Ujjivan
home loan interest rate
is a product offered by Ujjivan Small Finance Bank, designed to assist individuals in purchasing or constructing their homes. The interest rates for Ujjivan Home Loans are competitive and are tailored to suit various borrower profiles based on their eligibility, loan amount, and tenure.
What is the Ujjivan Bank Home Loan Interest Rate?
As of 2024, the Ujjivan Home Loan interest rates typically range between 8.75% to 17.75% per annum, but the exact rate depends on several factors.
The home construction/ purchase loan ranges from 8.75% to 16.75%.
The home improvement loan ranges from 8.75% to 17.75%.
The home equity loan ranges from 10.99% to 19.75%.
Composite Home Loans range from 8.75% to 17.75%.
The bank offers different rates for salaried individuals, self-employed individuals, and professionals. Rates may vary slightly based on the applicant's employment stability and credit profile. Borrowers with a higher credit score are likely to receive a lower interest rate. A strong credit score (usually above 750) is considered favorable for better rates.
Ujjivan offers flexible loan tenures ranging from 5 to 30 years, and the interest rate may vary depending on the chosen tenure. Your query about
Ujjivan Small Finance bank home loan rate of interest should be solved.
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What are the Ujjivan Home Loan Documents Required in India 2024?
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While browsing through social media, I came to know about Ujjivan Bank home loans. This piqued my interest as I was already trying to avail a home loan. I called a friend of mine and asked him about the Ujjivan home loan interest rate. He told me that, he had taken a loan from them and the interest rate was around 8.75%.
What is the Ujjivan Small Finance Bank Home Loan Interest Rate?
Along with the interest rate, he provided me with a few more information as well and those are as follows.
| Particulars | Amount |
Loan Amount |
Minimum- Rs 2,00,000 and Maximum- Rs 25,00,000 |
Rate of Interest (ROI) |
Starting from 8.75% to 17.75% p.a. |
Tenure range |
Minimum 39 Months & Maximum 180 Months. |
Loan Processing fee |
Rs. 3,350 + GST applicable (Non – refundable) |
CLADUM charges (Credit, Legal, Administrative, Documentation, Upkeep of documents and Maintenance) |
2.0% of loan amount + GST |
And that is all that he told me about the Ujjivan bank home loan interest rate. After that, he told me about the documents required and those are.
Duly filled and signed application form.
Two passport-size photos of all the applicants and guarantors.
2 copies of Identity proof documents of the applicant and all co-applicants
Passbook of the bank showing the last six months of transactions of all applicants.
Income proof of business or salary.
Photocopies of all the documents.
And that’s about it. I hope this information about the Ujjivan home loan interest rate has been of help to you.
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Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Authors Of The Question
What is the Ujjivan Home Loan Interest Rate?
Raghu
132 Views
2 Answers
7 months
2024-05-02T10:44:25+00:00 2024-06-26T16:00:19+00:00Comment
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