55 Lakh Home Loan From Ujjivan Small Finance Bank

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If you want to finance your dream home, the Ujjivan Small Finance Bank offers a 55 lakh home loan that could be the perfect solution. This loan allows you to purchase, construct, or renovate your home with flexible options. The interest rates are competitive, starting at 8.75% per year and going up to 16.75% based on your requirements. You can repay this loan over a period ranging from 39 to 240 months, giving you enough time to manage your finances comfortably. A processing fee and CLADUM charges apply, but Ujjivan ensures a straightforward process to help you achieve your homeownership goals. Continue reading to learn more about the 55 lakh Ujjivan Small Finance Bank housing loan and applicable EMI for different tenures.

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Table of Content

1. Key Highlights 55 Lakh Ujjivan Small Finance Bank Home Loan

2. 55 Lakh Ujjivan Small Finance Bank Home Loan 5 Years EMI

3. 55 Lakh Ujjivan Small Finance Bank Home Loan 10 Years EMI

4. 55 Lakh Ujjivan Small Finance Bank Home Loan 15 Years EMI

5. 55 Lakh Ujjivan Small Finance Bank Home Loan 20 Years EMI

6. 55 Lakh Ujjivan Small Finance Bank Home Loan Fees & Charges

7. Documents Required 55 Lakh Ujjivan Small Finance Bank Housing Loan

8. Eligibility Criteria 55 Lakh Ujjivan Small Finance Bank Housing Loan

Written By

Satyam Sachdeva

Satyam has always been interested in saving money and realising its worth. He created a Demat account when he turned 18 and has been a keen equity and mutual fund investor. Currently, a writer for Urban Money, he uses his skills to guide his readers in the right direction. Satyam strives to make financial complexities easy for everyone to understand with a pinch of creative salt.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Key Highlights – 55 Lakh Ujjivan Small Finance Bank Home Loan

The main features of a 55 lakh Ujjivan Small Finance Bank are given in the table below:

Feature	Details
Loan Amount	Up to ₹75,00,000
Interest Rate	Starting from 8.75% p.a. to 16.75% p.a. reducing
Tenure Range	39 to 240 months
Processing Fee	₹3,350 + GST (Non-refundable)
CLADUM Charges	1.0% – 2.0% of loan amount + GST
Loan Purpose	Purchase, Construction, Renovation
Loan Types Available	Purchase & Construction, Composite, Improvement, Equity, Commercial
Pre-qualified Top-Up Loan	Available for existing customers with zero processing fee

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

The following table presents the EMI details for a 55 lakh home loan from Ujjivan Small Finance Bank, featuring an annual interest rate of 12.25% over a 5-year term:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 55 lakhs	12.25%	5 years	₹1,23,040	₹18,82,426	₹73,82,426

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

Listed in the table below are the EMI specifics for a ₹55 lakh Ujjivan Small Finance Bank home loan, based on a 12.25% yearly interest rate for 10 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 55 lakhs	12.25%	10 years	₹79,706	₹40,64,711	₹95,64,711

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

The EMI breakdown for a ₹55 lakh home loan from Ujjivan Small Finance Bank, with a 15-year repayment period and a 12.25% per annum interest rate, is displayed in the table below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 55 lakhs	12.25%	15 years	₹66,896	₹65,41,357	₹1,20,41,357

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

The table illustrates the EMI calculation for a ₹55 lakh home loan at Ujjivan Small Finance Bank, set at an annual interest rate of 12.25% for 20 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 55 lakhs	12.25%	20 years	₹61,521	₹92,65,054	₹1,47,65,054

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

Knowing the costs and expenses tied to the ₹55 lakh Ujjivan Small Finance Home Loan is essential. Check the table below to learn more about the applicable fees and charges:

Fee/Charge	Details
CLADUM Charges	0.75% – 2.0% of loan amount + GST (varies by loan type)
Processing Fee	₹3,350 + GST (non-refundable)
Stamp Duty and Registration Cost	Paid as per actuals to the registration department
Part-Payment Charges	No charges for up to 20% part payment once a year; 3% + taxes for extra payment
Bounce and Late Payment Charges (till 31st March 2024)	₹250 for ECS/ACH/Cheque Bounce + taxes
Bounce Charges (from 1st April 2024)	₹500 + GST per bounce
Foreclosure Charges (Fixed Rate Period)	3% if transferring the loan to another bank; NIL if closed with own funds
CERSAI Charges	₹50 + GST for loans < ₹5,00,000; ₹100 + GST for loans > ₹5,00,000

Documents Required – 55 Lakh Ujjivan Small Finance Bank Housing Loan

To apply for the ₹55 lakh home loan from Ujjivan Small Finance Bank, check the points below for the necessary documents:

PAN Card or Form 60
Original property documents
One residence proof (choose any one): Passport, Driving License, Aadhaar card, Voter’s Identity Card, Job card issued by NREGA signed by a State Government officer, or Letter from the National Population Register with name and address details
Latest 6 months’ Bank Statement or Passbook
Income Tax Returns
Salary certificate, if applicable
Form 16A, if applicable
For self-employed: Business registration documents, E-Bill, or Udyog Aadhaar

Eligibility Criteria – 55 Lakh Ujjivan Small Finance Bank Housing Loan

Check the table below to confirm your eligibility for Ujjivan Small Finance Bank’s ₹55 lakh home loan and ensure a hassle-free application process:

Criteria	Salaried	Non-Salaried
Age	Must be between 24 and 60 years	Must be between 24 and 65 years
Income	Should have a stable source of income	Should have a stable source of income
Experience	Minimum 1 year of job experience	Minimum 3 years of business experience
Co-applicant Age	Co-applicant should be at least 18 years old	Co-applicant should be at least 18 years old

Frequently Asked Questions (FAQs)

What is the EMI for a 55 lakh home loan for 20 years at Ujjivan Small Finance Bank?

For instance, if we take out a 55 lakh Ujjivan Small Finance Bank home loan at an interest rate of 12.25% annually for a tenure of 20 years, the applicable EMI will be ₹61,521.

Who is eligible for a 55 lakh home loan at Ujjivan Small Finance Bank?

To be eligible for a ₹55 lakh housing loan with Ujjivan Small Finance Bank, applicants must have a consistent income, be between 24 and 65 years old, and possess suitable work experience.

What is the monthly interest rate on a ₹55 lakh home loan from Ujjivan Small Finance Bank?

The lowest monthly interest rate offered by Ujjivan Small Finance Bank for a ₹55 lakh home loan is 0.73%.

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