Utkarsh small finance bank home loan interest rates 2024

Utkarsh small finance bank providing affordable housing loans to self-employed and salaried and self-employed individuals. Housing loan offerings are targeted towards formal, informal and semi-formal income segments and are provided for purchase/construction of plots, purchase/construction of house, improvement/restoration/extension of home.

Utkarsh Grih Sudhar

These loans range between  200,000 and  5,000,000, with a repayment tenure that ranges between 36 to 240 months. The rate of interest on home loan charged ranges between 9.00% and 14.00% per annum with the interest being charged on reducing balance.

Home Loan

housing loan offerings are targeted towards formal, informal and semi-formal income segments and are provided for purchase/construction of plots, purchase/construction of house, improvement/restoration/extension of home.

Utkarsh small finance bank Personal Loans Eligibility

1. Salaried individual with minimum 3 year’s service with 12 months or more in the current job.
2. Self employed/businessmen should have been in the business/profession for a minimum period of 3 years .
3. The entry age of borrower/s shall be less than 60 years for salaried & 65 years in case of self employed at the time of availing the loans.

Various Housing Loan Schemes

Utkarsh Grih Saral: Loans ranging between  500,000 and  1,000,000, it has a repayment tenure between 36 and 360 months. Rate of interest starting from 13% to 14% per annum on reducing balance.

Utkarsh Grih Suvidha: Loans range between  1,000,000 and  2,500,000, with a repayment tenure between 36 and 360 months. The rate of interest starting from 9% to 13% per annum on reducing balance.

Utkarsh Grih Unnati: Loans range between  2,500,000 and  6,000,000, with a repayment tenure between 36 and 360 months. The rate of interest starting from 9% to 11% per annum, on reducing balance.

Utkarsh Grih Pride : Loans range between  6,000,000 and  10,000,000, with a repayment tenure that ranges between 36 to 360 months. The rate of interest charged typically starting from 9% to 11% per annum with the interest being charged, on reducing balance.

Utkarsh Grih Prime: Loans range start from  10,000,001 and goes up to  50,000,000 with a repayment tenure that ranges between 36 to 360 months. The rate of interest charged typically starting from 9% to 11% per annum with the interest being charged, on reducing balance.

Utkarsh Grih Aadhar: Extended for existing customers of Utkarsh Small Finance Bank clints for housing purposes. Loan amounts range between  200,000 and  500,000, and has a repayment tenure between 36 to 360 months. Interest rate starting from 13% to 14% per annum, on reducing balance.

Utkarsh Grih Sudhar: These loans range between  200,000 and  5,000,000, with a repayment tenure that ranges between 36 to 240 months. The rate of interest charged ranges between 9.00% and 14.00% per annum with the interest being charged on reducing balance.

Utkarsh Awas Loan: These loans are offered for purchase/ construction/ extension/ improvement of home and is extended to borrowers belonging to economically weaker sections/ lower income group/ and middle income group segment. It is a credit linked subsidy scheme under the Pradhan Mantri Awas Yojna whereby eligible borrowers are provided a subsidy by the government on the interest component of the loan to make the home loan affordable to borrowers.

Home Loan Balance Transfer: We offer the facility to transfer the balance of an existing home loan through the home loan takeover facility. The new loan after takeover is for an amount ranging from  500,000 to a maximum of  10,000,000. The tenure for such loans range from three years and maximum of 30 years. Interest rate starts from 9% per annum with interest being charged on reducing balance.

Utkarsh small finance bank Personal Loans Fees & Charges