used for business requirements.

✔ Facility for balance transfer – DCB Bank offers special schemes on your existing loans and also provides extra funds as per your necessity.

✔ Insurance plan offers – DCB Bank covers your loan amount in an unforeseen death or serious illness through insurance plans at low premium rates.

✔ Wider Network – DCB Bank provides a dedicated network of more than 145 branches in over ninety cities all over India to accommodate all your loan requirements.

✔ Long-term repayment options upto fifteen years.

✔ No guarantors required and flexible repayment modes through post-dated Cheques, ECS or SI.

Benefits of Applying DCB Bank Business Loan on Letzbank

At Letzbank, we help you get the best loan option by providing you a variety of loan choices. Our wide coverage on different bank offerings and quick access to loan comparisons makes you choose the option that is best for your requirements. Letzbank also gives you the access to Instant Quotes from bank that you would like to avail loan from and what’s more, once you have made a choice, you are apply for the loan on your website itself. Our hassle free and quick online application form and all the other services that we provide are absolutely free!

Letzbank also provides additional services that are highly beneficial to anyone seeking a loan. Our Credit Score feature allows you to check your credit score information so that you are aware of your financial ability. Simply click on the Services tab mentioned at the top of Letzbank.com website and it will take you to the Experian website. Letzbank.com has partnered with Experian – a leading credit information company that allows you to check your credit score online.

Letzbank also offers you the services of filing your Income Tax Returns online in a timely manner. By partnering with a Tax Services Company called clearTax, Letzbank offers its customers the easy of filing IT Returns online free of charge!

Letzbank also offers an online Document Locker facility, which helps you to safeguard your documents and identity in one place. Whenever you process a transaction on Letzbank.com, you have the option to safely store your documents online for any future services. Document Locker maintains information security at all levels and it is a completely safe and secure way to leave your information online at our website without compromising on your security.

DCB Bank Business Loan Eligibility

DCB Business bank has the following eligibility criteria. This is not an exhaustive list and the bank may have additional eligibility requirements as per their internal policies.

The business must be in existence for a minimum period of three years and the property that is to be kept as collateral must not be a vacant land and the approved map and the municipal area details must be provided.

DCB Bank Business Loan Documentation Process

DCB Bank’s loan documentation process is as follows:

Salaried

✔ Age Proof

✔ Address Proof

✔ Identity Proof

✔ Last three months salary slip

✔ Last three years’ Form 16

✔ Bank statements for the past

✔ Title Document copy

✔ Cheque for processing fees

Self Employed

✔ Age Proof

✔ Address Proof

✔ Identity Proof

✔ Proof of business and Business tenure

✔ IT returns for the last three years with Financials

✔ Bank statement, both individual and business for the past six months

✔ Title Document copy

✔ Cheque for processing fees

DCB Bank Business Loan Interest Rates

DCB Bank offers business loan at a floating interest rate of 13.29%. A processing fee of upto 1% of the total loan is charged.