60 Lakh Home Loan From Ujjivan Small Finance Bank

Are you dreaming of owning your perfect home but facing financial challenges? Consider the 60 Lakh Home Loan Financial Option from Ujjivan Small Finance Bank with a competitive interest rate starting at 8.75% per annum and affordable EMI instalments. You can repay the loan according to your terms and conditions with a flexible loan tenure of 20 years. The borrower can use the funds to construct a new home, buy an under-construction plot or for home repairs. Discover how this 60 Lakh home loan from Ujjivan Small Finance Bank could be the right solution in the following guide, with EMI estimates of 5, 10, 15 and full-term tenures.

60 Lakh Home Loan Ujjivan Small Finance Bank – Highlights

Here are some of the important features of the 60 Lakh Home Loan from Ujjivan Small Finance Bank, which separate it from other financial options:

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

The EMI estimates a 60 Lakh Home Loan from Ujjivan Small Finance Bank with loan tenure of 5 years and an interest rate starting from 8.75%.

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

For a loan tenure of 10 years and an interest rate of 8.75%, the EMI estimates and interest payable for a 60 Lakh Home Loan from Ujjivan Small Finance Bank are:

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

The estimated EMI cost and interest payable for a 15-year-long 60 Lakh Home Loan from Ujjivan Small Finance Bank are:

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

Here are the estimated EMI instalment cost and interest payable for a home loan worth 60 Lakh from Ujjivan Small Finance Bank:

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

Here are the additional charges that apply to the borrower for a 60 Lakh Home Loan from Ujjivan Small Finance Bank:

• Processing Fee: A standard fee of ₹3,350 plus GST applies to all products.
• Pre-Sanction Charges: Pre-sanction charges range from 1% to 2% of the loan amount, plus GST, depending on the home loan type.
• CERSAI Registration: For loans under ₹5,00,000, a fee of ₹50 plus taxes applies, while loans above ₹5,00,000 incur a ₹100 fee plus taxes.
• Part-Payment Charges: There are no penalties for making part-payments towards the loan.
• Foreclosure Charges: You do not need to pay if you use your funds to close the loan, but a 3% fee applies if the loan is transferred to another bank.
• Late Payment Charges: The bank charges a monthly late fee of 2.5% on any missed EMI payments.
• Bounce Charges: A fee of ₹500 plus GST from April 2024 for bounced payments will be applicable.

60 Lakh Home Loan Ujjivan Small Finance Bank – Documents Required

You must submit several documents to the Ujjivan Small Finance Bank’s representative to prove your identity and financial status. Here are some of the required documents: 

For Address and Identity Verification

• Passport
• Adhaar
• Voter ID Card
• Driving License
• Signed NREGA Card
• Letter from NPR 

For Income Proof

Salaried Individuals

Non-Salaried Individuals

60 Lakh Home Loan Ujjivan Small Finance Bank – Eligibility Criteria

Indian citizens over 18 can apply for the 60 Lakh Home Loan from Ujjivan Small Finance Bank after proving their financial capability. You can contact Urban Money for more information on the bank’s eligibility criteria.