[2022] How to get Utkarsh Small Finance Bank Personal Loan complete details


Utkarsh Small Finance Bank Personal Loan Apply Online, Interest Rates, Fee and Charges, Eligibility

Utkarsh Small Finance Bank offers personal loans up to Rs 10 lakh to job seekers. , Loans can be availed at attractive interest rates with minimal documentation. Moreover, it comes with great flexibility i.e., you can use the loan for various purposes. Read on to know key details of Utkarsh Small Finance Bank personal loan, including interest rate, eligibility, how to apply for the loan and more.

About Utkarsh Small Finance Bank

Utkarsh Small Finance Bank is a private sector bank in India with net worth of 0 crores. Its headquarter is in Delhi.

It provides all financial services to its customers like saving deposit, fixed deposit, recurring deposit, home loan, personal loan, car loan, education loan, gold loan, PPF account, locker, netbanking, mobile banking, RTGS, NEFT, IMPS . E-Wallet, Atal Pension Yojana, Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.

Utkarsh Small Finance Bank Personal Loan Highlights

Interest rate As per applicant profile
Loan Amount Up to Rs. 10 lakh
Loan Tenure Up to 48 months
Eligible Applicant Categories Salaried Individuals
Processing Fees Up to 2% of loan sanctioned

Features of Utkarsh Small Finance Bank Personal Loan

How much loan will you get: You Rs. 100,000 One can avail a personal loan for an amount as low as Rs.1,000,000.

Loan Repayment Tenure: Utkarsh Small Finance Bank Personal Loan has a flexible tenor, which allows you to repay the loan in a tenor ranging from 12 months (1 year) to 48 months (4 years) as per your convenience.

For what needs the loan will be available: You can use the loan amount to meet a variety of expenses such as home renovation, travel, wedding and even medical emergencies.

Part Prepayment and Foreclosure: The bank allows you to pay off the loan both in part and in full before the stipulated due date, which helps in ensuring savings in terms of interest payments. However this is subject to certain conditions and charges mentioned in subsequent sections.

Utkarsh Small Finance Bank Personal Loan interest rate of

The interest rate for Utkarsh Small Finance Bank Personal Loan is not fixed and varies from applicant to applicant mainly based on the applicant profile. Key applicant-specific factors that affect a personal loan interest rate include credit score, income, outstanding loans, type of employment, etc.

Who can avail Utkarsh Small Finance Bank Personal Loan?

Utkarsh Small Finance Bank Personal Loan is currently offered only to employed individuals with a regular source of income. Self-employed applicants can instead opt for a business loan from the bank subject to the applicable norms and policies.

Documents Required for Utkarsh Small Finance Bank Personal Loan Application

Following is the list of documents required to apply for a personal loan with Utkarsh Small Finance Bank:

  • Completely filled personal loan application form
  • Bank account statement
  • KYC Documents: This can include your Aadhar Card, Voter ID Card, PAN Card, Driving License or Passport.
  • Proof of Income: This includes your last 3 months salary slip.

Utkarsh Small Finance Bank Personal Loan

Following are the major charges excluding interest as applicable on Utkarsh Small Finance Bank Business Loan:

Particulars Charges*
Processing Fee on loans of less than Rs. 5 lakh 2% of the loan amount
Foreclosure Charges 4% of the outstanding loan amount, if closed between the 7th and 24th month of the loan tenure.
3% of the outstanding loan amount, if closed between the 25th and 36th month of the loan tenure.
2% of the outstanding loan amount, if closed after the 36th month of the loan tenure.
Part Prepayment Charges 4% of the outstanding principal prepaid.
Check/ NACH/ SI Bounce Charges Rs. 300
Penal Charges on Overdue EMI 2% per month on the overdue EMI
Duplicate Interest and Principal Certificate Rs. 250
Credit Bureau report charges Rs. 50
Duplicate No dues Certificate / NOC Rs. 250
Swap Charges (Check/Instrument) Rs. 500 per occasion of swapping of the PDCs/ ECS mandate/ NACH/ Standing Instruction (SI) mandate.
Duplicate statement issue Charges Rs. 250 per instance
Fee for set of photocopies of loan agreement/documents as requested by the borrower Rs. 250 per instance

Utkarsh Small Finance Bank Customer Care

  • Toll free number for Utkarsh Small Finance Bank personal loan related queries is 1800-208-1788,
  • Email ID: customercare@utkarsh.bank
  • Utkarsh Small Finance Bank Website: www.utkarsh.bank
  • Via Post/Courier: You can write to S-24/1-2, First Floor, Mahavir Nagar, Orderly Bazar, Near Mahavir Mandir, Varanasi -221002(UP) India.

How to apply for Utkarsh Small Finance Bank Personal Loan?

Apply Online: You can apply online through Utkarsh Small Finance Bank website and fill your personal details and job details.

  • Firstly visit the official website of Utkarsh Small Finance Bank.
  • Go to the Personal Loan section here.
  • You have to click on apply online button.
  • After this a popup form will open. Give all the correct information in it.
  • After that the bank officials will contact you themselves and talk about the further process.

apply offline: You can personally visit any of the Utkarsh Small Finance Bank branch along with all the required documents, fill the form and start your loan approval process.

How to make Utkarsh Small Finance Bank Personal Loan Repayment

A maximum of 60 EMIs are allowed for personal loan repayment. It starts with 12 EMIs. The repayment period also depends on your credit score.

One of the following methods can be used to repay the loan.

  • Standing Instruction Registration with your Bank
  • Through Internet Banking Solution
  • Automatic payment through ECS (Electronic Clearing Service)
  • Through Mobile Banking App, if provided by the Bank

Frequently Asked Questions (FAQs)

How do I apply for a personal loan?

You can either visit your nearest Utkarsh Small Finance Bank branch or write to Communication@utkarsh.bank, explain your requirement and the bank will get in touch with you.

What is the maximum and minimum personal loan amount offered by Utkarsh Small Finance Bank?

Following are the upper and lower loan limits for bank personal loans:
Max: Rs. 10 lakh
Minimum: Rs. 1.5 lakh

What is the repayment tenure for Utkarsh Small Finance Bank Personal Loan?

The repayment tenure of Utkarsh Small Finance Bank Personal Loan ranges from 12 months to 48 months.

What are the processing charges for Personal Loan offered by Utkarsh Small Finance Bank?

The bank charges up to 2% of the loan amount as processing fee at the time of loan disbursement.

Who can apply for Personal Loan in Utkarsh Small Finance Bank?

Only salaried individuals can apply for a personal loan.

What is the customer care number for personal loan queries at Utkarsh Small Finance Bank?

The customer care number for personal loan queries is 1800-208-1788 (toll-free).

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