What is Ujjivan Small Finance Bank Personal Loan Minimum Salary?

My sister’s wedding is in December 2024, so I started planning for it, and a personal loan seemed like a good idea. Since I already have an account with Ujjivan Small Finance Bank, my friend suggested checking their loan options. But I wasn’t sure about the Ujjivan Small Finance Bank personal loan minimum salary requirement. So, I asked him, and he mentioned that having a regular salary is typically essential. Still, he advised me to confirm with my bank manager to be sure.

Ujjivan Small Finance Bank Personal Loan Eligibility Criteria

I went through the criteria shared by Parth Singhal. He initially mentioned that the maximum eligible age for a loan is 57. However, when I spoke with my bank manager, I found out that it’s actually 58. Here’s a breakdown of the other major criteria I learned:

• For self-employed professionals: You can get an individual loan amount of up to Rs.15 lakhs. Perfect if you’re running your own business and need funds for personal reasons.

• For customers with a salary account at Ujjivan: The loan amount goes up to Rs.15 lakhs, ideal if you’re already banking with Ujjivan.

• For open-market customers (who do not have an account): They can apply for a personal loan with a minimum amount of Rs.50,000, which is good for those needing smaller loans.

• For Ujjivan employees: Employees can apply for personal loans up to Rs.5 lakhs. It’s a great option for Ujjivan staff who might need a little extra for personal expenses.

With these details, I feel more prepared to apply for the right loan and better manage the wedding expenses. However, my manager said the Ujjivan Small Finance Bank personal loan minimum salary is Rs 15000. I would highly recommend you to connect to your regional bank manager. It will be of great help.

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Hey. I came across your query regarding the Ujjivan Small Finance Bank personal loan minimum salary per month. I applied for a personal loan at the bank a few months ago and know the required salary. You should earn at least Rs. 15,000 to be eligible for a personal loan from Ujjivan Small Finance Bank.

What are the Eligibility Criteria for Ujjivan Personal Loan?

The eligibility criteria also include other aspects apart from a minimum salary. They are as follows:

1. You must be a self-employed salaried employee with a steady and stable income source.

2. You should be at least 22 years of age and a maximum of 57 years of age.

3. You must have at least two years of work experience and a minimum monthly income of Rs. 15,000.

4. You must be a resident of India.

What are the Documents Needed to Apply For Ujjivan Personal Loan?

Here is the list of documents required to apply for a personal loan at the bank.

1. PAN card or Form 60.

2. Aadhar Card/Voter ID/Passport/Driving Licence.

3. Updated bank statements from the previous six months not be older than 45 days.

4. A photograph of the applicant and co-applicant.

This is all I have to share regarding the minimum monthly income to apply for a personal loan at Ujjivan Small Finance Bank. I hope you find this helpful.