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A personal loan is a no-collateral, no-guarantor loan, meaning you don’t have to pledge any collateral as security to avail it. You could use the loan amount to fulfil any personal expenses or obligation, or even to fund your business. It could also be used as a debt consolidation tool since its interest rates are generally lower than credit card interest rates. A Personal loan can come handy in times of need. It could help cover personal expenses without the need for declaring the end use.

Interest rates for personal loans in India is generally high, since it is unsecured by any collateral and the bank has no asset to fall back on in case of default. Hence, lenders try to safeguard their money by charging higher interest rates.

The interest rate on a personal loan could range from as low as 11% to as high as 32% per annum or even more. It is influenced by a variety of factors like your credit history including your repayment track record, your credit score, your net annual income, debt-to-income ratio, employment stability etc.

Some features and benefits of ICICI Bank personal loans:

  • Complete flexibility of end use
  • Hassle-free online Personal Loan application
  • Minimal documentation and quick approvals
  • Loan tenure ranging from 1 to 5 years
  • No collateral or guarantor required
  • Easy DCB loan payment options including ECS, postdated cheques, and standing instruction.


Salaried Employees, Salaried doctors, Employees of Public and private limited companies, Government sector employees including Public Sector Undertakings and central and local bodies are eligible to avail a personal loan with DCB Bank.

Age requirement: You should be of a minimum age of 21 years. Maximum age at loan maturity should be 60-65 years. Maximum age varies from lender to lender.

General documents required: You should have a valid set of documents that includes ID proof, income proof and residence proof among others to avail the loan.

Salary requirement: You must draw a minimum net monthly income of Rs. 15,000. Self-employed and business people should be able to demonstrate a consistent income and profit.

DCB Personal Loan Interest Rate 2018:11% to 25% (typical range)

Personal Loan Interest Rates in DCB are competitive.DCB Personal Loan Interest can range anywhere from 11% to 25% per annum though it can be higher, depending on your credit history amongst other factors. You can contact the DCB bank customer care number in order to know the latest DCB Personal Loan Rate of Interest.

How to calculate Interest/EMI on DCB Personal Loan

EMI (Equated Monthly Installment) is the fixed amount of money you need to pay every month, on a fixed date, to your lender, in order to pay off your entire loan (including interest). Your EMI consists of two components: repayment towards the principal (the original amount borrowed) and repayment towards interest charges. To know how much you need to pay per month, you can make use of any online personal loan EMI calculator. You just need to enter the tenure and the amount that you are comfortable with to repay each month of the chosen tenure. With the Personal EMI Calculator, you can also calculate exactly how much of your EMI goes towards servicing the interest.

Using a Personal Loan EMI Calculator will help you determine exactly how much you will need to set aside from your income every month towards your EMI payment. It helps with budgeting and financial planning.

How CIBIL™ score affects DCB Personal Loan Interest Rates

Having a good credit score will help you land the lowest possible interest rates and enables you to get easy and hassle-free access to credit. If you have a poor credit score, either of the two things will happen – your loan application will possibly be rejected, or will be approved at highly unfavorable terms and conditions, like a high interest rate and other restrictions.

It is always advisable to maintain a healthy credit score of 750 and above, by practicing healthy credit habits like paying off your dues on time. If your credit score is poor, make a commitment to improve it to a healthy number before applying for any new credit.

DCB Personal Loan Status

Once DCB Bank receives a completed application form along with the necessary supporting documents, the bank determines whether you are eligible for a personal loan or not. You can check the status of your DCB personal loan online using your application number.

DCB Personal Loan FAQs

Is there any fee associated with the application of an DCB Bank Personal Loan?

Yes, a non-refundable processing fee of around 1% to 2% of the loan amount plus service tax will be levied.

What is the minimum and maximum personal loan amount?

You can get a Personal Loan ranging from a few thousands to a couple of lakhs of rupees depending on your requirement, income, and repayment capacity. It is best to contact the bank directly for details on the loan amount.

What is the tenure offered on DCB Bank Personal Loans?

You can choose from flexible tenure ranging from 12 to 60 months.

Do I need to provide collateral to secure DCB Personal loan?

There is no requirement to provide any security or collateral. However, if your credit history is poor, you might be asked to pledge collateral.

What are the different options for making my EMI payments?

You can repay your Personal Loan by Standing Instruction (SI), Electronic Clearing Service (ECS) or Post-Dated Cheques (PDCs).

How to apply for DCB Personal Loan

There are several ways of applying for an IDBI Personal Loan:


-You can contact the customer care department of DCB




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