Utkarsh Lease Secure

Meet your personal or business related requirements with Utkarsh Small Finance Bank's Utkarsh Lease Secure. Avail loan against discounted rental receipts and property. Mortgage your property and get a loan ranging between 5,00,000 to 25,00,00,000. The tenure of repayment is between 3 years and 15 years.

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  • Utkarsh Lease Secure starting from 5,00,000 to 25,00,00,000.

  • Loan tenure: 36 Months to 180 Months

  • Repayment in easy Equated Monthly Instalment (EMI)

  • Foreclosure allowed during the tenure of the loan

  • NACH/SI allowed for loan repayment

  • KYC

  • Application form

  • Original Property Papers

  • Lease Agreements/Rent Agreement

  • 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 for Utkarsh Lease Secure

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 loan starting from 5 Lakhs to 25 Crore

The tenure for Utkarsh Lease Secure is between 36 months to 180 months.

Individuals, Proprietorship, Partnership Firms, Limited companies [Pvt. Ltd/Public Ltd.] & LLP.

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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