Personal Loan in New Delhi

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It’s the country’s seat of power. Politicians, bureaucrats, the military and the media top brass all live here. So do thousands of people who’ve moved here from neighbouring states and beyond in search of jobs and a better way of life. In terms of civic amenities, Delhi (Dilli to insiders) probably has the best roads, although it also has the most significant number of cars than any other metropolis in the country. But what’s power without money when you need it? Enter digibank by DBS, with quick, easy personal loans in Delhi meant to help you tide over those difficult times, or even celebrate the good times.

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Here are some attractive features of digibank personal loans:

  • Easy to use online EMI calculator
  • Loans available from Rs. 20,000 to Rs.15 lakh
  • Interest rates starting at 10.99% and up to 34% depending in eligibility and tenure
  • Tenure can range from 12 to 60 months

Money may not always be everything, but it comes in useful during good and bad times. With digibank by DBS, you can get that personal loan in Delhi without any fuss, just download the app.

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Here are the advantages of a digibank personal loan:

  • Truly paperless: To apply for a digibank by DBS personal loan, all you need is a smartphone
  • A 100% digital process means you do not have to submit any paper documents or visit a branch
  • If you are already an eligible digibank customer, you get instant disbursal of pre-approved loans
  • Your interest rate is fixed for the tenure, which means you don’t have to worry about fluctuations due to external factors
  • Since we don’t offer a part-disbursement facility, the loan (after deducting fees and taxes) is credited to your digiSavings account

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Documents Required for a Personal Loan in New Delhi

Though digibank by DBS offers entirely paperless loans, you’ll need to provide relevant information to apply. Here’s a look at what you’ll need to do:

  • Fill out the correct personal details
  • If your requirement for a personal loan in Delhi is over the approved limit, however, you’ll need to upload your bank details or statements (other than digibank by DBS)
  • We won't ask you for salary slips, IT returns or any other proof of income
  • Once you've used our simple EMI calculator and selected the plan which suits you the best, download our app, fill out the details and you are good to go
  • The entire process takes just a few minutes

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How to Apply for a Personal Loan in New Delhi

If you are new to digibank by DBS, you need to download the digibank mobile app on your smartphone, launch the app and click on the 'Get Personal Loan' link on the login page

  • If you're already a digibank account holder, you need to start the app on your smartphone, log in and tap “Loans” in the navigation menu
  • Once you’ve filled in the personal details, your personal loan amount will be transferred to your digiSavings account after account verification, which takes a couple of days or less
  • If you are applying for a pre-approved loan, you can expect the funds in your account within a few minutes of your application

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Frequently Asked Questions

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

To avail a personal loan from digibank by DBS, you have to complete these criteria:

  • 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
  • And you need to have an income of at least Rs. 30,000 per month
What are the fees and other charges?

With a digibank by DBS personal loan, everything is transparent. Here’s a look at our fees and charges:

  • Processing fee: 1% to 3% of the loan amount + GST as applicable
  • Foreclosure charges: You can foreclose 12 months from the date of disbursement. The charges are collected on the principal outstanding + GST as applicable. Here are the fees for different tenures:
    • 2-24 months: 4.5%
    • 25 to 36 months: 2.5%
    • 36 months or more: 2%
  • The same rates apply to part prepayment charges, which can only be done after 12 months from date of disbursement subject to a maximum of two pre-payments in a year
  • If the standing instruction is dishonoured, you will be charged Rs. 600/- per instance + GST, and there will be a penal interest rate calculated at 24% per annum, i.e. 2% per month, on the overdue instalment
  • EMI for personal loans in Delhi disbursed between 1st to 19th of the month will start from 6th of the next month, while those disbursed after the 20th of the month will begin from 10th of the following month
What if I change my mind about the loan?

Loan cancellation can be only be done only two days after loan disbursal. There are no cancellation charges, but the processing fee and applicable taxes collected will not be refunded.

**All loans will be given out at the sole discretion of DBS Bank India Limited.

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