Ujjivan Small Finance Bank Personal Loan

If you need money for personal reasons like a wedding, travel, medical emergency, or business, Ujjivan Small Finance Bank Personal Loan can help. This loan is easy to apply for, fast to get, and you don’t need to give any reason for taking it.

Overview 

Ujjivan Small Finance Bank offers personal loans to help individuals meet various personal and business needs. A personal loan is money you borrow from a bank, like asking a friend for help, but this friend charges interest. You can use it for anything: marriage, hospital bills, a new mobile, home repairs, or even to invest in stocks.

You can get a loan for up to ₹3 lakh, with flexible repayment options. The bank also provides top-up loans (extra loans on top of your existing one) of up to ₹1 lakh if you already have a loan with them.

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 Ujjivan Small Finance Bank Personal Loan?

You can apply for this loan easily from your mobile or laptop. Just follow these steps:

1. Visit the official Ujjivan Small Finance Bank website and go to the personal loan section.
2. Check if you are an existing customer: If yes, enter your Customer ID and mobile number.
3. Enter the captcha code shown on your screen.
4. Click Submit and follow the instructions.
5. If you are a new customer: Fill in details like name, email ID, mobile number, city, and type of employment.
6. Agree to the terms and conditions of the loan.
7. Click on Proceed.
8. A bank representative will contact you to guide you through the remaining steps and help with document submission.

Note: Keep your documents ready in soft copy (PDF or image) to upload quickly.

Who Can Apply for Ujjivan Small Finance Bank Personal Loan?

You can apply if you meet these basic conditions:

• Indian resident
• Age between 22 and 58 years
• Have a regular income (from a job or business)
• Good credit score (above 650 is better)

Documents You Need

When applying, keep these ready:

• PAN Card or Form 60
• Aadhaar Card, Voter ID, Passport, or Driving License
• Last 3 salary slips (if salaried) or 6 months' bank statement
• Passport-size photo
• For self-employed:
  Income Tax Return (ITR)
  Business proof (like a shop license)
  Qualification certificate (if any)
  Practice certificate (if any)

Note: Scan these documents in advance and save them on your phone or computer. It will make the online application faster!

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, as given below:

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	2% on the outstanding principal if you close the loan early. No charge if you’ve already repaid 75% of the loan. (Note: This doesn’t apply to Home Improvement Loan)

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.

Basic criteria (for everyone):

• You must be an Indian resident
• Age should be 22 to 58 years
• You must have a regular income (from a job or business)

For Self-Employed Individuals

• Must have a minimum net monthly income (check with the bank for the exact figure).
• At least 3 years of work or business experience.
• The business should be stable and running well.

For Salaried Individuals

• Must have a minimum net monthly income (check with the bank).
• At least 2 years of work experience.
• A job should be permanent or regular employment.

Note: These details are subject to change at any time. It’s always best to check directly with Ujjivan Small Finance Bank for the latest eligibility rules.

Key Features of Ujjivan Personal Loan for Self-Employed

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

• Loan Amount: ₹50,000 to ₹15,00,000 (based on your eligibility).
• Apply Online: The whole process can be done online, with no need to visit the bank.
• Repayment Period: 12 to 60 months (you choose what suits you).
• Interest Rate: Starts at 11.49% per annum.
• Minimal Documents: Simple, contactless documentation, no heavy paperwork.
• No Collateral Needed: You don’t need to give any security or assets to get the loan.

Also Check - How to Apply for HDFC Bank Personal Loan

Key Features of Ujjivan Personal Loan for Salaried Individuals

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

• Loan Amount: ₹50,000 to ₹15,00,000 (based on your eligibility).
• Interest Rate: Starts at 11.49% per annum.
• Repayment Tenure: 12 to 60 months (decided as per your repayment capacity).
• Apply Online: Full online process, no branch visit needed.
• Minimal Documentation: Hassle-free, contactless paperwork.

Types of Ujjinav Small Finance Bank Personal Loan

Ujjivan Small Finance Bank provides different types of personal loans based on what you need the money for. 

Individual Agriculture Loan (IAL)

For people who need funds for farming or agriculture-related activities. This loan is for people involved in farming. You can use it for things like:

• Buying seeds, fertilisers, or equipment.
• Paying for irrigation or farm labour.
• Managing other farming expenses: Loan Amount: ₹51,000 to ₹1,00,000.

Individual Livestock Loan (ILL)

For those involved in animal husbandry, like buying or maintaining cattle. This loan helps people who earn from animal husbandry. Use the loan for:

• Buying cows, buffalo, goats, or other livestock.
• Building sheds or improving animal shelters.
• Covering feed and care costs.

Individual Loan Top-up

Extra loan of up to ₹1 lakh on top of your existing personal loan. Already have a personal loan with Ujjivan? You can receive additional funds (up to ₹1 lakh) in addition to that loan. Useful when:

• You need additional cash during emergencies
• You don’t want to apply for a fresh loan

Individual Business Loan (IBL)

For small business owners who need funds for business activities. This loan is for small business owners. You can use it for:

• Buying stock or raw materials.
• Expanding or renovating your shop.
• Buying equipment or machinery.

Home Improvement Loan (HIL)

For those planning to renovate or repair their home. Planning to give your house a makeover? This loan helps with:

• Home repairs (plumbing, electrical work, etc.)
• Renovations (painting, flooring, new fittings).
• Small construction work.

Conclusion

In conclusion, Ujjivan Small Finance Bank Personal Loan is a good option if you need quick funds for genuine needs. The process is simple, the rates are fair, and you don’t need to give any security. Just make sure you can repay the EMIs on time. Remember, a loan is for support, not for fun spending.