Deutsche Bank

Small Business Overdraft


Get flexibility, liquidity and peace of mind with collateral free Deutsche Bank Small Business Overdraft.
Deutsche Bank Small Business Overdraft, provides access to all the working capital you need to meet your business requirements, helping you make the most of the opportunities that come your way.
Avail Deutsche Bank Small Business Overdraft for the meeting your working capital needs, business expansion or for purchase of equipment.
Here are some of the key features of a Small Business Overdraft:
• Limits permissible - Rs. 10 lakh to Rs. 50 lakhs.
• Tenure - 12 months renewable.
• Attractive interest rates.
• Less documentation, fast processing.
• No collateral required.
• Purpose of Loan - Working Capital
• Personal Guarantee - Key promoters will be required to stand as guarantors to the loan.
• Business Vintage - Minimum three years in the same line of business and operating for three years in the same city.
• Financial - All applicants to submit audited financial statements - Profit & Loss Account, Balance Sheet and Tax Audit report for the last two financial years.
• Bank Statement - Bank statements for six months from the customer’s main bankers.
• Stock & Book Debt/Operating expenses statement rating Based on:
• Robustness of Business Model
• Company's Competence
• Quality of Management
• Competitive scenario
• Industry performance
• Turnover Growth
• Margins
• Financial Ratios

Type of Charges Charges
Default Interest Rate 24% per annum
Credit Maintenance Fee 1% of the sanctioned limit, annually
Documentation & Processing Fees 2% of the sanctioned limit
Renewal Fees 2% of the sanctioned limit
Non Utilisation Fees 2% p.a. of the unutilised drawing power if average quarterly utilisation is less than 65% of drawing power
CIBIL Report Issuance Charges Rs. 50/-
Service Tax Applicable on fees and charges
Stamp Duty Charges on Loan Agreement Depending on local regulations
No Dues Certificate Free
Duplicate Statement Issuance Charges Rs. 500/-
Annual Account Statement Charges Free

• Sanction and Disbursement at sole discretion of the Bank. Schedule of Charges is subject to review by the Bank from time to time. All Fees and Charges mentioned above will attract Service Tax / Education Cess at applicable rates.

Get Enquiry Here

CONTACT
9594111161 / 9967111161
ONLINE CONTACT
perfectsolution.helpdesk@gmail.com
ADDRESS
504, 5th Floor Suchita Business Park,
Raigad Chowk, Station Road, Ghatkopar (E), Mumbai 400 077
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