Ujjivan Small Finance Bank offers personal loans so that you can meet your financial needs. You can avail a loan amount ranging between Rs.50,000 and Rs.1.5 lakh at attractive rate of interest. The repayment tenure ranges between 1 year and 5 years. The rate of interest levied by the lender will depend not only on the loan amount but also on the repayment tenure and your credit score. The bank provides personal loan to both salaried and self-employed individuals.
Key Features of Ujjivan Personal Loan for salaried individuals
Loan amount: When a borrower applies for a personal loan from this bank, he or she will be able to get an amount between Rs.50,000 and Rs.15 lakh based on his/her eligibility to meet his/her financial need.
Loan repayment tenure: The repayment tenure for Ujjivan Personal Loans can vary from 12 months to 60 months based on the repayment capacity of the applicant.
Rate of interest: The rate of interest for personal loan for salaried individuals start at 11.49% p.a.
Security: No security is required for availing of personal loan from Ujjivan Small Finance Bank.
Contactless documentation: The documentation process is minimal, hassle-free, and contactless.
Online application process: Apply for a personal loan from Ujjivan Small Finance Bank online.
Eligibility Criteria for Ujjivan Personal Loan for salaried individuals
The applicant should be a salaried individual with a regular source of income.
The minimum age of the borrower for the loan is 22 years and the maximum age is 58 years.
Minimum work experience of 2 years and minimum net monthly income of Rs.15,000 required.
Documents Required to Apply for an Ujjivan Personal Loan for salaried individuals
Proof of address such as Aadhaar, driving license, etc.
PAN Card
Company ID card
Proof of income such as salary slips for the previous 3 months, bank statements of salary bank account or main active bank account for the previous 6 months
Passport size photographs
Key Features of Ujjivan Personal Loan for self-employed individuals
Loan amount: One can avail a loan amount ranginge between Rs.50,000 and Rs.15 lakh based on their eligibility.
Loan repayment tenure: The repayment tenure for Ujjivan Personal Loans can vary from 12 months to 60 months.
Online application process: The application process can be done online from the comfort of your home.
Security: You will not be required to submit any security or collateral for availing of personal loan from Ujjivan Small Finance Bank.
Rate of interest: The rate of interest for personal loan for self-employed individuals start at 11.49% p.a.
Contactless documentation: The documentation process is minimal, hassle-free, and contactless.
Eligibility Criteria for Ujjivan Personal Loan for self-employed individuals
Self-employed allopathic doctors who are practicing independently can apply for a personal loan from Ujjivan Small Finance Bank.
Minimum work experience of 3 years and a minimum net monthly salary of Rs.30,000.
Should hold a degree in BDS or MBBS and must have a valid MCI accredition.
The doctor must own their own nursing home, clinic, or hospital.
The doctor must draw income from their own consultancy.
Documents Required to Apply for an Ujjivan Personal Loan for self-employed individuals
Proof of address such as Aadhaar, driving license, etc.
PAN Card
Company ID card
Proof of income such as salary slips for the previous 3 months, bank statements of salary bank account or main active bank account for the previous 6 months
Proof of qualification
Passport size photograph
Certificate of practice
MCI registration certificate
How to Apply for an Ujjivan Personal Loan Online on BankBazaar.com?
You can easily apply for an Ujjivan Personal Loan at BankBazaar.com within a few minutes. The steps for the application process are as detailed below:
You should first update the loan eligibility form with accurate personal details. This includes income details, liabilities, personal information, etc. After the submission of the form, the online tool will check your eligibility for the loan. Following this, personalised personal loan options are displayed on the screen.
From the list of options provided, you can compare the loan details and choose the one that best suits your needs.
The final step is the e-approval process from BankBazaar.com. Once the personal loan application is submitted online successfully, you will receive the e-approval instantly.
How to apply for Ujjivan Personal Loan on the bank’s website
Select whether you are existing customer or not. If you are an existing one then provide your customer id, mobile number, and enter the text given into the box. Click on ‘Submit’. Once you log in, follow the instructions given to apply for a personal loan.
If you are a new customer, then you will have to provide a host of information such as your name, mobile number, email ID, city in which you reside, type of employment, etc. Tick the box where you authorise a representative from the bank to contact you for application for a personal loan.
In the next step, click on ‘Proceed’. A bank representative will get in touch with you.
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I have taken personal loan through Ujjivan Small Finance .The rate of interest and the processing fee was quite nominal.This loan was sanctioned within 3 to 4 days .The loan process was clearly shared by the agent .I am paying the premium on EMI basis and everything was good to me so far .
My friend is working in Ujjivan Small Finance so that i had applied the personal loan. They have provided the loan in 3 days. I got the loan amount of Rs. 1.5 lakhs with the rate of interest of 16%. I pay the EMI amount of Rs. 3000. Documentation process was easy and they have done the entire process in 2 days.
I had applied personal loan from UJJIVAN SMALL FINANCE BANK LTD. I received the money on time but loan amount was not sufficient, I was expecting more. Their rate of interest was nominal. Customer service is good, they are supportive and response was good.
I had applied personal loan from UJJIVAN SMALL FINANCE BANK LTD. I received the loan on time and they disbursed sufficient loan amount. I am ok with the rate of interest it is nominal. Their customer service is good. Verification was hassle free.
Taken my personal loan from Ujjivan Small Finance. I'm not sure about the interest rate. I got the loan in the year of 2012. The loan amount is Rs. 2 lakhs. I have already closed this loan. The given processing fee was nominal. I have chosen the tenure period of 3 years.
I was applied for a personal loan in UJJIVAN SMALL FINANCE BANK LTD for more than 6 months which was processed through an online. I received a card on time from bank for further verification. The loan amount was not sufficient which was offered for the tenure of 4 years. The rate of interest and fee are nominal for this loan.
I was applied for a personal loan in which was processed through an online. I received a call from bank on time for further verification. The loan amount was sufficient which was offered from bank for the tenure of 3 years. The rate of interest is high for this loan so due to that I have closed the loan.
I have been applied for personal loan with Ujjivan small finance bank ltd through on line portal, but without informing me they closed my applications i have no knowledge for what reason they closed my application, no proper response was given from their end.
I have been applied for personal loan with Ujjivan small finance through on line portal, but i requested to closed this account because my requirement was fulfilled , i applied this loan for paying my credit card bills but i got loan from the same bank so i closed this account.
I have applied for Ujjivan Small Finance Bank limited personal loan through Online .I have not taken this loan since got the amount from some other source.I have got all the required information about the loan process .There was no issues on rate of interest and the processing fee .
I have applied for Ujjivan Small Finance Bank Ltd personal Loan through Online .The agent gave a clear picture about the loan process ,I have not taken this loan at that time since the rate of interest and the processing was very high .I have submitted the required documents as well .
I have applied for my personal loan with Ujjivan small finance , but i closed this application as i got loan from some other bank, so i had no more any requirement so i requested to closed my application, their service is good, their customer care had responded me well.
It is a good bank so i have applied the personal loan. The documentation process was done through offline where the executive collected the documents at doorsteps. I have rejected the loan because of higher interest, the rate of interest was10%. The customer support not contacted.
I applied my personal loan with UJJAVAN SMALL FINANCE the bank rejected my loan because i do not have permanent address proof i was born and brought up in Karnataka and i have my own house in kerala . The rate of interest is nominal and service is very good .
I was applied for a personal loan in UJJIVAN SMALL FINANCE BANK LTD for more than a month. I have not receive any call from bank for further verification. The amount which was offered sufficient for the tenure of 1 year. The rate of interest and processing fee are nominal. Due to personal reason I have closed the loan.
The documentation process was simple and easy for applying the personal loan with UJJIVAN SMALL FINANCE BANK LTD, the loan got rejected due to credit score. The expected loan amount was 2.5L also the rate of interest was 16% approx. The customer support contacted with good response.
I have been holding my personal loan with Ujjivan small finance bank ltd, but due to no proper response from my side the bank had closed my applications, the reason for choosing this bank because of the credit score, my credit score was less so they suggested to go with them.
I had applied for a personal loan from UJJIVAN SMALL FINANCE BANK LTD once. I canceled the application since HDFC bank had approved my loan application. Loan amount was sufficient but rate of interest was quite high. Their customer service good, docs were collected and verification was hassle free.
The documentation process was not done, the loan got rejected due to the salary was lesser. The expected loan amount was 1.25L and the rate of interest was 6% for the loan, it is nominal also the duration for repaying the loan was 48 months. The customer support contacted and they are responsive.
I applied my personal loan with UJJAVAN FINACE . I cancel this loan because the rate of interest was too high here . Overall their customer support where not helpful as well. There has been so much of hassle faced. I am not happy with services and response .
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