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Deutsche Bank AG is a German global banking and financial services company headquartered in the Deutsche Bank Twin Towers in Frankfurt. With over 100,000 employees in more than 70 countries, it has a large presence in Europe, the Americas, Asia-Pacific, and the emerging markets. Its core business is investment banking, which represents 50% of equity, 75% of leverage assets, and 50% of profits.
About Deutsche Bank
Deutsche Bank AG banking services offers various services, including, sales, trading, research and origination of debt and equity, mergers and acquisitions (M & A), risk management products such as, derivatives, corporate finance, wealth management, retail banking, fund management, and transaction banking. The Bank aspires to be the leading global provider of financial solutions for demanding clients and consequently, to create exceptional value for its shareholders and people. Deutsche Bank AG financial services emerged to be the largest foreign exchange dealer globally with a market share of 21%, in 2009.
Founded in Berlin in 1870 as a specialist bank for foreign trade, the Bank’s statute was adopted on 22 January 1870. It was a granted a banking license on 10th March 1870 by the Prussian Government. The statute, laying immense emphasis on foreign business, stated that the objective of the company would be to transact banking business of all kinds, in particular to promote and facilitate trade relations between Germany, other European countries and overseas markets.
Deutsche Bank in India is a fully integrated financial services provider to Indian corporate, institutional and individual clients. Its services encompass on-shore investment banking, institutional equities broking, asset and private wealth management, retail banking, and business processes outsourcing.
Deutsche Bank AG Loans:
Deutsche Bank AG Home Loan : This loan has been tailored to help the customers realize their dream of a perfect home. Be it purchasing a new house or renovating the existing one, the Bank offers a wider range of home loan options to suit your individual needs. According to Deutsche Bank AG loan details, one can avail a home loan that amounts up to Rs. 10 crores. The borrower can enjoy the flexibility of tenures that ranges from 5 years to 20 years. Besides, he/she can also choose between a fixed or a floating interest rate for the loan and thus be at complete peace of mind, thanks to the competitive interest rates and savings on taxes under Income Tax Act, 1961. In order to satisfy the eligibility criteria, the applicant (salaried or self-employed) should at least be 23 years of age. Deutsche Bank AG home loan eligibility norms mention that the maximum age limit is 65 years or retirement, whichever is earlier. The borrower should have a minimum gross annual income of Rs. 500,000.
One can get the maximum value out of one’s property as the Bank provides loan up to 80% of the current value of the property loan. Deutsche Bank loan advantage is that the documentation process is also simple and friendly, thus facilitating a quicker process of the application. Further, another benefit that the borrowers enjoy is the transfer of home loan from one bank to another. If one is paying a higher interest rate on his/her existing home loan, he/she has the option of transferring the outstanding balance of the existing loan to Deutsche Bank at the current interest rates. The Deutsche Bank home loan interest rates are calculated only on the outstanding loan amount, which reduced every time the EMIs are paid off or any pre-payments are made. This significantly lowers the effective interest amount. The loan amounts are decided on the basis of repayment capacity and other factors such as, income, age, qualifications, number of dependents, assets, liabilities, savings history, stability and continuity of occupation. What’s more, the repayment plan can be chosen by the particular borrower according to his/her convenience. The flexible loan tenure options range from 5 years to 20 years. The Bank also provides exclusive insurance plan that can cover the home loan in the face of any unforeseen event happening, when the borrower and his family can fall back on the insurance cover to pay for the outstanding loan, without being burdened by the loan EMIs.
Deutsche Bank AG Personal Loan: Deutsche Bank Loan scheme for Personal Loan has been designed to fulfill your dreams, be it a family vacation, a household appliance, or a child’s education. With competitive interest rates, no security, collateral or guarantor required, and the facility of balance consolidation for the Personal Loan outstanding, the Bank makes sure that the customer enjoys complete convenience. In order to apply for personal loan Deutsche Bank AG, the minimum age of the applicant should be 25 years, while the maximum age limit is 60 years. The monthly take-home income should at least be Rs. 25,000. An applicant can avail loans amounting from Rs. 50,000 to Rs. 15,00,000 and repay it at his/her ease by opting for tenures that range from 12 months to 48 months. He/she can also enjoy the option of transferring the loan to the Bank at the current Deutsche Bank lending rates. The borrower can also get an additional loan, as per the eligibility criteria when he/she transfers the existing loan from any other Bank to Deutsche Bank. With easy documentation and quick approval process, the Bank ensures a simple and friendly journey to meet the urgent financial needs of the customers. Also, all Deutsche Bank customers having a Payroll/Savings/Current Account can avail of loan at the current interest rates without providing any income documentation.
Deutsche Bank AG Loan Against Property : With this, one can get a loan of up to Rs. 10 crores, against both residential and commercial property. The Bank provides loans up to 75% of the property market value. This loan against property from Deutsche Bank AG can be used to meet business needs or for other financial commitments. The loan repayment can extend from 5 years to 15 years. The minimum age of the applicant should be 23 years, while the maximum age limit is 65 years or retirement, whichever is earlier. The minimum gross annual income should at least be Rs. 500,000, for both salaried and self-employed individuals. For commercial properties, the maximum quantum of finance is Rs. 5 crores. Thus, a borrower may avail a loan against his/her occupied office premises or a shop. When it comes to residential property, it can be either self-occupied or rented out. However, properties co-owned by minors/HUF/trusts are not eligible for Loan Against Property.
Deutsche Bank AG Business Loan : Under this scheme, the Bank provides easy and collateral free loans for small and micro enterprise engaged in manufacturing, processing, preservation of goods or rendering services. The loan can be availed for the purpose of working capital, business or purchase of equipment. The loan amount can range from Rs. 10 lakhs to Rs. 50 lakhs. According to the Deutsche Bank loan against property eligibility criteria, the applicant must meet the Reserve Bank of India’s definition of Micro/Small Enterprises. He/she should have been minimum three years in the same line of business and operating for three years in the same city. With flexible and attractive Deutsche Bank Loan against property interest rates, coupled with less documentation and faster processing, this loan has been tailored to serve any business purpose, including expansion and medium/long term working capital requirement.