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 personal expenses or emergencies and not for speculative purposes.

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Benefits
Eligibility
Fees and charges
FAQs

In order to meet unexpected expenses like medical emergencies, house renovation or family vacation, we provide a loan ranging between 1 lakh to 10 lakhs.

Avail a loan for tenure of minimum 1 year to maximum 10 years.

It is over and above the existing home loan with Utkarsh Small Finance Bank.

No foreclosure charges or prepayment penalties, in case you foreclose the loan before the completion of loan tenure.

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

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

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.

Benefits

In order to meet unexpected expenses like medical emergencies, house renovation or family vacation, we provide a loan ranging between 1 lakh to 10 lakhs.

Avail a loan for tenure of minimum 1 year to maximum 10 years.

It is over and above the existing home loan with Utkarsh Small Finance Bank.

No foreclosure charges or prepayment penalties, in case you foreclose the loan before the completion of loan tenure.
Eligibility

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

Fees and charges

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.