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Ujjivan Small Finance Bank Personal Loan

Ujjivan Small Finance Bank Personal Loan

Name: Ujjivan Small Finance Bank Personal Loan
Brand: Ujjivan Small Finance Bank
Availability: InStock

4.5

Ujjivan Small Finance Bank personal loan is an unsecured credit facility offered to salaried and self-employed individuals who require funds for short-term or medium-term financial needs. The bank provides structured loans tailored for borrowers across income segments, especially those looking for manageable equated monthly instalments (EMIs) and simplified documentation.

Many applicants search for terms like Ujjivan personal loan, Ujjivan bank personal loan, or even mistakenly type Ujjwal bank personal loan or Ujjwal finance personal loan. All of these generally refer to loan products offered by Ujjivan Small Finance Bank. The bank provides digital as well as branch-based application options, including Ujjivan Small Finance Bank personal loan apply online facilities for eligible customers.

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Ujjivan Small Finance Bank Personal Loan

Interest Rate

23.3% - 24.8%

Loan Amount

₹1L - ₹30L

EMI Per Lakh

₹2,836 - ₹2,923

Processing Fees

Up to 2% of loan Amount

Pre-Payment Charges

Before completion of 12 EMIs: 2% of outstanding principal
After completion of 12 EMIs: 1% of outstanding principal

... more

Features and Benefits
Eligibility Criteria
Fees and Charges
Documents Required
EMI Calculator
FAQs
Apply Now

What is a Ujjivan Small Finance personal loan?

A Ujjivan Small Finance personal loan is an unsecured loan that individuals can use to meet various personal and financial requirements. Since it is unsecured, borrowers are not required to pledge any collateral, such as property or fixed deposits.

The loan can be used for:

Medical emergencies
Education expenses
Wedding costs
Home renovation
Travel needs
Debt consolidation

The Ujjivan Finance personal loan focuses primarily on salaried individuals, including those in mid-income brackets. The approval process is based on income stability, credit profile, and repayment capacity.

What are the key features of the Ujjivan Small Finance personal loan?

Below are the key features of the Ujjivan Bank personal loan:

Features	What they mean
Loan amount	The loan amount typically starts from ₹51,000 and can go up to ₹3,00,000 for standard personal loan products. Eligibility depends on income and credit profile.
Interest rates	Interest rates generally range from 9.50% per annum up to approximately 24.80% per annum, depending on the applicant’s profile.
Repayment tenure	Tenure options usually extend up to 36 months, allowing borrowers to choose a comfortable repayment schedule.
No collateral required	The Ujjivan finance personal loan is unsecured, meaning no asset or guarantor is required.
Fast processing	Loan approval can be completed within a few working days, subject to document verification.
Top-up facility	Existing customers may be eligible for top-up loans up to ₹1 lakh after maintaining satisfactory repayment for a certain period.
Minimal documentation	Compared to traditional secured loans, documentation is relatively simple.

What are the eligibility criteria for Ujjivan Small Finance personal loan?

The Ujjivan Bank personal loan eligibility criteria are as follows:

Age	22 to 58 years
Citizenship	Applicant must be a resident Indian citizen.
Income	The minimum monthly income requirement is ₹15,000 for salaried applicants.
Loan amount eligibility	Eligible loan amounts generally range between ₹50,000 and ₹3,00,000 for standard personal loan products.
Credit score	A good credit score is important. The Ujjivan Small Finance Bank personal loan eligibility generally includes a CIBIL score of 750 or above for better approval chances.

Self-employed applicants must provide proof of business, such as GST registration or a trade licence.

Ujjivan Small Finance personal loan: Interest rates and processing charges

The cost of the Ujjivan Small Finance Bank personal loan includes interest and applicable charges.

Interest rates

Particulars	Details
Minimum Interest Rate	9.50% p.a.
Maximum Interest Rate	Up to 24.80% p.a.
Type	Fixed / Risk-based

Note that the interest rate may vary depending on your credit score, monthly income, employment profile, loan amount and tenure.

Processing charges

Charge type	Details
Processing fee	Up to 2% of the loan amount
Minimum fee	May start from ₹1,500
GST	18% applicable

Note that if you choose to prepay your loan, the bank charges around 2% + applicable taxes as prepayment fees. Those applying should carefully review the sanction letter for final cost details.

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What are the documents required for Ujjivan Small Finance personal loan?

For an Ujjivan small finance bank personal loan, applicants must submit the following:

Document type	Examples
Identity and address proof	PAN Card or Form 60, Aadhaar, Passport, Voter ID, Driving Licence, Utility bills
Income proof (Salaried)	Last 3 months’ salary slips, last 6 months’ bank statements, and Form 16 (if applicable)
Income proof (self-employed)	ITR for the last 2 financial years, 12 months’ bank statements, and GST registration or business proof
Additional requirements	Recent passport-size photograph. Bank statement should not be older than 45 days

Note that proper documentation ensures faster approval for Ujjivan Bank personal loan online applications.

Ujjivan Small Finance loan EMI calculation examples

EMI is calculated using the standard reducing balance method:

EMI = [P × R × (1 + R)^N] ÷ [(1 + R)^N – 1]

Where:
P = Principal loan amount
R = Monthly interest rate
N = Tenure in months

Example

Loan Amount (P): ₹2,00,000

Interest Rate: 11% per annum

Tenure (N): 24 months

Approximate EMI: ₹9,321

Total repayment over 24 months = ₹2,23,717

Note that EMI varies depending on the final sanctioned rate and tenure.

How to apply for Ujjivan Small Finance personal loan through Urban Money?

You can apply for Ujjivan personal loan online in the following simple steps:

Visit www.urbanmoney.com or the Urban Money app.
Navigate to the Ujjivan Small Finance Bank personal loan section.
Fill in basic details such as name, mobile number, and monthly income.
Verify your mobile number using OTP.
Compare available loan options, interest rates, and tenure choices.
Upload required documents, including PAN, Aadhaar, salary slips, and bank statements.
Submit the application for verification.

Once approved, the loan amount is credited to the registered bank account.

FAQs

From loans to affordable interest rates, we have the answers for everything you need to know.

Who is eligible for Ujjivan Small Finance Bank personal loan?

Indian residents aged 22 to 58 years with a minimum monthly income of ₹15,000 and a satisfactory CIBIL score are generally eligible. Both salaried and eligible self-employed individuals can apply, subject to income verification.

What is the EMI for a ₹1 lakh personal loan from Ujjivan Small Finance Bank?

For a ₹1,00,000 loan at about 11% interest rate for 24 months, the EMI is around ₹4,660. The exact EMI depends on the final interest rate and tenure selected.

What is the interest rate for Ujjivan Finance personal loan?

The interest rate for a Ujjivan Finance personal loan starts from 9.50% per annum and may go up to 24% per annum, depending on the applicant’s credit profile.

How much personal loan can I get on a ₹20,000 salary from Ujjivan Small Finance Bank?

With a monthly income of ₹20,000, applicants may qualify for loan amounts starting from ₹50,000 and going up to ₹3,00,000, depending on eligibility and credit score.

What is the minimum salary for Ujjivan Small Finance Bank personal loan?

The minimum salary requirement is generally ₹15,000 per month for salaried applicants.

What is the CIBIL score requirement for Ujjivan Small Finance Bank personal loan?

A CIBIL score of 750 or above is preferred for stronger approval chances and better interest rates, though final approval depends on overall financial assessment.

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