Question 1

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

Accepted Answer

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

Question 2

What are the fees and other charges?

Accepted Answer

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 1 st to 19 th of the month will start from 6 th of the next month,while those disbursed 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 only two days after loan disbursal. There are no cancellation charges, but the processing fee and applicable taxes collected will not be refunded.

Personal Loan in New Delhi

Personal Loan in New Delhi

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