Ujjivan Small Finance Bank Home Loan for Salaried Person

Many salaried individuals dream of owning a home. Ujjivan Small Finance Bank makes this dream a reality with its home loan solutions. They understand the stability of your income and offer competitive interest rates, making your dream home more affordable. With Ujjivan, you'll experience a smooth and hassle-free process. Below is all the information you need to know about  Ujjivan Small Finance Bank home loan schemes for salaried people. 

Ujjivan Small Finance Bank Home Loan for Salaried – Highlights

Ujjivan Small Finance Bank Home Loan for Salaried  – Fees and Charges

Ujjivan Small Finance Bank Home Loan for Salaried People- Documents Required

• Proof of identity and residence (Aadhaar, PAN, passport, etc.)
• Business existence proof (business registration, GST filings)
• Financial documents (ITR for the last 3 years, balance sheet, profit & loss account)
• Bank account statements (last 6 months)
• Property documents (title deed, NOC from builder/society)
• Passport-sized photographs

Ujjivan Small Finance Bank Home Loan for Salaried Individuals – Eligibility Criteria

• Applicants must be within the age range of 18 to 70 years at the time of loan application and at the time of loan maturity.
• Must have a stable and regular income source, evidenced through income tax returns, profit and loss statements, and other financial documents.
• A good credit score, typically above 750, indicates a reliable repayment history and financial behaviour.
• For Salaried individuals, a minimum period of operation, often 3 to 5 years, is required.
• The Income-Debt ratio should be low, indicating that the applicant has sufficient income to cover the new loan payments and existing debts.
• The loan amount is often determined based on the value of the property being purchased, constructed, or renovated, requiring an official appraisal.
• The property must have clear titles and meet the bank’s technical and legal criteria.