15 Lakh Home Loan From Ujjivan Small Finance Bank

At a very competitive interest rate of 8.75% per annum and a loan tenure of up to 20 years, a Ujjivan Small Finance Bank 15 lakh housing loan is a great option for individuals willing to purchase the keys to their dream home. Because of flexible repayment options, individuals can benefit from budget-friendly EMIs, making managing finances easier. The Ujjivan Small Finance Bank offers a housing loan plan with a maximum term of 20 years, making monthly payments (EMIs) more affordable and easy to manage for both 10-year and 20-year options. This loan can be used to build a house, buy a move-in-ready property, or even repair and renovate a home. Explore how this loan plan could perfectly fit your needs by reading further.

15 Lakh Ujjivan Small Finance Bank Home Loan – Key Highlights

The table below mentions the key highlights of the 15 lakh Ujjivan Small Finance Bank home loan, making it an ideal fit for dream home enthusiasts:

5 Years EMI – 15 Lakh Ujjivan Small Finance Bank Home Loan

Suppose an individual obtains a 15 lakh Ujjivan Small Finance Bank home loan at an interest rate of 8.95% per annum for a tenure of 5 years. In that case, the applicable EMI is calculated in the table below:

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

If a person takes a 15 lakh home loan from Ujjivan Small Finance Bank with an interest rate of 8.95% per year for 10 years, the table below shows the calculated EMI:

15 Years EMI – 15 Lakh Ujjivan Small Finance Bank Home Loan

The table below provides the EMI details for a 15 lakh home loan from Ujjivan Small Finance Bank at an annual interest rate of 8.95% over a 15-year tenure:

20 Years EMI – 15 Lakh Ujjivan Small Finance Bank Home Loan

The EMI has been calculated and is presented in the table below for a 15 lakh Ujjivan Small Finance Bank home loan at 8.95% interest per year and a 20-year term:

Fees & Charges – 15 Lakh Ujjivan Small Finance Bank Home Loan

The important fees and charges associated with the 15 lakh Ujjivan Small Finance Bank home loan are given in the table below:

15 Lakh Ujjivan Small Finance Bank Home Loan – Important Documents

To apply for a home loan, you will need several key documents. For identity proof, you can use your PAN card or Form 60. You will also need the original property papers. For address proof, options include a passport, driving licence, Aadhaar card, voter ID, NREGA job card, or an NPR letter. If required, proof of income might involve your bank statements from the last six months, income tax returns, salary slips, or Form 16A. If you are self-employed, you will need business-related documents such as business registration or Udyog Aadhaar.

Eligibility Criteria – 15 Lakh Ujjivan Small Finance Bank Home Loan

Check the points below to understand if you fit the eligibility criteria for the 15 lakh Ujjivan Small Finance Bank home loan:

• Age for Salaried Applicants: Between 24 and 60 years old.
• Age for Self-Employed Applicants: Between 24 and 65 years old.
• Income: A stable and consistent income is required.
• Work Experience: At least 1 year for salaried individuals or 3 years for self-employed.
• Co-Applicant Age: The co-applicant must be at least 18 years old.