A takeover of loan scheme from Utkarsh Small Finance Bank to meet your financial needs

A special loan scheme to help home loan borrowers meet their personal needs or pare down their debts

Utkarsh Small Finance Bank Home Loan Balance Transfer

This scheme is designed for home loan borrowers from other banks to help them transfer it to Utkarsh Small Finance Bank. This is the perfect consolidation loan scheme for home loan borrowers since the bank offers flexible loan tenure and competitive interest rate.

Features of Utkarsh Small Finance Bank Home Loan Balance Transfer

Why this Loan?

  • The Utkarsh Small Finance Bank Home Loan Balance Transfer is meant for home loan borrowers who want to transfer their home loan from other banks to Utkarsh Small Finance Bank
  • The bank offers flexible loan tenures and competitive interest rates on this scheme
  • There are no foreclosure charges on this loan

Loan Amount

  • The minimum loan amount sanctioned by the bank under this loan scheme is Rs. 5 lakh. The maximum loan amount sanctioned by the bank under this loan scheme is Rs. 1 crore

Repayment

  • This maximum repayment period offered by the bank for this loan is 30 years

Interest

  • As of October 2020, the interest rate applicable to this loan is not mentioned on the bank’s website. We suggest calling a bank representative to get more details

Eligibility

  • The applicants must be above the age of 18 years and residents of India
  • The applicant must be a home loan borrower and have a good repayment record

Security Needed

  • The bank asks for the first charge of equitable/registered mortgage of property financed with the home loan

Processing Charges

  • The bank charges 1.00% of the loan amount up to a maximum of Rs. 25,000 for processing this loan

Documents Needed for Individuals (Salaried and Self-employed)

  • 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/Non Professionals: 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

  • Utkarsh Small Finance Bank Website: www.utkarsh.bank
  • Headquarters: Varanasi, Uttar Pradesh
  • Call Centre Toll-Free Number: 1800 180 6878, 1800 208 1788, 1800 123 9878