Ujjivan Small Finance Bank Car Loan Key Features – May 04 2024
| Ujjivan Small Finance Bank Car Loan Interest Rate | 7.35% per annum |
| Min Loan Amount | ₹ 100,000 |
| Max Loan Amount | Loan up to 90% of On Road Price |
| (Loan to Value) | or 100% of Ex-showroom Price |
| Ujjivan Small Finance Bank car Loan Tenure | 12 to 60 months |
| Lowest EMI / Lac | ₹ 1,622 |
| Minimum Net Monthly Income | ₹ 20,000 |
| Minimum ITR for Self Employed | ₹ 2,00,000 |
| Age Criteria | Salaried: 21 years to 60 years Self Employed: 21 years to 65 years |
| Types of Cars | For All New Passenger Cars, Multi Utility Vehicles (MUVs), and Sport Utility Vehicle (SUVs). |
| Ujjivan Small Finance Bank car loan Processing Fee | 0.40% of the principal amount |
| Foreclosure Charges | 6% (7-12 months) |
| Basic Documentation | Address Proof, Bank Statement, Car Quotation and ID Proof, Experience Proof, Latest Photograph |
About Ujjivan Small Finance Bank Car Loan
Ujjivan Small Finance Bank Limited is a small Indian finance bank that is based in Bangalore, which was established on 1 February 2017. Ujjivan Small Finance Bank is licensed to carry out small finance bank business from the Reserve Bank of India in August 2017. Ujjivan Small Finance Bank offers Car Loans at reasonable interest rates to any interested individual for buying a new or second-handed car. A car loan is easily available which can be availed by anyone with a good credit/CIBIL score.
Advantages of Ujjivan Small Finance Bank Car Loan
Ujjivan Small Finance Bank Car Loan Eligibility
| Salaried Individual |
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| Self-Employed Individuals |
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| Self-Employed Non-Individuals (Company/Partnership) |
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| Priority Customers |
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Ujjivan Small Finance Bank Car Loan Interest Rate, Fees, and Charges
| Charges | New Car Loan | Used Car Loan |
| Interest Rate | 7.35% per annum |
14.80% p.a. to 16.80% p.a. |
| Ujjivan Small Finance Bank car loan Processing fee | 0.40% | 0.40% |
| Issuance of Duplicate Repayment Schedule Charges | Around Rs.500 | Around Rs.500 |
| Foreclosure Charges | 6% | 6% |
| Penal Interest | 2% PM | 2% PM |
| Ujjivan Small Finance Bank car loan Part Payment charges | 6% of the amount | 6% of the amount |
| Cheque/Instrument Swap Charge | Around Rs.500 | Around Rs.500 |
| Documentation Charge | Around Rs. 500 | Around Rs. 500 |
| Issuance of Duplicate No Dues Certificate Charges | Around Rs. 500 | Around Rs. 500 |
| Registration Certification Collection Charge | Around Rs. 200 | Around Rs. 200 |
| Cheque Bounce/Instrument Return Charges | Around Rs. 500 | Around Rs. 500 |
| Issuance of Duplicate Statement Charges | Around Rs. 500 | Around Rs. 500 |
| Loan Cancellation/Re-booking Charges | Around Rs. 1000 | Around Rs. 1000 |
| Issuance of Credit Report | Around Rs. 50 | Around Rs. 50 |
Ujjivan Small Finance Bank Car Loan Documents Required
Salaried Individual
| Category | Documents Required |
| Identity Proof | Passport Voter ID Aadhar Card Driving License |
| Address Proof | Aadhar Card PAN Driving License Electricity Bill |
| Date of Birth Proof | Passport Birth Certificate High School Marksheet Driving License |
| Signature Proof | PAN Bankers Verification Passport |
| Income Proof | Salary Slip and latest Form No.16 |
| Bank Statement | Last 6 month Bank statement |
| Employment Continuity Proof | Job card by NREGA ITR of Form no. 16 Salary Slip mentioned with joining date Letter of Appointment |
Self-Employed Individuals
| Category | Documents Required |
| Identity Proof | PAN Card Passport Voter ID Aadhar Card |
| Address Proof | PAN Card Voter ID Passport Electricity Bill |
| Date of Birth Proof | Birth Certificate Passport Driving License PAN |
| Signature Proof | PAN Bankers Verification Passport |
| Bank Statement | Bank statement of last 6 months |
| Employment Continuity Proof | Latest ITRs Shop & Establishment Act Certificate Shop & Establishment Act Certificate Sales Tax or VAT Certificate |
| Business Proof | Registration Certificate Telephone Bill/Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate |
Self-Employed Non-Individuals:
Partnership Firms/Societies
| Category | Documents Required |
| Identity Proof | Driving License PAN Card Aadhar Card Passport |
| Address Proof | Electricity Bill/Telephone Bill Aadhar Card Driving License Voter ID |
| Income Proof | Audited Balance Sheet P&L Account ITR for the previous 2 years |
| Bank Statement | Last 6 month |
| Business Continuity Proof | Company ITR of the last 2 years Audited Balance Sheet TAX registration Certificate Current Account Statement |
| Additional documents | Letter of Authority or PAN Card |
Private Limited/Limited Companies
| Category | Documents Required |
| Identity Proof | The latest copy of MOA and AOA Copy of Incorporation |
| Address Proof | SSI/MSME Registration Certificate Telephone Bill Electricity Bill Shop & Establishment Act Certificate Sales Tax Certificate |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous 2 years |
| Bank Statement | Previous 6 Months |
| Business Continuity Proof | P&L account and ITR of the Company of the past 2 years Audited Balance Sheet Shop & Establishment Act Certificate |
| Additional documents |
List of Shareholding partners and Directors
Board Resolution PAN Card Certificate of Commencement of Business for Ltd. Co. |
Ujjivan Small Finance Bank Car Loan EMI Calculator
Any interested individual can apply for the Ujjivan Small Finance Bank Car Loan by visiting the given address. Car Loan EMI Calculator
Rate
5 Yrs
4 Yrs
3 Yrs
10.50%
2149
2560
3250
11.00%
2174
2584
3273
11.50%
2199
2608
3297
12.00%
2224
2633
3321
12.50%
2249
2658
3345
13.00%
2275
2682
3369
13.50%
2300
2707
3393
14.00%
2326
2732
3417
14.50%
2352
2757
3442
15.00%
2378
2783
3466
Ujjivan Small Finance Bank Car Loan Types
Ujjivan Small Finance Bank Car Loan has many options for interested people. Some of them are:
- New Car Loan – This kind of car loan provides credit to the applicant who is willing to buy a brand new car and provides a tenure of as long as seven years.
- Used Car Loan – With this, you can buy any used car with all necessary documents using the Ujjivan Small Finance Bank used car loan feature with a tenure of 5 years.
- Loan Against Car – You can use your car as security and get a loan against it for quickly allocating essential funds.
How to Apply for Ujjivan Small Finance Bank Car Loan?
- Visit Dialabank.
- Fill out the form that is available at the top of the page.
- Wait for our Relationship Manager will get in touch with you.
- You will be helped in comparing the different rates and choose the best way to go about the Ujjivan Small Finance Bank Car Loan.
- You can get instant approval through Dialabank.
FAQs for Ujjivan Small Finance Bank Car Loan
✅ What is Ujjivan Small Finance Bank Car Loan?
Ujjivan Small Finance Bank Car Loan is a financial product of Ujjivan Small Finance Bank which provides loans to the customers for purchasing a Car.
✅ How can I get a Car Loan from Ujjivan Small Finance Bank?
You can apply for a Car Loan with Ujjivan Small Finance Bank by directly contacting the branch or apply with Dialabank for exciting offers on a Car Loan.
✅ How does Uujjivan Small Finance Bank Car Loan work?
Ujjivan Small Finance Bank provides Loans to applicants willing to purchase a new car and the car is the only collateral involved in the process. Monthly EMIs are fixed with interest rates being charged on them.
✅ What is the Ujjivan Small Finance Bank Car Loan Rates?
7.35% per annum
is the Minimum Rate of Interest charged by Ujjivan Small Finance Bank against the loan.✅ How to Check the Ujjivan Small Finance Bank car loan status?
You can check your Car Loan status by directly entering your Loan details in the “Loan Status” address on the Ujjivan Small Finance Bank official website. Or contact your Ujjivan Small Finance Bank car Loan Department.
✅ How to Calculate Car Loan Interest in Ujjivan Small Finance Bank?
You can easily calculate the Interest as well as the EMI of your Loan by using Dialabank’s EMI Calculator.
✅ What is the maximum loan amount I can avail myself of on a Car Loan from Ujjivan Small Finance Bank?
Maximum Loan depends upon the Profile of the applicant and the Price/variant of the car. Whereas, you can get a loan up to 100% value of the ex-showroom price.
✅ What is the loan tenure of Ujjivan Small Finance Bank Car Loan?
The tenure of the Ujjivan Small Finance Bank car Loan can go up to 60 months.
✅ Can I get a 100% Car Loan from Ujjivan Small Finance Bank?
Yes, you can avail 100% Car Loan on the ex-showroom price of the car.
✅ How much Processing Fee is applicable on Ujjivan Small Finance Bank Car Loan?
0.40% of the principal amount is the basic Processing Fee charged by Ujjivan Small Finance Bank on Car Loans.
✅ What are the EMI options available on the Ujjivan Small Finance Bank car loan?
The options available are Step-Up EMI and Balloon EMI.
✅ What are the Ujjivan Small Finance Bank Car Loan Prepayment charges?
Up to 5% of the outstanding amount can be charged as Foreclosure Charges on Prepayment of the loan and to know the Ujjivan Small Finance Bank car loan foreclosure process you can contact the bank.
✅ Can I get a top-up loan on my existing Ujjivan Small Finance Bank car loan?
Yes, Ujjivan Small Finance Bank provides an option of Top-up Loan on Ujjivan Small Finance Bank Car Loan for existing customers.
✅ Do I need to provide a guarantor to avail myself of a car loan from Ujjivan Small Finance Bank?
No, Ujjivan Small Finance Bank Car Loan Doesn’t require any guarantor.
✅ How to get Ujjivan Small Finance Bank Car Loan Statement?
Get your Ujjivan Small Finance Bank Car Loan statement by logging in to a car loan portal or Get it directly from the branch.
✅ How to Pay Ujjivan Small Finance Bank Car Loan Interest Online?
Pay your Ujjivan Small Finance Bank Bank car Loan online by using Net Banking on Ujjivan Small Finance Bank’s official website.
✅ What if I can’t pay the interest on the Ujjivan Small Finance Bank Car Loan for three months?
The Bank charges around Rs.100 + GST for each EMI not paid on time.
✅ How can I apply for EMI Moratorium on Ujjivan Small Finance Bank Car Loan?
You can apply for EMI Moratorium by the direct link provided by the Bank through SMS or By visiting the Ujjivan Small Finance Bank Official Website.
✅ What is the number for Ujjivan Small Finance Bank Car Loan agent?
Dialabank is the most reliable Car Loan agent in Ujjivan Small Finance Bank so Call us at 9878981166.
✅ How to close the Ujjivan Small Finance Bank car loan online?
You can initiate the Loan Closure procedure online but have to visit the branch to finish it.
✅ What is Ujjivan Small Finance Bank Car Loan Customer Care Number?
Ring us at 9878981166 for any of your questions.
✅ How can I get a Ujjivan Small Finance Bank car loan NOC online?
Follow the following steps to get your Ujjivan Small Finance Bank bank car loan NOC online or to place a Ujjivan Small Finance Bank car loan NOC request:
> Log in to Ujjivan Small Finance Bank website with your credentials -> Customer Service -> Service Request -> Product -> Request for NOC.
OR
Visit the nearest Ujjivan Small Finance Bank Bank Branch.
✅ What is the Ujjivan Small Finance Bank Car Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the Ujjivan Small Finance Bank Car Loan account.
- Pay the pre-closure charges as per Ujjivan Small Finance Bank Car Loan.
✅ What are the Ujjivan Small Finance Bank Car Loan preclosure charges?
Ujjivan Small Finance Bank Car Loan preclosure charges are up to 5%+ GST.
✅ What is the Ujjivan Small Finance Bank Car Loan maximum tenure?
The Ujjivan Small Finance Bank Car Loan’s maximum tenure is 60 months.
✅ What is the Ujjivan Small Finance Bank Car Loan minimum tenure?
The Ujjivan Small Finance Bank Car Loan minimum tenure is 12 months.
