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
	Processing Fees	0.25% to1% of Loan Amount + applicable taxes
	Legal and Technical Charge	As per actuals
	Cheque /NACH/ SI Bouncing Charges	Rs. 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	Rs. 100 + Applicable taxes
vii.	Photo Copy of Property papers	Rs. 500 + Applicable taxes
viii.	Duplicate Interest and Principal Certificate issuance Charge	Rs. 250 + Applicable taxes
ix.	Duplicate No dues Certificate / NOC issuance Charges	Rs. 250 + Applicable taxes
x.	Swap Charges (Cheque/Instrument)	Rs. 500/- per occasion of swapping of the ECS mandate/NACH/ Standing instruction mandate+ Applicable taxes
xi.	Duplicate statement issuance Charges	Rs. 250/- per instance per set + Applicable taxes
xii.	Charges for subsequent set of Photocopy of loan agreement/ documents where requested by Borrower	Rs. 250/- per instance per set + Applicable taxes

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