Utkarsh small finance bank personal loan interest rates 2024
Utkarsh small finance bank offers personal loans to salaried customers in government, private or public sector organizations that meet our eligibility criteria. These loans range between 100,000 to 1,000,000. The repayment tenure for such personal loans is between 12 months to 48 months and are offered at an interest rate between 17% to 22% per annum. The minimum net income criteria is 20,000 per month for customers.
Utkarsh small finance bank Personal Loans Benefits
- Personal loans starting from 100,000 to 1,000,000.
- Loan tenure: 12 Months to 48 Months
- Repayment in easy Equated Monthly Installment (EMI)
- Foreclosure Allowed during the tenure of the loan
- NACH/SI allowed for loan repayment
- Hassle Free Processing
- The minimum net income criteria is 20,000 per month for customers
- Check Personal loan interest rates here
Utkarsh small finance bank Personal Loans Documents List
- KYC
- Application form
- Salary Slip
- Bank Statement
Utkarsh small finance bank Personal Loans Fees & Charges
| S. No | Charge Name | Charges | ||||||||||
| i. | Processing Fee* | Upto 2% of Loan Amount + Applicable taxes
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| ii. | Account Maintenance Fee (For on MSME Loans up to 5 Lakh) | Upto 2% of Loan Amount + applicable taxes
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| iii. | Pre Closure Charges (Loan Priced at Fixed Rate of Interest) |
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| iv. | Part Prepayment Charges (Loan Priced at Fixed Rate of Interest)
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4% of the Pre-Payment amount towards principal and applicable taxes
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| v.
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Cheque /NACH/ SI Bouncing Charges
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300 + Applicable taxes
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| vi. | Penal Interest on Overdue EMI
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2% month on the Overdue EMI for the Overdue Period | ||||||||||
| vii. | Legal/Valuation Charges | As per actuals | ||||||||||
| viii. | Duplicate Interest and Principal Certificate issuance Charge | 250 + Applicable taxes
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| ix. | Duplicate No dues Certificate / NOC issuance Charges | 250 + Applicable taxes | ||||||||||
| x. | Swap Charges (Cheque/Instrument) | 500/- per occasion of swapping of the ECS mandate/NACH/ Standing instruction mandate+ Applicable taxes | ||||||||||
| xi. | Duplicate statement issuance Charges | 250/- per instance per set + Applicable taxes | ||||||||||
| xii. | Charges for subsequent set of Photocopy of loan agreement/ documents where requested by Borrower | 250/- per instance per set + Applicable taxes |
