Ujjivan Small Finance Bank Home Loan for Self Employed

Ujjivan Small Finance Bank tailors home loan solutions that resonate with the entrepreneurial spirit. It is committed to accessibility, compassion, and unwavering support. This bank goes beyond simply providing loans; it builds relationships and communities. Thus, Urban Money has curated this home loan guide. You can also connect to us directly if you want to get a home loan without any hassle. 

Ujjivan Small Finance Bank Home Loan for Self-Employed – Highlights

Ujjivan Small Finance Bank Home Loan for Self-Employed – Fees and Charges

Ujjivan Small Finance Bank Home Loan for Self-Employed – 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 Self-Employed – 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 self-employed individuals, a minimum period of business operation, often 3 to 5 years, is required.
• This 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.