Home Loan Plus
These are Top Up loans from Utkarsh Small Finance Bank for any uses other than Housing. The loan amount is up to ₹1 crore with a repayment tenure that ranges between 36 to 240 months.
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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.
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It is over and above the existing home loan with Utkarsh Small Finance Bank.
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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 | |||
|---|---|---|---|---|---|
| Loan Priced at Fixed rate of Interest | Loan Priced at Floating rate of Interest |
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| i. | Login Fees | Upto ₹10000 plus taxes [Non-refundable] as applicable. To be Adjusted in Processing Fees for all Disbursed Proposals | |||
| ii. | Processing Fee | Upto 2% of Sanctioned amount and applicable taxes | |||
| iii. | Pre Closure Charges on HL Products [Excluding HL Plus] | 2% plus applicable taxes on principal outstanding | |||
| iv. | Part Prepayment Charges on HL Products [Excluding HL Plus] | 1% of the Pre-Payment amount towards principal and applicable taxes | Nil |
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| v. | Part Prepayment Charges on HL Plus Product | i. To all loans where borrower is an Individual, below matrix to be followed | i. Not Applicable for Individual Borrowers where purpose of loan is other than business. ii. For Loans other than specified above, below matrix to be followed |
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| 4% of the Pre-Payment amount towards principal and applicable taxes | |||||
| vi. | Pre Closure Charges on HL Plus Product |
i. Applicable to all loans and all loan purpose as per below mentioned matrix. |
|
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| Date of Loan closure from Date of Disbursement | Date of Loan closure from Date of last Disbursement | ||||
| Upto 6 Months | Upto 6 Months | ||||
| During 07 to 24 months | During 07 to 24 months | ||||
| During 25 months to 36 months | During 25 months to 36 months | ||||
| More than 36 months | More than 36 months | ||||
| vii. | Cheque /NACH/ SI Bouncing Charges | ₹ 300 plus applicable taxes | |||
| viii. | Penal Charges on Overdue EMI | ||||
| ix. | Legal/Valuation Charges | As per actuals | |||
| x. | Stamp Charges | As per actuals | |||
| xi. |
Duplicate issuance of No dues Certificate / NOC |
₹ 250 plus applicable taxes | |||
| xii. |
Swap Charges [Cheque/Instrument/Bank] |
₹ 500/ plus applicable taxes- per occasion of swapping of the PDCs/ECS mandate/NACH/ Standing instruction mandate | |||
| xiii. |
Statement of Account [SOA] issuance Charges |
₹ 250/- per instance per set plus applicable taxes | |||
| xiv. |
Change in Instalment date |
₹ 500 plus applicable taxes. [Difference period interest [if any]to be paid upfront or to be adjusted in subsequent EMI] | |||
| xv. |
Rate Regime change charges [from Floating rate type to Fixed rate type or vice versa] |
0.50% of Principal Loan Amount subject to minimum of ₹ 5000/- per instance per set plus applicable taxes | |||
| xvi. |
Charges for subsequent set of Photocopy of loan agreement/ documents where requested by Borrower |
₹ 1000/- per instance per set plus applicable | |||
| xvii. |
Replacement of Property / Asset / Collateral |
₹4000 plus taxes as applicable, additionally legal and technical charges and expense for release of mortgage on the last property and creation of mortgage on the new property to be borne by customer, Credit concurrence must be obtained. | |||
| xviii. |
Photo Copy of Property papers |
₹ 500 plus applicable taxes | |||
| xix. |
Duplicate Interest and Principal Certificate |
₹ 250 plus applicable taxes | |||
| xx. |
Rate of Interest reduction fee |
₹2500 plus taxes as applicable The "Interest rate reduction charges" are not levied for the regular reduction of the interest rate due to the fluctuation in the linked External/ Internal benchmark rates in floating rate loans. The ‘Interest rate reduction charges’ are levied in other circumstances in both fixed and floating rate loans such as when the Interest rate reduction is exercised due to negotiation with customer during the loan tenure |
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| xxi. |
Duplicate Amortization / Repayment schedule issuance charge |
₹500/ plus applicable taxes- Per Instance | |||
| xxii. |
Foreclosure [FC] Statement Charges |
₹ 500 plus applicable taxes - Per Instance | |||
| xxiii. |
DD Cancellation and Reprinting Charges at the time of disbursement |
0.25% of the DD amount or ₹1000 whichever is lower plus applicable taxes | |||
| xxiv. |
Documentation Handling Charges [CERSAI, Cibil report, Courier Charges etc.] |
₹500 plus taxes as applicable for individual customers | |||
| xxv. |
Progress Report/Subsequent Valuation Report |
₹500 plus taxes as applicable | |||
| xxvi. |
Property Paper Retrieval for |
₹ 2000 plus applicable taxes. | |||
| xxvii. |
Duplicate copy of List of Documents [LOD] |
₹ 500 plus applicable taxes. | |||
Apply to Home Loan Plus
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
In most cases, we will consider the house property attached to the original loan taken by the customer as the collateral.
The loan amound will disbursed in single tranche.
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