Ujjivan Small Finance Bank Plot Loans

Ujjivan Small Finance Bank introduces a seamless pathway to homeownership with its Ujjivan Small Finance Bank plot loans for plot purchase and self-construction. Offering loan amounts from ₹2 Lakh to ₹50 Lakh at competitive interest rates starting from 8.75% p.a., Ujjivan Small Finance Bank provides flexible tenure options of Up to 240 months. With transparent fee structures and the option for a loan against plot collateral, Ujjivan Small Finance Bank ensures a hassle-free journey towards realising the dream of a perfect home. Discover the promise of homeownership with Ujjivan Small Finance Bank.

Ujjivan Small Finance Bank Plot Loan – Highlights

Below is the table of key highlights of the Ujjivan Small Finance Bank Plot Loan:

Ujjivan Small Finance Bank Plot Loan Interest Rates 

Here is the table representing the interest rate of the Ujjivan Small Finance Bank Plot Loan:

Ujjivan Small Finance Bank Plot Loan Fees and Charges

There are associated fees and charges when exploring plot loans. Below is an overview of the fees and charges applicable to Ujjivan Small Finance Bank’s Plot Loans:

Ujjivan Small Finance Bank Plot Loan Eligibility Criteria

Applicants must meet certain eligibility criteria for a Plot Loan with Ujjivan Small Finance Bank:

• Age: The applicant should be between 22 and 58 years of age.
• Source of Income: The applicant should have a regular source of income.
• Employment Type: These loans are only provided to salaried individuals.
• Minimum Net Monthly Salary: The individual’s minimum net monthly salary should be greater than or equal to the minimum wage limit prescribed by the state.

Ujjivan Small Finance Bank Plot Loan Documents Required

To facilitate the application process for a Plot Loan with Ujjivan Small Finance Bank, applicants are typically required to provide the following documents.

Income Documents:

• For salaried individuals: Three years of payslips.
• For self-employed individuals: Two years of Income Tax Returns (ITR).

KYC Documents:

• PAN card.
• Secondary ID proof
• Passport-size photographs.

Features of Ujjivan Small Finance Bank Plot Loans

Here are the features of Ujjivan Small Finance Bank’s Plot Loan:

• Cover expenses related to buying a plot of land or constructing a residential house.
• Ujjivan Small Finance Bank understands that borrowers may face unforeseen circumstances during construction. They offer flexible repayment options, providing peace of mind and adaptability.
• Applying for a Ujjivan Small Finance Bank Plot Loan is hassle-free. Their online application portal and minimal documentation requirements save you time and effort.
• Ujjivan Small Finance Bank provides guidance and support throughout the loan process. You may also have access to dedicated relationship managers and technical expertise.
• Ujjivan Small Finance Bank strives to offer competitive interest rates within the market range for plot loans.

Things to Remember while Applying for a Ujjivan Small Finance Bank Plot Loan

Here are some important things to remember while applying for a Ujjivan Small Finance Bank Plot Loan:

• Before applying, ensure you meet the bank’s eligibility criteria, including age, income, and employment type.
• Clearly state the purpose of the loan, whether it is for purchasing a plot, constructing a house, or both, to align with your specific needs.
• Understand the bank’s offered interest rates and select a suitable loan tenure. Longer tenures may lower monthly payments but increase overall interest costs.
• Be aware of the processing fees associated with the loan. For instance, Ujjivan Small Finance Bank charges ₹3,350 + GST as a non-refundable processing fee.
• Maintain a good credit score to improve your loan approval chances and secure better interest rates.
• If using the plot as collateral, ensure the property title is clear and devoid of legal disputes.
• Develop a repayment strategy that suits your financial situation, whether it involves fixed EMIs or flexible repayment options.