Ujjivan Small Finance Bank Personal Loan

Ujivan Small Finance Bank offers its customers personal loans, but this loan is eligible applicants can apply for the personal loan. So the Ujjivan Small Finance Bank personal loan provides individuals seeking financial assistance to meet their needs. So here we will discuss more about the personal loan which is offered by the Ujjinvan small finance bank.

Overview 

Ujivan Small Finance Bank offers personal loans, starting from 24.5% p.a. For the loan amount of up to INR 3 lakh which is for the tenure of up to 3 years. So the lender also offers top-up loans of up to INR 1 lakh to this bank's individual loans. A quick overview of the Ujjivan Small Finance Bank personal loan.

Highlight	Details
Interest rate	24.25% p.a. onwards
Loan Amount	INR 50,000 to INR 3 Lakh  INR 51,000 to 1 Lakh for the Individual Agriculture loans
Processing Fees	2% of the  loan amount
Tenure	Up to 3 Years

How to apply online for a Personal Loan?

If you want to apply online for a personal loan from the Ujjivan Small Finance Bank, so for you have  to follow the  given below instruction step by step: 

1. First, you have to click on the Ujjivan Small Finance Bank personal loan website.
2. Then check whether you are an existing customer or not, so if you are an existing customer then enter your customer ID and mobile number.
3. Enter the captcha that is displaying on your device screen.
4. Click on the submit button. So once you log in then follow the other given steps which given to apply for a personal loan.
5. If you are a new customer, then they will provide you with a host of information such as name, email ID, mobile number, city in which you reside, types of employment, etc.
6. Agree with all terms and conditions, and policy for the personal loan. 
7. Click on the Proceed button, and then a bank representative will get in touch with you.

What is Ujjivan's Small Finance bank loan Interest Rate?

Here is the Ujjivan Small Finance bank loan Interest rate, which ranges from 24.25% p.a.  To 25.50% p.a.

• Maximum Interest Rate is 25.50% p.a.
• Minimum Interest Rate is 24.25% p.a.

What are Ujjivan Small Finance Bank's Personal loan fees and charges?

Here are the Ujjivan Small Finance bank loan Personal loan fees and charges, so given below information:

Particular	Charges
Late Payment Fee	INR 100 per late EMI
Processing Fee	2% of the loan amount
Franking Charges	As per state laws
Pre-closure Charges	There is a 2% outstanding principal, so if the user pre-closes the loan after paying 75% of the loan amount, no pre-closure fees are charged. But does not apply to the Home Improvement Loan (HIL)

Ujjivan Small Finance Bank Personal Loan Document Required

Here are the applicants of the Ujjivan Small Finance Bank personal loan are required to submit the following documents:

• You need to submit one photograph of the applicant and the co-applicant. 
• Here you need to submit your proof of income such as your salary for the previous 3 months, and bank statement of your salary bank account, or the main active bank account for the previous the last 6 months,  it shouldn’t be older than 45 days.
• A PAN card of form 60 is required.
• Aadhar Card/driving license/voter ID/passport document required.
• You need an MCI registration certificate.
• Here you need to submit proof of qualification.
• A certificate of practice.
• You need to submit your company ID card.

Ujjivan Small Finance Bank Personal Loan Eligibility

Here are the eligibility criteria for a Ujjiavn small Finance Personal loan which depend on whether the applicant is salaried or self-employed, and some common factors apply to both categories.

• Indian Residency: So you should be an Indian resident.
• Age: typically between the ages of 22 to 58 years.
• Regular Income: Here you should have stable and regular income sources.

Specific Criteria For Self-Employed Individuals

Here are the specific criteria for self-employed individuals:

• Minimum net monthly income.
• Minimum work experience of 3 years or more.
• Nature of business and their stability

Specific Criteria For Salaried Individuals

Here are the specific criteria for salaried individuals:

• Minimum net monthly income.
• Minimum work experience of 2 years or more.
• Employment types permanent, or regular.

Note: Well the specific income and other eligibility criteria details can change over time, so we will advise you to check with the Ujjivan Small Finance Bank directly for the accurate and updated data information.

Key Feature of Ujjivan Personal Loan for the Self-Employed Individual

Here are the key features of the Ujjivan Personal Loan for the Self-Employed Individual:

• Here you can avail of a loan amount ranging from between INR 50,000 and INR 15,00,000 which is based on their eligibility.
• The application process can be done online.
• Repayment timing for the bank personal loan can vary from 12 months to 60 months.
• The rate of interest for the personal loan for the Self-Employed Individual starts at 11.49% p.a.
• Contactless documentation which is minimal, contactless, and hassle-free.
• Here you will not be required to submit any security or any collateral for the taking of a personal loan from this bank.

Also, Check - How to Apply for HDFC Bank Personal Loan

Key Feature of Ujjivan Personal Loan for the Salaried Individual

Here are the key features of the Ujjivan Personal Loan for the Salaried Individual:

• Here you can avail of a loan amount ranging from between INR 50,000 and INR 15,00,000 which is based on their eligibility to meet your financial need.
• The rate of interest for the personal loan for the Salaried Individual starts at 11.49% p.a.
• Repayment tenure for the bank personal loan can vary from 12 months to 60 months which is based on the repayment capacity of the applicant.
• Contactless documentation which is minimal, contactless, and hassle-free.
• The application process can be done online, here you can apply online for a personal loan.

Types of Ujjinav Small Finance Bank Personal Loan

Here are the different types  of Ujjivan Small Finance bank personal loans, 

• Individual Agriculture Loan (IAL): Here the bank is offering its customer agriculture loan to its applicants to fulfil their financial requirements which are related to agriculture activities only.
• Individual Livestock Loan (ILL): Here the users can take advantage of individual livestock loans to meet their financial requirements related to animal husbandry activities.
• Individual Loan Top-up: They offer top-up loans of up to INR 1 lakh to their applicants which is over and above the existing personal loans.
• Individual Business Loan (IBL): They offer the person business loan to their applicants for meeting their financial requirement for the business which is related to activities.
• Home Improvement Loan (HIL): Here they offer home improvement loans to users planning to get a home makeover.

Conclusion

In conclusion, Here we have mentioned all such details, that you have to know about Ujjivan Small Finance Bank personal loan. And also discusses personal loans, interest rates, how to apply, and many more. We hope the given information in this blog about “Ujjivan Small Finance Bank personal loan” is helpful and informative.