Home Loan Plus

These are Top Up loans for any uses other than Housing. The loan amount ranges between 2,00,000 to 2,500,000 with a repayment tenure that ranges between 36 to 180 months. Interest rate starting from 9.5% to 14.5% per annum with Interest being charged on reducing balance.

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Benefits
Eligibility
FAQs
Fees and Charges

In order to meet unexpected expenses such as medical emergencies, housing renovation or family vacation, we provide a loan ranging between 2 lakh to 25 lakh.
It is over and above the existing home loan with Utkarsh Small Finance Bank.

To be eligible for this loan, the combined LTV of the existing loan and proposed loan should not exceed 75%.

What are the collateral requirements?

In most cases, we will consider the house property attached to the original loan taken by the customer as the collateral.

In how many installments will the loan amount get disbursed?

The loan amound will disbursed in single tranche.

S.No.	Charge Name	Charges
i.	Processing Fees	0.25% to1% of Loan Amount + applicable taxes
ii.	Legal and Technical Charge	As per actuals
iii.	Cheque /NACH/ SI Bouncing Charges	300 + Applicable taxes
iv.	Pre Closure / Pre Payment Charges (Loan Priced at Fixed Rate of Interest)	2% + Applicable taxes on principal outstanding of Home Loan Products where end use is Housing 4% + Applicable taxes on principal outstanding of Non Home Loan Products (Home Loan Plus) where end use is not Housing
v.	Penal Interest on Overdue EMI	2% per month on the Overdue EMI
vi.	List of Documents Charges	100 + Applicable taxes
vii.	Photo Copy of Property papers	500 + Applicable taxes
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

Benefits
1. In order to meet unexpected expenses such as medical emergencies, housing renovation or family vacation, we provide a loan ranging between 2 lakh to 25 lakh.
2. It is over and above the existing home loan with Utkarsh Small Finance Bank.
Eligibility
1. To be eligible for this loan, the combined LTV of the existing loan and proposed loan should not exceed 75%.
FAQs

What are the collateral requirements?

In most cases, we will consider the house property attached to the original loan taken by the customer as the collateral.

In how many installments will the loan amount get disbursed?

The loan amound will disbursed in single tranche.

Fees and Charges