Utkarsh Small Finance Bank - 9.50% for Home Loan - New Purchase Home Loan

Utkarsh Small Finance Bank:

Utkarsh Small Finance Bank starts at 9.50% p.a. onwards.

The lender also offers the home loan balance transfer facility to existing borrowers of other lenders wherein they can transfer their home loan to Utkarsh Small Finance Bank at lower interest rates.

Existing Utkarsh Small Finance Bank Home Loan customers can also avail the home loan top-up facility on their ongoing home loans and use the fund proceeds for personal/business related purposes.

Interest Rate	9.00% – 10.00% p.a.
Processing Fee	Upto 2% of Sanctioned amount and applicable taxes
Loan Amount	Rs 5 lakh onwards
Loan Tenure	Up to 30 years

 

Key Features of Utkarsh Small Finance Bank Home Loan

1. Attractive home loan options.

2. Balance transfer facility.

3. Simplified documentation.

4. Doorstep service with fastest process.

5. No hidden charges

 

Utkarsh Small Finance Bank Home Loan Interest Depends Upon:

1. Your Salary:

Income helps you in identifying your rate of interest.

Bank's rate varies with your monthly income.

Higher the income, lesser will be the rate

 

2. Type of loan opted for:

Utkarsh Small Finance Bank also offers differential rates for women borrowers and also under their fixed and floating rate schemes.

The rate of interest may be higher or lower under their special or popular loan product offers.

 

3. Existing bank customers:

Utkarsh Small Finance Bank offers one of the lowest home loan rates to its existing bank account customers in view of their past relationship with the bank.

 

Utkarsh Small Finance Bank Apply:

Apply for an Utkarsh Small Finance Home Loan easily on ApnaRupee.com – a channel partner for India’s top banks.
Our loan experts assist you throughout the process – from documentation to disbursal.
You can also compare Utkarsh Small Finance rates with other banks before choosing the best deal for your home loan needs.

 

Utkarsh Small Finance Bank Home Loan Documents:

For Salaried employees:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. ITR of last 2 years.

4. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

6. Income Documents – 6 months’ pay slip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit.

7. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

For Self-Employed:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

4. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

5. Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of

business existence and business profile.

6. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

Types of Utkarsh Small Finance Bank Home Loans

1. Utkarsh Grih Saral

Loan amount: Rs 5 lakh to Rs 10 lakh

Loan tenure: Up to 30 years

 

2. Utkarsh Grih Suvidha

Loan amount: Rs 10 lakh to Rs 25 lakh

Loan tenure: Up to 30 years

 

3. Utkarsh Grih Unnati

Loan amount: Rs 25 lakh to Rs 60 lakh

Loan tenure: Up to 30 years

 

4. Utkarsh Grih Pride

Loan amount: Rs 60 lakh to Rs 1 crore

Loan tenure: Up to 30 years

 

5. Utkarsh Grih Prime

Loan amount: Rs 1 crore to Rs 5 crore

Loan tenure: Up to 30 years

 

6. Utkarsh Grih Aadhar

Purpose: For providing housing loans to existing customers of Utkarsh Small Finance Bank

Loan amount: Rs 2 lakh to Rs 5 lakh

Loan tenure: Up to 30 years

 

7. Utkarsh Grih Sudhar

Purpose: For repair/extension of existing home or flat

Loan amount: Rs 2 lakh to Rs 50 lakh

Loan tenure: Up to 20 years

 

8. Utkarsh Awas Loan

Purpose: The Utkarsh Awas Loan is extended to loan applicants belonging to low income groups (LIG), middle income groups (MIG) and economically weaker sections (EWS) of the society for the purpose of home purchase, construction, extension and repair. It is a credit linked subsidy scheme (CLSS) of the under the Pradhan Mantri Awas Yojna (PMAY) wherein the borrowers are provided subsidy by the government on the interest component of their home loan

Eligibility:

Salaried individual with at least 2 years’ work experience and minimum 6 months with current employer

Self-employed applicant or business person with minimum 2 years in business/profession

Entry age of loan applicants should be lower than 55 years at the time of making the loan application

Annual income:

For EWS households: Up to Rs 3 lakh

For LIG households: Between Rs 3 lakh and up to Rs 6 lakh

For MIG households: MIG loans are of 2 categories – MIG I and MIG II. MIG I households are those with annual incomes between Rs 6 lakh and Rs 12 lakh.]

MIG II households are those with  annual incomes between Rs 12 lakh and Rs 18 lakh

The beneficiary family comprises husband, wife, unmarried sons and/or unmarried daughters.

The family should not own a pucca house (an all-weather dwelling unit) in the name of the beneficiary or any member of his/her family in any part of India

 

Frequently Asked Questions:

Q. Who can be a co-applicant for my housing loan?

Ans. Any immediate family member – your parents, spouse, earning children, or siblings – is permitted to be a co-applicant for a loan.

Adding a co-applicant will increase your loan eligibility as the income of the co-applicants will also be considered while determining the eligible loan amount.