Ujjivan Small Finance Bank Home Loan: Affordable Housing in Kolkata

Finding the right home loan can be a daunting task, especially in a bustling city like Kolkata. But what if you could find a lender that understands your needs and offers affordable housing solutions? That’s where Ujjivan Small Finance Bank comes in.

With its attractive interest rates, flexible repayment options, and a customer-centric approach, Ujjivan Small Finance Bank is becoming a popular choice for individuals seeking Ujjivan Small Finance Bank Home Loans in Kolkata.

As the best loan DSA in Kolkata, Loanoffice.in is your trusted partner in navigating the home loan process and securing the best deal with Ujjivan Small Finance Bank.

Key Takeaways

• Ujjivan Small Finance Bank provides a range of home loan options, including home purchase, construction, composite, and improvement loans.
• Interest rates start as low as 8.75% p.a., making it one of the most competitive offerings in the market.
• Loan amounts go up to Rs 75 lakh with tenures extending up to 20 years.
• Ujjivan Small Finance Bank caters to both salaried and self-employed individuals.
• A Loan DSA in Kolkata like Loanoffice.in can simplify the application process and help you get the best rates.

Ujjivan Small Finance Bank Home Loan: An Overview

Ujjivan Small Finance Bank, known for its focus on financial inclusion, has designed its home loan products to cater to a wide range of borrowers. Whether you’re looking to purchase your dream home, construct a new one, or renovate your existing property, Ujjivan has a solution for you.

Their commitment to transparency and customer satisfaction makes them a reliable partner in your homeownership journey.

Types of Ujjivan Home Loans

Ujjivan Small Finance Bank offers a variety of home loan products to meet the diverse needs of its customers. Let’s explore the different types:

Ujjivan Home Purchase and Construction Loan

• Purpose: This loan helps you purchase a ready-to-move-in property or construct a new house on a plot you already own.
• Amount: Rs 2 lakh to Rs 75 lakh
• Tenure: 39 months to 20 years

Ujjivan Composite Home Loan

• Purpose: This unique offering allows you to finance both the purchase of a plot and the construction of your home on that plot.
• Amount: Rs 2 lakh to Rs 50 lakh
• Tenure: 39 months to 20 years

Ujjivan Home Improvement Loan

• Purpose: Need to renovate, extend, or repair your existing home? This loan provides the financial support you need.
• Amount: Rs 2 lakh to Rs 25 lakh
• Tenure: 39 months to 15 years

Ujjivan Home Loan Interest Rates

One of the most attractive features of Ujjivan Small Finance Bank Home Loans is their competitive interest rates. Here’s a breakdown:

Home Loan Scheme	Interest Rates
Home Purchase and Construction Loan	8.75% p.a. to 16.75% p.a.
Composite Home Loan (Plot purchase & Self-construction)	8.75% p.a. to 17.75% p.a.
Home Improvement Loan	8.75% p.a. to 17.75% p.a.

Note: The final interest rate offered to you will depend on factors like your credit score, income, job profile, and the loan amount you’re seeking.

Ujjivan Home Loan Eligibility Criteria

Ujjivan Small Finance Bank has straightforward eligibility criteria for its home loans. While the specific requirements may vary based on the loan type and your individual profile, here are some general guidelines:

• Age: You should be at least 21 years old at the time of loan application and not more than 65 years old at loan maturity.
• Income: You need to demonstrate a stable income source, whether you’re salaried or self-employed.
• Credit Score: A good credit score (CIBIL score) significantly improves your chances of loan approval and helps you secure a lower interest rate.
• Employment Stability: Salaried individuals should have a minimum work experience of 2 years, while self-employed individuals need to show a stable business track record.

Ujjivan Home Loan Documents Required

To apply for a Ujjivan Small Finance Bank Home Loan, you will need to submit the following documents:

Common Documents

• PAN Card/ Form 60
• Original property documents
• Residence proof (any one of the following):
  • Passport
  • Driving License
  • Proof of possession of Aadhaar
  • Voter’s Identity Card
  • Job card issued by NREGA duly signed by an officer of the State Government
  • Letter issued by the National Population Register containing details of name and address
  • Aadhaar card

Income Documents

• Latest 6 months Bank Statement/ Passbook
• Income Tax Returns
• Salary certificate (wherever applicable)
• Form 16A (wherever applicable)

Business Proof Documents for Self-employed:

• Business Registration documents
• E-Bill
• Udyog Aadhaar

Ujjivan Home Loan Fees and Charges

It’s essential to be aware of the fees and charges associated with a Ujjivan Small Finance Bank Home Loan:

• Processing Fee: Ujjivan charges a processing fee of Rs 3,350 for home loans.
• Foreclosure Charges: NIL if using own funds during the fixed interest rate period. 3% if transferring the loan to another bank during the fixed interest rate period.
• Part Payment Charges: NIL
• Other Fees and Charges:
  • CLADUM Charges (Credit, Legal, Administrative, Documentation, Upkeep and Maintenance Charges): Up to 2% of the loan amount + GST
  • CERSAI Charges: For loan amounts above Rs 5 lakh: Rs 100+ taxes; For loan amounts below Rs 5 lakh: Rs 50 + taxes
  • Loan Cancellation Charges: Up to 2%
  • ECS/ACH/Cheque Bounce: Rs 250
  • Stamp duty and registration cost: On actuals to be paid to the registration department
  • Duplicate amortization schedule issuance charge: Rs 100 per instance
  • Duplicate statement issuance charge: Rs 100 per instance

Benefits of Choosing Ujjivan Small Finance Bank Home Loan

• Competitive Interest Rates: Enjoy affordable EMIs with Ujjivan’s attractive interest rates.
• Flexible Loan Tenure: Choose a repayment tenure that suits your financial capabilities, up to 20 years.
• Quick Processing: Ujjivan aims to process your loan application swiftly and efficiently.
• Transparency: Clear and upfront communication regarding fees, charges, and loan terms.
• Customer-Centric Approach: Ujjivan’s dedicated customer support team is available to assist you throughout your loan journey.

Why Choose Loanoffice.in as Your Loan DSA in Kolkata?

Navigating the home loan process can be complex, especially if you’re unfamiliar with the intricacies of the financial market. That’s where Loanoffice.in, the best loan DSA in Kolkata, comes in. Here’s how we can help:

• Expert Guidance: Our team of experienced loan advisors understands the nuances of Ujjivan Small Finance Bank Home Loans and can provide personalized guidance based on your needs.
• Best Rate Negotiation: We leverage our strong relationships with Ujjivan to negotiate the best possible interest rates and loan terms for you.
• Simplified Application Process: We handle all the paperwork and documentation, making the application process seamless and hassle-free.
• End-to-End Support: From initial consultation to loan disbursement, we provide comprehensive support throughout the entire loan journey.

Conclusion

Ujjivan Small Finance Bank Home Loan offers a compelling proposition for individuals looking to achieve their homeownership dreams in Kolkata.

With competitive interest rates, flexible loan options, and a customer-centric approach, Ujjivan makes homeownership accessible to a wider audience.

Partnering with Loanoffice.in, the best loan DSA in Kolkata, can further streamline the loan process and ensure you get the best possible deal. Take the first step towards owning your dream home today!

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