Disclaimer: Ujjivan Small Finance Bank is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Ujjivan Small Finance Bank for home loans. No offers/services from Ujjivan Small Finance Bank are being provided by Paisabazaar for home loans. For further information about Ujjivan Small Finance Bank for home loans, users are required to reach out directly to Ujjivan Small Finance Bank.
| Ujjivan Home Loan Highlights |
|
| Interest Rates | 8.75% p.a. to 17.75% p.a. |
| Loan Amount | Up to Rs 75 lakhs |
| Loan Repayment Tenure | Up to 20 years |
| Processing fee | Rs 3,350 + GST |
Interest Rates are as of 31 December 2024
Table of Contents
Ujjivan Home Loan Interest Rates
| Home Loan Schemes | Interest Rates |
| Home Purchase and Construction Loan | 8.75% p.a. to 16.75% p.a. |
| Composite Home Loan (Plot purchase & Self-construction) | 8.75% p.a. to 17.75% p.a. |
| Home Improvement Loan | 8.75% p.a. to 17.75% p.a. |
The final home loan interest rates offered to the loan applicant would vary according to the credit score, monthly income, job profile, employer’s profile, etc. of the home loan applicant.
Compare Interest Rates on Home Loans for Top Banks & HFCs
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards | Check Eligibility |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Check Eligibility |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| LIC Housing Finance | 8.50% - 11.25% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Check Eligibility |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Check Eligibility |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Check Eligibility |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Check Eligibility |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Check Eligibility |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Check Eligibility |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Check Eligibility |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Check Eligibility |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Check Eligibility |
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Ujjivan Home Loan Fees and Charges
Processing fee
Ujjivan Small Finance Bank charges a non-refundable processing fee of Rs 3,350 for a home loan.
Foreclosure and Part-payment Charges
| Foreclosure Charges (applicable only under fixed rate of interest period) | If own funds: NIL
If loan transfer to other banks: 3% |
| Part Payment charges | NIL |
Other Fees and Charges
| 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 the registration department |
| Duplicate amortization schedule issuance charge | Rs 100 per instance |
| Duplicate statement issuance charge | Rs 100 per instance |
Types of Ujjivan Home Loan
Ujjivan Small Finance Bank offers three types of home loans, which are as follows:
Home Purchase and Home Construction Loan
- Purpose: Applicants can apply for home loan from Ujjivan Small Finance Bank for purchasing or constructing new houses
- Amount: Rs 2 lakh to Rs 75 lakhs
- Tenure: 39 months to 20 years
Composite Home Loan (Plot Purchase and Self Construction)
- Purpose: Prospective borrowers can avail home loan for for purchasing a new plot and constructing a home on it.
- Amount: Rs 2 lakh to Rs 50 lakhs
- Tenure: 39 months to 20 years
Home Improvement Loan
- Purpose: Ujjivan SFB offers Home Improvemnt Loan to applicants for meeting expenses related to renovation/extension/repair of the existing home property
- Amount: Rs 2 lakh to Rs 25 lakhs
- Tenure: 39 months to 15 years
Pre-Qualified Top Up Home Loan
- Purpose: Pre-qualified Top Up Loans are offered to existing eligible customers of Ujjivan Small Finance Bank for meeting any financial requirements
- Amount: Rs 1 lakh to Rs 10 lakhs
- Tenure: 39 months to 7 years
- Interest Rate: 1% more than your core home loan interest rate
Ujjivan Home Loan Eligibility Criteria
Ujjivan Small Finance Bank factors in the applicant’s income and loan requirement for home loan eligibility. Other factors such as age, liabilities, assets owned, and credit score can also be considered for home loan.
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Ujjivan Home Loan Documents Required
The list of home loan documents required for availing Ujjivan home loan is as follows:
Common documents
- PAN Card/ Form 60
- Original property documents
- Residence proof (any one of the following):
Passport/ Driving License/ Proof of possession of Aadhaar/ Voter’s Identity Card/ Job card issued by NREGA duly signed by an officer of the State Government/ Letter issued by the National Population Register containing details of name and address/ Aadhaar card
Income Documents
- Latest 6 months Bank Statement/ Passbook
- Income Tax Returns
- Salary certificate wherever applicable
- Form 16A wherever applicable
Business Proof Documents for Self-employed:
- Business Registration documents
- E-Bill
- Udyog Aadhaar
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Ujjivan Home Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
FAQs On Ujjivan Home Loan
1: What is the minimum salary requirement for a home loan in Ujjivan Small Finance Bank?
Ans: Ujjivan Bank has not disclosed the minimum salary requirement for availing home loan. The minimum salary requirement set by most lenders is Rs. 25,000 per month.
2: Does Ujjivan Small Finance Bank check for CIBIL score for home loan?
Ans: Ujjivan Bank has not disclosed the cut-off credit score for availing home loan. Home loan lenders consider credit scores for determining the credit risk associated with their applicants as credit score indicates their creditworthiness. Banks/NBFCs usually prefer applications those having credit scores of 750 and above.
3: Can I avail two home loans at once from Ujjivan Bank?
Ans: Ujjivan Bank has not stated any such criteria regarding the number of times one can avail of a home loan. However, banks and HFCs usually allow their existing home loan borrowers to avail additional home loan provided they have adequate repayment capacity and meet the various eligibility criteria set by the lender like income, employment type, credit score, location and various property features, etc.