Ujjivan Small Finance Bank Personal Loan

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Why us?

Rates as low as 10.99%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

What is Ujjivan Small Finance Bank Personal Loan?

A personal loan is the easiest way to overcome your financial crisis. It is a life saver. Personal Loan is an unsecured loan that needs no documents of any collateral but all you need to do is just submit your personal documents to the bank.

As the name suggests, a Ujjivan Small Finance Bank Personal Loan may be opted by an individual due to an urgent requirement of cash, for example, any medical issue, education purpose or wedding or to fulfill any of your other personal needs.

Points to remember about Ujjivan Small Finance Bank Personal Loan:

  1. A fixed amount will be paid to the bank by the applicant.
  2. Quick and hassle-free loan disbursal is provided to the customers.
  3. The banks always make sure about your account stability. Make sure you make all the payments timely.
  4.  Do not opt for the loan amount more than your capacity of repaying it.
  5. CIBIL Score plays an important role when it comes to personal loan. By tracking your credit history, the bank decides whether you have financial stability or not

Ujjivan Small Finance Bank Personal Loan Eligibility Criteria

  1. Salary: The bank decides Ujjivan Small Finance Bank Personal Loan amount approval based on your monthly income. This is just to make sure that the applicant is capable to pay the loan amount after loan disbursal.
  2. CIBIL Score: It reflects your credit history. The score is derived using a CIBIL report, which is also known as (CIR) Credit Information Report. All your payments are tracked through CIR.
  3. Age: Applicant’s age must be between 21 to 60 years.
  4. Location: It is yet another primary concern while opting for a loan. Your personal loan will be sanctioned only from the bank branch that is nearby your current location.

Required documents for Ujjivan Small Finance Bank Personal Loan

Salaried Applicants:

  1. Last three months salary slips
  2. Six months old bank statements are considered
  3. PAN Card is must
  4. Aadhar Card is required as an identity proof
  5. Residence Proof (Owned/Rented/Company provided)
  6. Two passport sized photographs

*NOTE: If you are living in a rented apartment, then your rent agreement will be attached.

Self-Employed Applicants:

  1. All financials are considered (company documents as well as ITR files)
  2. PAN Card
  3. Aadhar Card
  4. Residence Proof
  5. Two passport sized photographs

Ujjivan Small Finance Bank Personal Loan Interest Rate

Banks have different schemes for attracting their customers to opt for loans. The main criteria is the amount of interest rate every bank charges while providing a loan to applicants who apply for it. The best thing banks can offer is the best rate of interest on the loan amount so that they don’t lose their customers.

Ujjivan Small Finance Bank Personal Loan: This bank offers the lowest rate of interest on Ujjivan Small Finance Bank Personal Loan, so while considering a loan try to go for banks who give low interest. The minimum rate that this bank provides to its customers is 15.5%.

The specialty of such banks is that they give the facility of hassle-free and quick disbursal of loan. Depending on your loan amount and your documents verification you might even get you loan disbursed within 72 hours.

*NOTE: The maximum loan amount that this bank provides is upto 2 Lakhs.

Benefits of Ujjivan Small Finance Bank Personal Loan

Ujjivan Small Finance Bank Personal Loan

  1. Easy Disbursal: There is an easy disbursal involved in the process of Personal Loan. You can now get the loan disbursed in just one-two days and sometimes within one day only.
  2. No guarantor: The best thing about Ujjivan Small Finance Bank Personal Loan is that you don’t have to show or keep any confidential papers.
  3. Personal Documents: When you go for this loan, make sure that all your documents are genuine as your documents speak for yourself.
  4. Simple Application Process: Your few documents, along with your passport-sized pictures, are required for filing your application form for a Personal Loan.

Why Dialabank?

Dialabank helps you to choose the best option of banks by providing you the updated market comparison of different banks so that you can make the right choice. Go to our website which is dialabank.com and fill a simple form with your details. Our customer relationship managers will soon get in touch with you.

What is CIBIL Score?

CIBIL Score is the history of your payments that you have done to the bank. Depending on your bank statements and payments, the bank decides how your CIBIL Score level is. The CIR (Credit Information Report) is the history of your credit score which checks your account’s history for different loans that you have taken (if any) and the credit card history (if you have).  It is essential to maintain your CIBIL Score while taking a loan because your loan sanctioning depends a lot on your credit history.

What is an EMI?

EMI is the Equated Monthly Installments that you pay to the bank for your loan amount. The borrower (an applicant) pays a fixed amount to the moneylender (the bank) at the end date or start date of every month.

The EMI is calculated based on your work profile (net salary) and the amount of loan you have to take from the bank. The scheme of EMI has been introduced by the banks so that the person can repay the loan amount by giving a fixed due every month, and there is less burden on the applicant.

FAQs About Ujjivan Small Finance Bank Personal Loan

What is Ujjivan Small Finance Bank Personal Loan?

A Personal Loan is a loaning scheme that can be availed to meet your urgent financial needs without the need to submit security with the bank. You can easily apply for a Ujjivan Small Finance Bank Personal Loan to finance your expenses.

What is the Personal Loan rate of interest in Ujjivan Small Finance Bank?

The lowest rate of interest for Personal Loan from Ujjivan Small Finance Bank is 10.75% per annum. The interest rate offered to you may vary according to your credit score and monthly income.

How can I get Ujjivan Small Finance Bank Personal Loan?

Get quick disbursing Personal Loans from Ujjivan Small Finance Bank by visiting the nearest branch with your documents. After verification and approval of your loan application, you will get the loan amount in your bank account and can use it for all your financial needs.

How to apply for Personal Loan in Ujjivan Small Finance Bank?

You can apply for Personal Loan from Ujjivan Small Finance Bank by visiting the branch with all the requisite documents and submitting a duly signed application form to the banker. You get the loan amount in your account once your eligibility has been verified and your loan has been approved.

Why apply for Ujjivan Small Finance Bank Personal Loan?

Personal Loans from Ujjivan Small Finance Bank can be used to fulfill a wide array of your financial needs. These loans come with high funding. long tenure, low-interest rates, and easy repayment facilities. You are not required to submit any form of security with the bank in exchange for these loans.

How much EMI on Ujjivan Small Finance Bank Personal Loan?

Personal Loan EMI for Ujjivan Small Finance Bank can be calculated using an online EMI calculator using just the three parameters, loan amount, loan tenure, and rate of interest.

How much CIBIL score required for Ujjivan Small Finance Bank Personal Loan?

A CIBIL score over 700 is required for Ujjivan Small Finance Bank Personal Loans. Your CIBIL score helps the bank to estimate your creditworthiness and repayment abilities.

Minimum credit score needed for Ujjivan Small Finance Bank Personal Loan?

You will need to maintain a credit score of at least 700 to avail of a Ujjivan Small Finance Bank Personal Loan.

How to calculate Ujjivan Small Finance Bank Personal Loan EMI?

Your Personal Loan EMI can be calculated using an online EMI Calculator. Visit Dialabank to compare offers from different banking and non-banking financial companies and apply for the ones that best suit your needs.

What can I use Ujjivan Small Finance Bank Personal Loan for?

Ujjivan Small Finance Bank Personal Loan can be used for a wide array of personal financial needs. You can meet all your day to day expenses and even the big ones that burden you financially. You can finance your vacations, family events, weddings, etc. You can also use your Loan to renovate your home.

Can I prepay Ujjivan Small Finance Bank Personal Loan?

Yes, you can prepay your Loan with Ujjivan Small Finance Bank by visiting the branch where your loan was sanctioned and asking the banker for the same. You will have to pay the entire outstanding loan amount with a foreclosure charge as applicable.

How to prepay Ujjivan Small Finance Bank Personal Loan?

Prepay your Ujjivan Small Finance Bank Personal Loan by contacting your loan branch in person. Depending on the case, you might be required to pay a small foreclosure fee along with your outstanding loan amount to close your Loan.

How to repay Ujjivan Small Finance Bank Personal Loan?

Your Ujjivan Small Finance Bank Personal Loan can be repaid in several ways, the most common being automatic deduction of EMIs from your bank account. You can also contact your loan branch for further information on your repayment options.

What documents are needed for Ujjivan Small Finance Bank Personal Loan?

You need your address and identity proof(Aadhar Card/Voter ID), PAN Card, Income proof(Salary Slips and Bank statement), and two recent passport-sized photographs for your Ujjivan Small Finance Bank Personal Loan.

How to check Ujjivan Small Finance Bank Personal Loan status?

Visit your loan branch or contact the customer care number of Ujjivan Small Finance Bank to know the status of your loan application and stay updated.

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