Personal Loan in Hyderabad

Q: What if I change my mind after sanction?

You can cancel loans only 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.

Q: What are the fees and other charges?

With a DBS Digibank personal loan, what you see is what you get Processing fee: 2.5% 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 1st and 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

Q: How do I pay my EMI?

Paying your digibank by DBS personal loan EMIs is easy. It will be debited from your digisavings account. All you need to do is ensure that your account has enough funds at least two days before the EMI payment date. EMI can only be paid through your digisavings account. There’s no option of repayment from other bank accounts. We’ll also send you regular EMI due date and EMI payment notifications.

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Personal Loan in Hyderabad

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Hyderabad means different things for different people. There’s the glittering modern new IT hub, with its skyscrapers and fast-paced, hep lifestyle. And then there’s the old-world city, dominated by towering minarets of the Charminar and the Golconda Fort, redolent of biryani and Nawabi Tehzeeb.

digibank by DBS offers personal loans in Hyderabad tailored to meet the varied needs of the local population, ranging from nawabs with their traditional ways to the go-getting youngsters looking for a good life, plus everyone in between. So whether you need funds to renovate your haveli or do up your modern apartment, fix your antique automobile or buy the latest model, digibank by DBS is there for you.

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Features

Here are some of the unique features of a digibank personal loan:

Paperless and seamless process
Easy online personal loan EMI calculator helps you plan for expenses after taking the loan
You can get loans from Rs. 20,000 to Rs. 15 lakh
You can choose a tenure between 12 and 60 months
Best interest rates from 10.99% and up to 34%, depending on your eligibility and loan tenure

Once you reach the right amount and tenure, you can go ahead and apply for a personal loan.

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Benefits

A digibank by DBS personal loan in Hyderabad is a new-age offering meant for people who need funds quickly, with minimal hassle. Here are the benefits of a personal loan by digbank which you shouldn’t miss out:

Entirely paperless via the digibank by DBS app
Quick disbursals directly in your account
Transparency in disclosing rates and charges
No hidden costs

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Documents Required for a Personal Loan in Hyderabad

Here’s what you should know about digibank personal loan document requirments:

We require zero paperwork
Keep your PAN/Aadhaar number ready
If you need a personal loan that’s more than the approved limit, don’t fret. You’ll need to upload your bank details or statements (other than digibank by DBS)
We’ll never ask you for salary slips, IT returns or any other proof of income
The entire process takes just a few minutes. Once your details are verified, sit back and wait for the money to be transferred to you

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How to Apply for Personal Loans in Hyderabad

Follow these steps to apply for a digibank personal loan:

Launch or log in to the digibank by DBS mobile banking app on your smartphone
Open a digiSavings account
If you already have a digiSavings account, click on ‘Loans’ to get started
Follow the instructions and complete the digital form
Complete the subsequent biometric verification that takes two days
Get the loan amount directly in your digiSavings account

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Open Instant digibank Savings Account in just a few minutes.

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Fill your details and complete KYC.

Activate your digibank savings account.

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Frequently Asked Questions

What is an EMI?

The full form of EMI is equated monthly instalment, which is a fixed sum you have to pay each month. This includes repayment of principal and interest. The amount of EMIs you have to pay depends on the loan amount or principal, tenure, and the rate of interest.

What is an EMI?

What if I change my mind after sanction?

You can cancel loans only only within two days of disbursal of the loan. There are no cancellation charges, but the processing fee and applicable taxes collected will not be refunded.

What if I change my mind after sanction?

You can cancel loans only only within two days of disbursal of the loan. There are no cancellation charges, but the processing fee and applicable taxes collected will not be refunded.

What are the fees and other charges?

Transparency is a crucial factor for us. Our nominal and extremely competitive fees and charges are listed below. You will never be billed for anything else.

The processing fee is 1% to 3% of the loan amount + GST as applicable.

Foreclosure charges depend on tenure. You can only foreclose a personal loan 12 months from the date of disbursement. Charges are collected on the principal outstanding + GST as applicable. Charges for varying tenures are:

2-24 months: 4.5%
25 to 36 months: 2.5%
36 months or more: 2%

You have to pay the same rates for part-prepayment, which can only be done 12 months after the date of disbursement subject to a maximum of two prepayments in a year.

Charges of Rs. 600 per instance + GST, and penal interest at 24% per annum will apply in cases of default.

What are the fees and other charges?

Transparency is a crucial factor for us. Our nominal and extremely competitive fees and charges are listed below. You will never be billed for anything else.

The processing fee is 1% to 3% of the loan amount + GST as applicable.

2-24 months: 4.5%
25 to 36 months: 2.5%
36 months or more: 2%

You have to pay the same rates for part-prepayment, which can only be done 12 months after the date of disbursement subject to a maximum of two prepayments in a year.

Charges of Rs. 600 per instance + GST, and penal interest at 24% per annum will apply in cases of default.

How do I pay my EMI?

Paying your digibank by DBS personal loan in Hyderabad EMIs is easy. It will be debited from your digiSavings account. All you need to do is ensure that your account has enough funds at least two days before the EMI payment date. EMI can only be paid through your digiSavings account. There’s no option of repayment from other bank accounts. We'll also send you regular EMI due date and EMI payment notifications.