Development Credit Bank Business Loan has been successful in providing loan against property to meet any business requirement. There are three kinds of SME loan available by Development Credit Bank.

DCB Easy Business Loan

DCB Working Capital Loan

DCB Express Loan

Development Credit Bank Business Loan can be availed by corporates too. The kinds of loan availed by them are

Working Capital Finance

Term Loan

Corporate Loan

Development Credit Bank Business Loan or ‘DCB Business Loan’ can be availed by

Individuals/Sole proprietorship firms,

 Private or Public Limited Companies etc. to meet short term working capital requirement.

Development Credit Bank Business Loan Review shows that the competitive Development Credit Bank Business Loan Interest rate is the reason for many businesses opting for Development Credit Bank Business Loan.

Development Credit Bank Business Loan Interest Rate:

Development Credit Bank Business Loan rate is 15% per annum and Development Credit Bank Business Loan rate is linked to Mortgage Prime Lending Rate.

Development Credit Bank Business Loan Eligibility:

Development Credit Bank Business Loan review shows that Development Credit Bank Business Loan eligibility criteria are:

• ·Private or Public Limited Companies
• ·Registered or Sole Proprietorship or Partnership firms.
• ·Minimum 2 years of profitable business operations required for Development Credit Bank Business Loan eligibility. 

Development Credit Bank Business Loan eligibility makes it easy for most businesses to apply for Development Credit Bank Business Loan rate.

Whosoever is able to meet the Development Credit Bank Business Loan eligibility criteria is eligible to a Development Credit Bank Business Loan in the range of Rs. 5, 00,000 to Rs. 1,00,00,000.

Development Credit Bank Business Loan documentation process is easy and the common documents required are

Proof of identity

Proof of address

Filled application form

Two photographs

 Development Credit Bank Business Loan Review shows that additional documents required are

Financial Statements

ITR for last 2 years,

Copy of property

Development Credit Bank Business Loan Review shows that Development Credit Bank Business Loan maximum loan tenure is up to 7 years and can be repaid in easy equated monthly installments. Loan processing time is 7 working days. The bank charges prepayment penalty after 6 months of loan disbursement at 2% on principal outstanding and service tax applicable. Penalty is also applicable for late payment which is 3% p.m. and Rs. 500 for cheque bounce.

Development Credit Bank Business Loan Tax benefits: One can get tax benefits if any according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.

More details on Development Credit Bank Business Loan eligibility and Development Credit Bank Business Loan Interest Rate etc. are on the official site at http://www.dcbl.com/