Question 1

Who’s eligible for a digibank by DBS personal loan in Chennai?

Accepted Answer

Here are our eligibility criteria to avail a digibank personal loan: You need to be at least 22 years old,and no older than 60 at the time your loan matures You can be salaried or self - employed You need to have an income of at least Rs.30,000 per month

Question 2

What are the fees and other charges?

Accepted Answer

Here are our fees and charges if apply for a digibank personal loan: Processing fee: 1 % to 3 % of the loan amount + GST as applicable Foreclosure charges: You can foreclose 12 months from the date of disbursement.Charges are collected on the principal outstanding + GST as applicable.Costs for various tenures are as follows: 2 - 24 months: 4.50 % 25 to 36 months: 2.5 % 36 months or more: 2 % The same rates apply to part prepayment charges.You can start prepaying only after 12 months from the disbursal date.The number of times you can prepay in a year is limited to twice.Charges of Rs .600(+GST), and penal interest at 24 % per annum will apply in case you default EMI for loans disbursed between 1 st and 19 th of the month will start from 6 th of the next month,while those paid after the 20 th of the month will begin from 10 th of the following month

Question 3

What if I change my mind about the loan?

Accepted Answer

Loan cancellation can be only be done during the two-day 'free look' period after the disbursal of the loan. There are no cancellation charges, but the processing fee and applicable taxes collected will not be refunded.

Personal Loan in Chennai

Personal Loan in Chennai

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