Product Details
Bank Name
Ujjivan Small Finance Bank
Maximum Loan Tenure
20 years
Maximum Loan Amount
50,00,000
Interest Rate
8.75% to 17.75% per annum.
Type
Floating
Down Payment
Not specified by the bank.
Fees and Charges
Processing fees- Rs 3,350 plus GST.
Pre-payment charges: NIL for floating interest rate.
Late payment charges: 2.5% plus GST per month on the overdue amount.
Legal charges: At actuals.
Stamp Duty and registration charges: At actuals.
Minimum CIBIL Score
Not specified by the bank.
Down Payment and Fees
Composite (Plot Purchase & Self Construction)
Special Features
None
Eligibility Criteria
Age: Applicant should be between 21 and 65 years old.
Income: Applicants' income and loan requirements will be considered. Other factors such as liabilities, assets owned, and credit score can also influence eligibility.
Special Concession
No
Home Saver Option
No
Features, Eligibility and Concession
Pros
Minimal processing fee.
Loan tenure of up to 20 years.
Cons
High interest rate.
Loan amount of Rs 50 lakhs only.
Pros & Cons
Application Procedure
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