Ujjivan Small Finance Bank recognizes that owning a property is both a secure investment and a step toward a dream home. Offering home loans with interest rates ranging from 8.75% p.a. to 17.75% p.a., the bank finances up to 90% of the property’s value, ensuring an accessible and seamless borrowing experience.
Whether you’re a first-time homebuyer or an investor, Ujjivan Small Finance Bank provides competitive rates and a hassle-free loan process to help you achieve your homeownership goals with confidence.
Ujjivan Finance Bank Home Loan Interest Rates by Employment
Ujjivan Bank adjusts home loan interest rates based on whether you’re salaried, self-employed, or have a professional practice. Below is a quick look at how your employment type can influence your rate.
Ujjivan Small Finance Bank Home Loan Interest Rates for Salaried Employees
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Home Loan For Salaried | 8.75% p.a onwards |
Ujjivan Small Finance Bank Home Loan Interest Rates for Self Employed
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Home Loan For Self Employed | 8.75% p.a onwards |
Ujjivan Small Finance Bank All Schemes Home Loan Interest Rates
Ujjivan Small Finance Bank offers multiple home loan schemes, each with its own interest rate structure and features. Here’s an overview of the current rates for various Ujjivan Small Finance schemes.
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Home Purchase & Home Construction Loan | 8.75% p.a. to 16.75% p.a. |
| Composite (Plot Purchase & Self Construction) Home Loan | 10.70% p.a. to 17.99% p.a. |
| Home Improvement Loan | 10.70% p.a. to 17.99% p.a. |
| Home Equity Loan | 10.75% p.a. to 18.99% p.a. |
| Top-up Loan | 9.50% p.a to 16.99% p.a. |
Source: Ujjivan Home Loan Interest Rates
All Schemes Offered by Ujjivan Small Finance Bank: A Detailed Overview
Ujjivan Small Finance Bank has a range of home loan schemes catering to diverse needs, from Home Construction to Home Improvement Loan. Read on to find the best fit for your housing requirements.
Ujjivan Small Finance Home Purchase & Home Construction Loan Interest Rates
- Offers home purchase and construction loans tailored to meet individual needs, ensuring flexibility and convenience.
- Straightforward application process and minimal documentation.
- Borrowers get benefit from structured repayment plans.
| Features | Details |
|---|---|
| Minimum Loan Amount | ₹2 lakhs |
| Maximum Loan Amount | Up to ₹75 lakhs |
| Interest Rate | 8.75% p.a. to 16.75% p.a. |
| Tenure | Up to 20 years or 240 months |
| Loan Processing fee | ₹ 3,350 + GST applicable |
Also Read: What is a Home Construction Loan?
Ujjivan Small Finance Composite Home Loan Interest Rates
- Covers both land purchase and home construction.
- Smooth application process, minimal paperwork, and quick approvals.
- Loan is disbursed in stages as construction progresses, ensuring better financial management.
| Features | Details |
|---|---|
| Minimum Loan Amount | ₹2 lakhs |
| Maximum Loan Amount | Up to ₹50 lakhs |
| Interest Rate | 10.70% p.a. to 17.99% p.a. |
| Tenure | Up to 20 years or 240 months |
| Loan Processing fee | ₹ 3,350 + GST applicable |
Ujjivan Small Finance Home Improvement Loan Interest Rates
- Provides home improvement loans to help homeowners renovate, repair, or upgrade their living spaces effortlessly.
- Minimal paperwork and quick approvals.
- Loan comes with structured repayment options, allowing homeowners to manage their expenses efficiently.
| Features | Details |
|---|---|
| Minimum Loan Amount | ₹2 lakhs |
| Maximum Loan Amount | Up to ₹25 lakhs |
| Interest Rate | 10.70% p.a. to 17.99% p.a. |
| Tenure | Up to 15 years or 180 months |
| Loan Processing fee | ₹ 3,350 + GST applicable |
Ujjivan Small Finance Home Equity Loan Interest Rates
- Offers home equity loans that allow homeowners to unlock the value of their property for various financial needs.
- Borrowers can access funds for purposes like business expansion, education, or personal expenses.
- Hassle-free application process, minimal documentation, and quick approvals.
| Features | Details |
|---|---|
| Minimum Loan Amount | ₹2 lakhs |
| Maximum Loan Amount | Up to ₹75 lakhs |
| Interest Rate | 10.75% p.a. to 18.99% p.a. |
| Tenure | Up to 15 years or 180 months |
| Loan Processing fee | ₹ 3,350 + GST applicable |
Ujjivan Small Finance Commercial Purchase Loan Interest Rates
- Offers commercial purchase loans to help businesses and individuals invest in office spaces, retail outlets, or other commercial properties.
- The loan provides flexible repayment options and structured financing for property acquisition.
- Minimal documentation and efficient approvals.
| Features | Details |
|---|---|
| Minimum Loan Amount | ₹5 lakhs |
| Maximum Loan Amount | Up to ₹75 lakhs |
| Interest Rate | 10.75% p.a. to 18.99% p.a. |
| Tenure | Up to 15 years |
| Loan Processing fee | ₹ 3,350 + GST applicable |
Ujjivan Small Finance Top-up Loan Interest Rates
- Offers top-up loans to existing borrowers, providing extra funds for personal or professional needs without a separate loan application.
- Borrowers can utilize the top-up loan for home renovations, education, medical expenses, or business needs.
- Simple application process and fast approvals.
| Features | Details |
|---|---|
| Minimum Loan Amount | ₹1 lakhs |
| Maximum Loan Amount | Up to ₹10 lakhs |
| Interest Rate | 9.50% p.a to 16.99% p.a. |
| Tenure | Up to 7 years |
| Loan Processing fee | Zero |
Also Read: Low Interest Rates Home Loan Tips
How to Get Lowest and Best Ujjivan Small Finance Home Loan Interest Rates?
- Aim for a 750+ Credit Score to secure preferential rates.
- Select the Right Ujjivan Small Finance Scheme that matches personal requirements for cost efficiency.
- Leverage Special Concessions offered to government employees, women borrowers, and defense personnel.
- Use the Check-Off Facility for direct salary deductions, which may lower interest rates.
- Make a Higher Down Payment to reduce the principal and potentially get better terms.
- Watch Out for Festive Offers or promotional discounts from Ujjivan Small Finance.
- Keep Income Documents Updated for quicker approvals and more favorable rates.
- Maintain Steady Employment to boost financial credibility and rate eligibility.
- Build a Strong Relationship with Ujjivan Small Finance for possible preferential pricing.
- Always Negotiate to explore discounts on interest rates or processing fees.
Read More: How to Increase CIBIL Score
Types of Home Loan Interest Rates
| Interest Rate Type | Definition | Pros | Cons |
|---|---|---|---|
| Fixed | Rate remains constant throughout a predetermined period or entire tenure. | – Predictable EMIs for budgeting- Protection against rising interest rates | – Typically, higher rates compared to floating- No benefit if market rates go down |
| Floating (Variable) | Linked to market benchmarks (e.g., Repo Rate, MCLR) and changes over time | – Often cheaper when rates fall- Can partly or fully prepay with lower penalties | – EMIs fluctuate with market conditions- Costs may rise if rates increase |
| Hybrid | Combination of fixed and floating phases. | – Stability in the initial fixed period- Potential cost savings in the variable phase | – Transition from fixed to floating can carry uncertainties- May incur a shift-related fee |
Check out: Ujjivan Small Finance Bank Home Loan EMI Calculator
How to Obtain Ujjivan Small Finance Bank Home Loan Statement Online?
Ujjivan Small Finance Bank provides a seamless online banking platform, enabling you to access and download your home loan statement easily from the comfort of your home. Follow these simple steps to get your statement:
Here’s how you can download the Home Loan Statement
- Login
Visit the Ujjivan Small Finance Bank Net Banking portal and log in using your credentials.
- Go to the Loan Section
Navigate to the “Loans” tab on your dashboard.
- Select Home Loan Account
Choose your home loan account from the list.
- Download Statement
Look for the option to download the loan statement. Select the required date range and download the PDF.
Check Out: Ujjivan Home Loan Statement Download
Secure the Lowest Ujjivan Small Finance Bank Home Loan Interest Rates with Credit Dharma
Buying a home is a big step. Getting a home loan can be hard, but we make it easy. Choosing Credit Dharma for your home loan simplifies this process. We offer expert advice and personalized assistance to make everything hassle-free. You’ll receive timely updates on your loan application and disbursement progress.
From the initial application to the final disbursement, we provide comprehensive support. Enjoy clear and honest communication at every stage, with no hidden surprises.
Frequently Asked Questions
Ujjivan Small Finance Bank offers home loans at competitive interest rates, which vary based on the applicant’s profile, loan amount, and tenure. It is advisable to check with the bank for the latest rates and eligibility criteria.
The minimum income requirement for a home loan depends on factors like loan amount, employment type, and repayment capacity. Salaried and self-employed individuals must meet the bank’s eligibility criteria to qualify for financing.
Yes, borrowers may be eligible for two home loans simultaneously, provided they meet the bank’s income, credit score, and repayment capacity requirements. The final approval depends on financial stability and the bank’s lending policies.
The maximum loan amount depends on factors like the property’s market value, applicant’s income, and repayment capacity. Ujjivan Small Finance Bank determines the loan eligibility based on its internal assessment and lending policies.
Yes, Ujjivan Small Finance Bank considers CIBIL scores while processing home loan applications. A good score improves approval chances, but eligibility also depends on income, repayment capacity, and other factors as per the bank’s policies.
Improve your credit score, opt for a balance transfer, negotiate with the bank, or switch to a lower-rate scheme if eligible. Contact Ujjivan Small Finance Bank to explore the best options for reducing your interest rate.
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