Personal Loan

Frequently Asked Questions

We will be happy to help you out with a Personal Loan between Rs. 25,000 and Rs. 15 lakhs. The loan amount depends on your eligibility.


The interest rate for any digibank Personal Loan remains fixed throughout the loan’s tenure. The rate is a reducing balance interest rate.


Your Personal Loan tenure depends on your eligibility. It could be anything from 12 months up to 5 years.


The processing fee is a one-time fee and it depends on your eligibility. It will be deducted from your loan amount. The remaining amount will be credited to your digiSavings account. We don’t charge any annual fees.


Here’s some important information on the charges & fees connected to a Personal Loan:
A one-time processing fee will be charged along with applicable taxes when you avail of a Personal Loan. You will also have to pay monthly EMI during the repayment tenor to repay your Personal Loan. The rate of interest and processing fee will depend on your eligibility. It will be displayed on your screen when you check your eligibility. Other charges may include late payment charges, part payment charges and foreclosure charges. Click here to view fees and charges for Personal Loan.


Our Personal Loan application process takes a few minutes to complete. Once you complete the application process, your Personal Loan amount will be transferred to your digiSavings account after your account verification.


Our Personal Loans are hassle-free. You do not need a guarantor, collateral or a co-applicant to get a Personal Loan from us.


Applying for a digibank Personal Loan is completely paperless. You just need to give some personal details to apply. In case you need a loan that’s over the approved limit, we’ll need your bank details or statements to be uploaded. No other documents like salary slips or IT returns are needed.


Full pre-payment of your digibank Personal Loans is allowed any time after 12 EMI repayments of your loan. Pre-payment can be done from digiSavings account after payment of the applicable charges.


Part pre-payment of your digibank Personal Loan is allowed any time after 12 EMI repayments. You can complete pre-payment from your digiSavings account after you pay any applicable charges and taxes.


Paying your digibank Personal Loans’ EMI is easy. It will simply be debited from your digiSavings account. All you need to do is ensure that your account is sufficiently funded at least two days before the EMI payment date. EMI can only be paid through your digiSavings account. There is no option of repayment from other bank accounts. We’ll also send you regular EMI due date & EMI payment notifications.


After you take a digibank Personal Loan, download the repayment / loan schedule from the 'Statements' section under 'Personal Loans' on the dashboard or the digibank menu.


You can cancel your Personal Loan within 48 hours of the loan amount being credited to your account. We won’t levy any cancellation charges in this period, but the processing fee you paid can’t be refunded.


The Personal Loan amount is credited only into your digiSavings after you complete the application process and account verification on the digibank app. The amount credited to you will be after deduction of the processing fee and applicable taxes. The full loan amount will be credited to your account as we don’t offer a part disbursement facility.


digibank Personal Loans are paperless, signatureless and hassle-free loans. We really do not ask for any physical documents or ask you to fill any paper-based application forms. You can apply for the loan at your convenience by clicking on the apply now button on this page or by downloading the digibank app. There’s no need to visit a branch.


The interest rate & processing fee for your Personal Loan is based on your eligibility. There is no provision for changing the interest rate or processing fee we offer.

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