Product Overview
Utkarsh Personal Loan is an unsecured loan being extended to only salaried individuals who are working with corporates and government entities. Customers from select locations can apply to avail PL facility with us.
Personal Loans
Utkarsh Small Finance Bank offers personal loans to salaried individuals of government, private or public sector organizations that meet our eligibility criteria. These loans range between 1,50,000 to 20,00,000, . . The repayment tenure for such loans is between 12 months to 84 months and are offered at an affordable interest rate. The minimum net income criterion is 20,000 per month for customers. Rate of Interest ranges from 13% onwards upto 20% per annum.
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Personal loans starting from 1,50,000 to 20,00,000.
Loan tenure: 12 Months to 84 Months
Repayment in easy Equated Monthly Installment (EMI)
Foreclosure Allowed during the tenure of the loan
NACH/SI allowed for loan repayment
Hassle Free Processing
The minimum net income criteria is 20,000 per month for customers
Balance transfer at attractive rates including credit card takeover.
Minimum Age 23 years up to 58 years.
Individuals working with corporates / Govt organization.
Minimum job vintage with current employer should be 6 months, overall experience should be at least 2 years.
Minimum net salary ₹ 20,000 and above.
Salary to be credited directly in bank account.
KYC ( PAN & Aadhaar proof)
3 Months Salary Slip
6 Months Salary Account Bank Statement
| S. No | Charge Name | Charges | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| i. | Processing Fee* | Upto 2% of Loan Amount + Applicable taxes | ||||||||
| iii. | Pre Closure Charges [Loan Priced at Fixed Rate of Interest] |
|
||||||||
| iv. | Part Prepayment Charges [Loan Priced at Fixed Rate of Interest] | Part Prepayment above 25% of outstanding will be charged 3% of amount paid[ once in six months in Financial year]. | ||||||||
| v. | Cheque /NACH/ SI Bouncing Charges | 300 + Applicable taxes | ||||||||
| vi. | Penal Charges | 2% per month on the Overdue amount for the Overdue Period + Applicable taxes | ||||||||
| viii. | Duplicate Interest and Principal Certificate issuance Charge | |||||||||
| ix. | Duplicate No dues Certificate / NOC issuance Charges | |||||||||
| x. | Swap Charges [Cheque/Instrument] | |||||||||
| xi. | Duplicate statement issuance Charges | |||||||||
| xii. |
Charges for subsequent set of Photocopy of loan agreement/ documents where requested by Borrower |
** Bank reserves the right to make changes in fees and charges without any prior intimation.
Note – Loan at sole discretion of Utkarsh Small Finance Bank T&C applied
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Loan calculator
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Interest Rate 8.00% |
Interest Earned 3,50,452 |
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Maturity Value 13,50,452 |
Maturity Date 20 Apr 2023 |
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(Indicative interest rates for calculation only. click here for latest rates.) |
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FAQs
You can apply for a Personal Loan starting from 1.5 Lakh to 20 Lakhs.
The tenure for Personal Loans is between 12 months to 84 months.
Salaried Individuals in government, private or public sector organizations that meet our eligibility criteria.
You can either visit your nearest Utkarsh Small Finance Bank's branch or write to us at personalloans.referral@utkarsh.bank ,let us know about your requirement and we will get in touch with you.
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