LAP-Prime

These loans are provided by Utkarsh Small Finance Bank to salaried, self-employed professionals, self-employed non-professionals and non-individual borrowers for a minimum amount of 1,00,00,001 to a maximum amount of up to 10,00,00,000. These loans are secured against the property (residential and/ or commercial) offered as collateral. The repayment tenure for such loans is between 36 months and 180 months.

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  • Loans starting from 1,00,00,001 to 10,00,00,000

  • Loan tenure: 36 Months to 180 Months

  • Repayment in easy Equated Monthly Installment (EMI)

  • Repayment in Equated Monthly Installment (EMI)

  • Foreclosure Allowed during the tenure of the loan

  • NACH/SI allowed for loan repayment

  • Hassle Free Processing

  • KYC

  • Application form

  • Original Property Papers

  • Documents as per product norms

S. No

Charge Name

Charges

i. Processing Fee* Upto 2% of Loan Amount + Applicable taxes
ii. Account Maintenance Fee [For on MSME Loans up to 5 Lakh] Upto 2% of Loan Amount + applicable taxes
iii. Pre Closure Charges [Loan Priced at Fixed Rate of Interest]

Pre-Closed by

Pre Closure Charges

Upto 6 Months 6% of outstanding Principal portion of the loan and applicable taxes
During 07 to 24 months 4% of outstanding Principal portion of the loan and applicable taxes
During 25 months to  36 months 3% of outstanding Principal portion of the loan and applicable taxes
More than 36 months 2% of outstanding Principal portion of the loan and applicable taxes
iv. Part Prepayment Charges [Loan Priced at Fixed Rate of Interest] 4% of the Pre-Payment amount towards principal and applicable taxes
v. Cheque /NACH/ SI  Bouncing Charges 300 + Applicable taxes
vi. Penal Charges on Overdue EMI 2% per month on overdue amount for overdue period along with applicable taxes.
vii. Legal/Valuation Charges As per actuals
viii. Duplicate Interest and Principal Certificate issuance Charge 250 + Applicable taxes
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
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Apply to LAP-Prime

Loan calculator

Amount ()

1 Lac

10 Cr

Tenure ( )

1 Month

120

Interest Rate (%)

1%

31%

line-chart-pattern-bg
Equated Monthly installments (EMI)

2,10,651

Need more Information?
Deposit Amount
Interest Earned

Interest Rate

8.00%

Interest Earned

3,50,452

Maturity Value

13,50,452

Maturity Date

20 Apr 2023

(Indicative interest rates for calculation only. click here for latest rates.)

FAQs

You can apply for a LAP-Prime starting from 1,00,00,001 to 10,00,00,000

The tenure for LAP-Prime is between 36 months to 180 months.

All Individuals and Non-Individual Entities.

You can either visit your nearest Utkarsh Small Finance Bank's branch or write to us at [email protected], let us know about your requirement and we will get in touch with you.

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