Ujjivan Small Finance Home Loan Interest Rates

4.5

Ujjivan Small Finance Bank has customised home loans for constructing, purchasing or renovating houses and loans against property. The affordable housing loan schemes have a minimum loan amount of INR 2 lakhs, interest rates start from 13.75% pa, and the tenure can go up to 240 months. The bank checks the applicant’s CIBIL score before approving the loan.

  • Home Loan offer for You

  • 13.75% - 17.75%

    Interest Rate (p.a.)
  • ₹2L - ₹75L

    Tenure(3 - 20 Years)
  • ₹2,314 - ₹2,526

    EMI Per Lakh
  • 13.75% - 17.75%

    Interest Rate (p.a.)
  • ₹2L - ₹75L

    Tenure(3 - 20 Years)
  • --

    Processing Fee

Compare Ujjivan Small Finance Home Loan Interest Rates with Other Lenders

The home loan interest rates offered by Ujjivan Small Finance Bank are contrasted with those offered by other banks and lending organisations in the table below:

  • Starting Interest Rate (p.a)
  • Processing Fee
  • Rating
  • Min. Loan Amount
  • 5 Lac
  • 20 Cr
Years
  • 5
  • 30
%
  • 6
  • 20

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

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

Frequently Asked Questions (FAQs)

What's the interest rate for Ujjivan Small Finance Bank?

The interest rate for Ujjivan Small Finance Bank starts from 13.75% and goes up to 17.75%.

What is the current interest rate of the Ujjivan Small Finance Bank home loan?

The current rate of interest of Ujjivan Small Finance Bank ranges from 15.75% to 17.75%.

What is the EMI for 30 lakhs home loan for 20 years?

The EMI for a 30 Lakhs home loan for 20 years will cost approx. Rs. 35,765.

How can I reduce my Ujjivan Small Finance Bank home loan interest rate?

One can reduce their Ujjivan Small Finance home loan interest rate with a good credit score, a reasonable repayment schedule, and a good rapport as a lender.

What is the average interest rate for a home loan in Ujjivan Small Finance Bank?

The average interest rate for a home loan from Ujjivan Small Finance Bank is 16.5%.

Urban Money