Ujjivan bank loan-instant Bank Personal Loan 2021

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Ujjivan bank loan

Ujjivan bank loan-Personal loans are available from Ujjivan bank loan to help you meet your financial obligations. You can get a loan for a sum ranging from Rs.50,000 to Rs.1.5 lakh at a low-interest rate. The repayment period varies from one to five years. The interest rate charged by the lender is determined by several factors, including the loan amount, payback term, and credit score.

Loan amount – When a borrower applies for a personal loan from this bank, he or she will be able to acquire an amount ranging from Rs.50,000 to Rs.15 lakh, depending on his or her eligibility.
Loan payback period – The repayment period for Ujjivan Personal Loans might range from 12 to 60 months, depending on the applicant’s financial capacity.

Benefits of Ujjivan bank loan

Attractive interest rates – The bank determines the suitable rate of interest for an individual based on numerous criteria such as income, age, type of employment, loan amount, and so on. Customers who take out a personal loan from the bank can take advantage of low-interest rates to assist them to meet their financial obligations.

Flexible repayment choices – This loan can be repaid in a variety of ways, including through easy equated monthly installments (EMIs). The consumer who applies for this loan will have the option of choosing the repayment option that is most convenient for him or her.

No collateral is required – If you apply for this personal loan, you will not be required to offer any type of collateral.


Quick approvals – If you apply for a personal loan with Ujjivan Small Finance Bank, your loan application will be granted in as little as three working days from the time it is submitted.

Insurance coverage – Customers who apply for a personal loan can additionally get a loan protection insurance plan from the bank.

Eligibility Criteria for Ujjivan bank loan

The applicant should be employed and have a steady source of income.
The borrower must be at least 22 years old and no older than 58 years old to qualify for the loan.
The individual’s net monthly compensation should be equal to or greater than the state’s minimum wage level.

Documents Required to Apply for Ujjivan bank loan

An aadhaar card is a unique identification number issued by the government of India.
Proof of address, such as a driver’s license, an Aadhaar card, a passport, or a voter’s ID, is required.
Pay stubs from the past three months
Bank statements for the preceding six months from a salary bank account or a major active bank account

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