10 Lakh Home Loan From Ujjivan Small Finance Bank

The 10 Lakh Home Loan from Ujjivan Small Finance Bank is an extremely feasible financial option for future homeowners looking for a small, cosy house in a friendly neighbourhood. Urban Money is guiding you towards this loan because of its numerous features and benefits, such as a low interest rate of 8.75%, flexible loan tenure of 20 years, quick loan disbursement and no prepayment penalties. The loan is available for every Indian citizen, covering the costs of home renovation, construction and purchase. Read the following guide to understand the loan's various features and evaluate this financial choice.

10 Lakh Home Loan Ujjivan Small Finance Bank – Highlights

Here are some of the important features of the Ujjivan Small Finance Bank 10 Lakh Home Loan, which make it an excellent financial tool:

10 Lakh Home Loan EMI for 5 Years Ujjivan Small Finance Bank

Let’s assume that a loan applicant can obtain a home loan worth 10 Lakh from Ujjivan Small Finance Bank. Here will be their estimated EMI cost and the total interest payable:

10 Lakh Home Loan EMI for 10 Years Ujjivan Small Finance Bank

In case you want to repay your 10 Lakh Home Loan from Ujjivan Small Finance Bank in 10 years, here is the total interest payable and the monthly EMI amount:

10 Lakh Home Loan EMI for 15 Years Ujjivan Small Finance Bank

With a loan tenure of 15 years and an interest rate of 8.75%, here is the estimated EMI amount for a 10 Lakh Home Loan from Ujjivan Small Finance Bank:

10 Lakh Home Loan EMI for 20 Years Ujjivan Small Finance Bank

For a tenure of 20 years, the interest payable for a 10 Lakh Home Loan from Ujjivan Small Finance Bank, along with the estimated EMI costs, is as follows:

10 Lakh Home Loan Ujjivan Small Finance Bank – Fees and Charges

Here are some of the fees and charges that you might have to pay while applying for a 10 Lakh Home Loan from Ujjivan Small Finance Bank:

• Processing Fee: ₹3,350 and GST for all products 
• Pre-Sanction Charges: 1% to 2% of the loan amount and GST, depending on the home loan type
• CERSAI Registration: ₹50 plus taxes for loans under ₹5,00,000 and ₹100 plus taxes for loans above ₹5,00,000
• Part-Payment Charges: No penalty
• Foreclosure Charges: No payment if using your funds; 3% if you have transferred the loan to another bank
• Late Payment Charges: 2.5% per month on the missed EMI payments 
• Bounce Charges: ₹500 and the  GST charges applicable from April 2024

10 Lakh Home Loan Ujjivan Small Finance Bank – Documents Required

Here are the documents required while applying for a 10 Lakh Home Loan from Ujjvan Small Finance Bank:

• Residence Proof: Passport/ Adhaar/ Voter ID Card/ Driving License/ Signed NREGA Card/ Letter from NPR 
• Income Proof for Salaried: Last six months’ Bank Statement/ Income Tax Returns/ Salary Certificate/ Form 16A
• Income Proof for Self-Employed: E-Bill/ Udyog Aadhaar/ Business Registration Documents 

10 Lakh Home Loan Ujjivan Small Finance Bank – Eligibility Criteria

Any Indian citizen over the age of 18 who meets the bank’s eligibility criteria can apply for the Ujjvan Small Finance Bank’s 10 Lakh Home Loan. While this information is not available on the bank’s official website, you can contact Urban Money’s loan representatives for the same information.