Ujjivan Small Finance Bank
Ujjivan Small Finance Bank offers personal loans to help with your financial needs. You can borrow between Rs. 50,000 and Rs. 1.5 lakh at a great interest rate.
Documents Required to Apply for Personal Loan
- Passport size photographs
- Proof of qualification (For Self Employed)
- Certificate of practice (For Self Employed)
- MCI registration certificate (For Self Employed)
Features of Personal Loan
Ujjivan Personal Loan Features
| Feature | Salaried Individuals | Self-Employed Individuals |
|---|---|---|
| Loan amount | ₹50,000 to ₹15 lakh, based on eligibility | ₹50,000 to ₹15 lakh, based on eligibility |
| Repayment period | 12 to 60 months | 12 to 60 months |
| Interest rate | Starts from 11.49% per year | Starts from 11.49% per year |
| Security / collateral | No security required | No collateral required |
| Documentation | Simple, minimal, and contactless | Simple and contactless, no physical documents |
| Application mode | Apply easily online | Apply online from home |
Eligibility Criteria for Salaried Individuals
- The applicant must be employed and have a steady source of income.
- The age should be between 22 and 58 years at the time of application.
- A minimum of 2 years of work experience is required.
- The net monthly income should be ₹15,000 or more.
Eligibility Criteria for Self-Employed Individuals
- Allopathic doctors with their own clinic or practice can apply.
- The applicant must have at least 3 years of professional experience.
- The minimum monthly income should be ₹30,000.
- A valid BDS or MBBS degree is required.
- The doctor must be registered with the Medical Council of India (MCI).
- The applicant should own or operate a clinic, hospital, or nursing home.
- Income must come from the applicant’s own medical consultancy practice.
Does Ujjivan Small Finance Bank offer personal loans?
Yes, Ujjivan Small Finance Bank provides personal loans to Indian residents aged 22 to 58 who have a regular income. Loan approval depends on the bank’s eligibility check.
What is the highest personal loan amount I can apply for?
You can get a personal loan of up to ₹15 lakh from Ujjivan Small Finance Bank.
What can I use a Ujjivan personal loan for?
You can use the loan for personal needs like your child’s education or other expenses. However, it cannot be used to invest in shares or the stock market.
How can I pay my Ujjivan personal loan EMI?
You can pay your EMI online through the Ujjivan Bank website. Payments are made through debit mandate, ECS, or ACH, depending on your bank account.
Can I check my EMI payment history online?
Yes, you can check all your EMI payment details on the Ujjivan Small Finance Bank website using your loan application number or registered mobile number.