Home Loan Plus

Utkarsh Small Finance Bank is committed towards providing the best in class customer relations and customised products and services. Home Loan Plus is a product meant only for our existing customers. The borrower can avail this loan in order to meet additional funding requirements for personal expenses or emergencies and not for speculative purposes.

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Benefits
Eligibility
FAQs
Fees and Charges

In order to meet unexpected expenses like medical emergencies, house renovation or family vacation, we provide a loan ranging between 2 lakh to 25 lakh.
Avail a loan for tenure of minimum 3 year to maximum 15 years.
It is over and above the existing home loan with Utkarsh Small Finance Bank.
Nil foreclosure charges in case of floating ROI loans, 2% on the principal amount and applicable taxes for fixed ROI loans.

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 for Home Loan / Repair & Renovation of Home Loan / Home Loan Plus / Take Over of Loan	1% of the Sanctioned amount subject to minimum of Rs. 3,000 and maximum of Rs.. 25,000 + GST
ii.	Statutory Charges including Legal and Technical Charge	As per actuals
iii.	Cheque /NACH/ SI Bouncing Charges	Rs. 300 + Applicable taxes
iv.	Penal Charges on Overdue EMI	2% per month on the Overdue EMI + Applicable taxes
v.	List of Documents Charges	Rs. 100 + Applicable taxes and statutory levies and charges
vi.	Photo Copy of Property papers	Rs. 500 + Applicable taxes and statutory levies and charges
viii.	Duplicate No Dues Certificate	Rs. 100 + Applicable taxes and statutory levies and charges

Benefits
1. In order to meet unexpected expenses like medical emergencies, house renovation or family vacation, we provide a loan ranging between 2 lakh to 25 lakh.
2. Avail a loan for tenure of minimum 3 year to maximum 15 years.
3. It is over and above the existing home loan with Utkarsh Small Finance Bank.
4. Nil foreclosure charges in case of floating ROI loans, 2% on the principal amount and applicable taxes for fixed ROI loans.
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