Ujjivan Small Finance Bank Home Equity Loan is the loan that you take against your home's value. In this loan, the borrowers use the equity of their home as collateral. Being a secured loan, this is available at very attractive interest rates. It is an additional loan availed by an existing housing loan borrower.
Equity here is the difference between the present value of the home and the total amount due towards the home loan.
Ujjivan Small Finance Bank Home Equity Loan is provided for following purposes:
Documents required for Ujjivan Small Finance Bank Home Equity Loan: For availing Ujjivan Small Finance Bank Home Equity Loan, the applicant is required to submit following documents:
Will be decided by the bank based on borrower's loan repayment capacity, income statements, cash flows and past track record of repayment.
Loan value from Rs. 3,00,000 to Rs. 20,00,000 can be given under this scheme.
Repayment tenure from 36 to 180 months is offered to the home loan borrowers. The borrowers can select any tenure upto 180 months according to their requirements.
Interest rate offered by the bank is very competitive. Interest rate ranging from (Reducing balance) at 17.75% p.a. is offered under this scheme.
Processing fees of 2% of loan amount (exclusive of taxes) is to be paid by the borrower.
Bank Name | Interest(p.a.) |
---|---|
Esaf Small Finance Bank | 8.75% |
Suryoday Small Finance Bank | 8.50% |
Utkarsh Small Finance Bank | 8.50% |
Equitas Small Finance Bank | 8.50% |
North East Small Finance Bank | 8.50% |
Ujjivan Small Finance Bank | 8.30% |
Indusind Bank | 8.00% |
Fincare Small Finance Bank Ltd | 8.00% |
The Nainital Bank | 7.90% |
Bank Name | Interest(p.a.) |
---|---|
Esaf Small Finance Bank | 8.75% |
Suryoday Small Finance Bank | 8.50% |
Utkarsh Small Finance Bank | 8.50% |
Equitas Small Finance Bank | 8.50% |
North East Small Finance Bank | 8.50% |
Ujjivan Small Finance Bank | 8.30% |
Indusind Bank | 8.00% |
Rbl Bank | 8.00% |
Fincare Small Finance Bank Ltd | 8.00% |
The Nainital Bank | 7.90% |