Utkarsh Small Finance Bank Home Loan
Utkarsh Small Finance Bank Home Loans starting at just 9.00% p.a.
Utkarsh Small Finance Bank offers a comprehensive home loan solution tailored to meet the diverse needs of prospective homeowners. Read More...
Utkarsh Small Finance Bank Home Loan Highlights
| Loan Amount | Upto ₹5 cr |
|---|---|
| Tenure | Upto 30 years |
| Rate of Interest | 9% onward |
| Processing Fee | Upto 1% of the loan amount |
| Max Tenure | 30 years |
| Foreclosure Charges | Nil |
Utkarsh Small Finance Bank Home Loans Comparison Table
Compare Utkarsh Small Finance Bank Home loan interest rates with other lenders to find the best deal. See how Utkarsh Small Finance Bank competitive rates stack up in our comprehensive comparison table.
| Name of Lender | Amount Up to | Interest Rate | Tenure |
|---|---|---|---|
| Axis Bank | ₹10 cr | 8.75% Onwards | Up to 20 years |
Utkarsh Small Finance Bank Home Loan EMI calculator
Enter the loan amount, interest rate, and loan tenure into the Utkarsh Small Finance Bank home loan EMI calculator below to determine your monthly EMI and the total interest due over the loan period.
EMI: ₹63,337.89
Total interest: ₹26,00,546.8
Total principal: ₹50,00,000
Utkarsh Small Finance Bank Eligibility
| Scheme | Interest Rate (p.a.) | Loan Amount | Loan Tenure |
|---|---|---|---|
| Utkarsh Grih Saral | 13% to 14% | Rs 5 lakh to Rs 10 lakh | Up to 30 years |
| Utkarsh Grih Suvidha | 9% to 13% | Rs 10 lakh to Rs 25 lakh | Up to 30 years |
| Utkarsh Grih Unnati | 9% to 11% | Rs 25 lakh to Rs 60 lakh | Up to 30 years |
| Utkarsh Grih Pride | 9% to 11% | Rs 60 lakh to Rs 1 crore | Up to 30 years |
| Utkarsh Grih Prime | 9% to 11% | Rs 1 crore to Rs 5 crore | Up to 30 years |
| Utkarsh Grih Aadhar | 13% to 14% | Rs 2 lakh to Rs 5 lakh | Up to 30 years |
| Utkarsh Grih Sudhar | 9% to 14% | Rs 2 lakh to Rs 50 lakh | Up to 20 years |
Utkarsh Bank Home Loan Processing Fees and Charges
Utkarsh Bank Home Loan Processing Fees
Utkarsh Bank Home Loan Prepayment charges
0.25% – 1% of loan amount plus applicable taxes
How to Apply for Utkarsh Small Finance Bank Home Loan?
Prospective borrowers interested in an Utkarsh Small Finance Bank home loan have the option to apply online either through the bank's official website, as outlined below:
Apply here
Via the Utkarsh Small Finance Bank Official Website
- Visit the Utkarsh Small Finance Bank Home Loan official website.
- Click on Apply now
- Enter the necessary details to determine the eligible loan amount.
- Complete the required information on right side and tap "Submit".
Documents Required for Utkarsh Bank Home Loan
Following is the list of documents required for different categories of customers
Utkarsh Bank Home Loan list of documents for Salaried
Utkarsh Bank Home Loan list of documents for Self-employed professionals
Utkarsh Bank Home Loan list of documents for Self-employed
Utkarsh Bank Home Loan list of documents for Farmers
Utkarsh Bank Home Loan list of documents for NRIs
Utkarsh Bank Home Loan list of documents for Salaried
- Identity and residence proof (KYC), such as an Aadhaar, PAN card, or Voter ID card.
- Income proof, such as the last 3 months salary slip, the latest Form 16, and a six-month bank statement.
- A Cheque for The Processing Fee for The Loan Application.
- Property Documents Such as Sale Deed, NOC From the Builder or Housing Society, Advance Payment Receipt to The Builder, And Approved Construction Plan.
Property Related Documents
For New Home- Allotment letter copy/Buyer agreement
- Payment receipt made to the developer
- Title deeds including previous chain of property documents
- Agreement to sell copy
- Initial payment receipt made to the seller
- Title deed of plot
- Copy of the plan approved by Local Authorities
- No encumbrance proof on the property
- The total estimate of construction by a Civil Engineer/Architect
Utkarsh Small Finance Bank Home Loan FAQ’S
Here are some of the frequently asked questions with regards to Utkarsh Small Finance Bank Home Loan
What is the current interest rate for Utkarsh Small Finance Bank home loans?
Utkarsh Small Finance Bank offers home loans starting from 9% p.a., varying based on the applicant's credit profile.
How do I calculate the interest cost for my Utkarsh Small Finance Bank home loan?
You can determine the interest cost using the Utkarsh Small Finance Bank Home Loan EMI Calculator. Simply input your loan amount, tenure, and interest rate into the calculator to obtain instant results.
What factors contribute to the fluctuation of Utkarsh Small Finance Bank home loan interest rates?
Utkarsh Small Finance Bank adjusts its housing loan rates in accordance with the repo rate. Changes in the repo rate prompt adjustments in the rates for existing Utkarsh Small Finance Bank home loan borrowers. Additionally, Utkarsh Small Finance Bank may modify the spread over benchmark rates during special or festive home loan offers.
Who is eligible to be a co-applicant for an Utkarsh Small Finance Bank Housing Loan?
Co-owners of the property must also be co-applicants for the Utkarsh Small Finance Bank Housing Loan. However, not all co-applicants need to be co-owners; close family members are typically permitted as co-applicants.
Can I make early payments toward my outstanding home loan amount?
Yes, partial or full prepayment of your home loan amount is allowed before the loan tenure ends. Utkarsh Small Finance Bank does not impose prepayment charges on home loans with floating interest rates.
How can I lower my Utkarsh Small Finance Bank Home Loan interest rate?
You can reduce your Utkarsh Small Finance Bank Housing Loan interest rate by transitioning from a higher interest rate to a lower one. Utkarsh Small Finance Bank charges a conversion fee for rate reductions, or alternatively, you can transfer your home loan to another lender offering lower rates.
What are the pre-closure charges for Utkarsh Small Finance Bank home loans?
Kotak Mahindra Bank does not levy prepayment fees on home loans with floating interest rates. For fixed-rate home loans, prepayment incurs a fee on the outstanding loan amount plus applicable taxes, except when using own sources for pre-closure.
What is the disbursement process for Utkarsh Small Finance Bank Home Loans?
After property and document verification and completion of the 'own contribution' or down payment, Utkarsh Small Finance Bank sanctions the home loan. Disbursement can be requested online or offline and is contingent on construction progress.
Is my spouse's income considered in calculating the home loan amount?
Yes, your spouse's income can bolster your home loan eligibility. Your spouse must provide income documents to Utkarsh Small Finance Bank for consideration.
What is the minimum credit score required for Utkarsh Small Finance Bank Home Loan applicants?
While Utkarsh Small Finance Bank doesn't specify a minimum credit score, it offers lower rates to applicants with scores of 750 and above.
Can I secure home loan approval while still deciding on a property?
Yes, you can apply for pre-approved home loan facilities based on your financial status, creditworthiness, and income. Property selection must occur within 6 months of loan sanction.
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