Ujjivan Small Finance Home Loan Interest Rates

Home loans are available from Ujjivan Small Finance Bank to salaried and self-employed people with rates ranging from 13.75% p.a. to 15.75% p.a. for loans up to Rs 75 lakh and terms up to 20 years. The bank provides home-buying and building loans, composite homes (self-construction and plot purchases), and home improvements.

Ujjivan Small Finance Bank Home Loan Highlights

The table below pertains to Ujjivan Small Finance Bank Home Loan Interest Rate highlights:

Ujjivan Home Loan Highlights 2024
Interest Rates	13.75% p.a. to 15.75% p.a.
Loan Amount	Up to Rs 75 Lakh
Loan Repayment Tenure	Up to 20 years
Processing fee	Rs 3,350 + G.S.T

Ujjivan Small Finance Bank Home Interest Rates on Loan schemes 

Ujjivan Small Finance Bank offers four schemes to its customers. Listed below are the four schemes to use to avail of a housing loan according to your needs:

Home Purchase and Construction Loan

Offering of a home financing facility for the purchase or construction of new homes

Amount of Loan: Rs. 2 Lakhs to Rs. 75 Lakhs

Tenure of Loan: 3 Yrs. to 20 Yrs.

Composite Home Loan

Assisting in arranging the financial resources necessary to purchase a new plot and build a house.

Amount of Loan: Rs. 2 Lakhs to Rs. 50 Lakhs

Tenure of Loan: 3 Yrs. to 20 Yrs.

Home Improvement Loan

To set up funding to cover costs associated with remodelling, expanding, or fixing the current home’s property

Amount of Loan: Rs. 2 Lakhs to Rs. 25 Lakhs

Tenure of the Loan: 3 Yrs. to 1 Yrs.

Ujjivan Small Finance Bank Home Interest for Salaried and Self-Employed

Ujjivan Small Finance Bank offers home loans with interest rates starting as low as 13.75% for self-employed professionals and salaried employees. Depending on the applicant’s track record and other crucial variables, such as income, age, history of repayment, etc.

Ujjivan Small Finance Bank Home Interest for Govt. Employees

The Government employees pay the same home loan interest rates as any other client in Ujjivan Small Finance Bank. For everyone, the sum and interest rates remain the same. They periodically have excellent deals on their home loan programmes, and they give the best financing options.

Ujjivan Small Finance Bank Bank Home Loan Interest Rate For Women

Ujjivan Small Finance Bank Home Loan Interest Rates complies with all relevant regulations to increase women’s empowerment and offer them better programmes. They provide a modest 3% government-approved stamp duty discount on loans.

Ujjivan Small Finance Bank Bank Home Loan Interest Rate For NRI

Customers from NRI countries who hold home loan accounts with Ujjivan Small Finance Bank are qualified for several advantages. Interested parties can check their eligibility for a personal loan that has already been pre-approved by going to the bank’s official website and entering specific information. Ujjivan Small Finance Bank, like other lenders, offers pre-approved personal loans to borrowers with excellent credit ratings and consistent repayment histories.

What are Ujjivan Small Finance Bank Home Loan Interest Rate Fees and Charges? 

The table below shows Ujjivan Small Finance Bank Home Loan Interest Rates, fees and other charges:

Particulars	Charge
Foreclosure Charges (applicable only under a fixed interest rate period)	If own funds: NILIf loan transfer to other banks: 3%
Part Payment charges	NIL
CLADUM Charges (Credit, Legal, Administrative, Documentation, Upkeep and Maintenance Charges)	Up to 2% of the loan amount + G.S.T
CERSAI Charges	For loan amounts above Rs 5 Lakh: Rs 100+ taxes For loan amounts below Rs 5 Lakh: Rs 50 + taxes
Loan Cancellation Charges	Up to 2%
ECS/ACH/Cheque Bounce	Rs 250
Stamp duty and registration cost	On actuals to be paid to registration department
Duplicate amortisation schedule issuance charge	Rs 100 per instance
Duplicate statement issuance charge	Rs 100 per instance

How Can You Calculate Ujjivan Small Finance Bank Home Loan Interest?

Using Ujjivan Small Finance Bank’s home loan EMI calculator, one can accurately calculate the interest/EMI on the home loan, and one just needs to enter some basic loan information to determine the precise EMI (Equated Monthly Instalment).

OR

One can use the following formula to calculate the EMI:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,

• P is the principal amount
• R is the interest rate charged on the home loan
• r is the number of instalments on the tenure of the loan

Ujjivan Small Finance Bank Home Loan Interest Rates for Existing Customers

The table below highlights the Ujjivan Small Finance Bank Home Loan Interest Rates for existing customers.

Ujjivan Small Finance Bank Home Loan Schemes	Interest Rates
Home Purchase and Construction Loan	13.75% p.a. to 15.75% p.a.
Composite Home Loan (Plot purchase & Self-construction)	13.75% p.a. to 15.75% p.a.
Home Improvement Loan	15.75% p.a.

Factors that affect Ujjivan Small Finance Bank Home Loan Interest Rate and EMI

Many factors affect the Ujjivan Small Finance Bank Home Loan Interest Rate and EMI. Below are some significant factors:

• Credit Score
• Loan Tenure
• Location of the Property
• A stable income
• The LTV
• The MCLR Rates