Thinking of a special Personal Loan to pay off your debts?

Take a look at Ujjivan Small Finance Bank Personal Loan to Salaried Customers

Ujjivan Small Finance Bank Personal Loan

This loan is specifically designed for salaried employees of govt. organisations and reputed private organisations to help them get funds to meet their urgent financial needs. This personal loan can also be repurposed into a consolidation loan to pay off their high-interest credit card debts and loans.

Features of Ujjivan Small Finance Bank Personal Loan Scheme for Salaried Customers

Why this Loan?

  • The Ujjivan Small Finance Bank Personal Loan is meant for salaried employees of government units/institutions and reputed organisations who need funds to meet their personal needs. This loan can also be used to pay off high-interest debts, thereby consolidating debt
  • This loan can be availed digitally
  • This is a collateral-free loan

Loan Amount

  • The maximum loan amount offered under this loan scheme is up to Rs. 15 lakh

Interest

  • The interest rate applicable to this loan is defined as the sum of two factors: one-year Marginal Cost of Funds based Lending Rate (MCLR) and a Spread factor. As of October 2020, the interest rate applicable to this loan starts from 11.49%

Repayment

  • This loan must be repaid within 5 years

Eligibility

  • The applicant must be a resident of India between the age group of 22 to 58 years
  • Salaried employees of Public Sector Undertakings, Central Government or State Government units, reputed corporate entities, educational institutions of national repute, etc. with a net monthly income more than or equal to the state-prescribed minimum wage limit

Security Needed

  • This is a collateral-free loan

Documents Needed for Individuals

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Insurance Agents: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan/ Form 26AS/TDS Certificate, IT Assessment, etc.

Reference Facts

  • Ujjivan Small Finance Bank Website: www.ujjivansfb.in
  • Headquarters: Bengaluru, Karnataka
  • Call Centre Toll-free Number: 1800 208 2121