Utkarsh Small Finance Bank Personal Loan

Utkarsh Small Finance Bank Personal Loan Features

About Utkarsh Small Finance Bank Personal Loan

Utkarsh Small Finance Bank is a Small Finance Bank that is located in Varanasi, India. It was established back in 2009 with the mission to empower the low-income group financially, it has reached new heights today. The objective of our bank is ‘Ummeed’€‹ – giving hope to customers so that they can fulfill their dreams as well as needs. Avail the Best Utkarsh Small Finance Bank Personal Loan on Lowest Interest Rates. 

What is Utkarsh Small Finance Bank Personal Loan?

Are you or any of your dear one is going through some medical issues but don’t have health insurance? If so, then take advantage of Utkarsh Small Finance Bank personal loan. A personal loan gives you the full benefit to avail this loan for all your individual needs. Such kind of problems arises from time to time and for that reason solution like the personal loan is the best option to go for.

Documents Required for Personal Loan

Simple and easy documentation for Utkarsh Small Finance Bank Personal Loans (though documentation varies from individual to individual). The document requirement is based on your profession, income and loan requirement.

1. 1. 1. Identity proof: As a verification document, one should especially require one among the following: (Passport/Id card/voter card/driving license/Aadhar Card) any one of them.
      2. Residence proof: The documents required as proof of residence are: (Passport/Id card/voter card/driving license/Ration Card/Aadhar Card).  And the applicant living in a rented apartment, then he has to submit his rental agreement, electricity bill on his name and the address of the owner.
      3. KYC formality: The applicant has to provide his PAN card which is an important document
      4. Salaried applicant: One has to submit his bank statements of the last six months and the salary slip of the last three months.
      5. Self-employed Applicant: The person applying for a personal loan should file ITR for the last three years, and the business should be registered.
      6. And if the applicant is self-employed, then they have to submit the ITR of the last three years and his business should be registered.
      7. Two colored passport size photos. (Applicant should not be wearing glasses)

Eligibility for Personal Loan

Not everyone can apply for personal loan, an applicant have to follow some eligibility criteria based on which bank approves the applicant’s request. There are two categories of applicants:

1. 1. 1. Salaried
      2. Self-employed        

There are various eligibility criteria for both applicants.

Salaried Applicant:

1. 1. 1. The minimum required age of an applicant must be between 21 years to 60 years.
      2. A metropolitan city borrower should have a minimum income of Rs 18,000. And for non-metropolitan city, the minimum salary should be Rs 12,000.
      3. The work experience of the borrower should be of three years, and the salary should be received in their account only.
      4. A person applying for a personal loan should have a good credit history.

Self-employed Applicant:

1. 1. 1. The required age of a self-employed person should be of 25 years.
      2. The person should file ITR for the last three years, applying for a personal loan.
      3. An applicant must have a good credit score must, and there should not be any debt left due.
      4. The minimum amount should be of Rs 2.5 lakhs per annum at least.
      5. The business should be running for at least from last three years, if the applicant own a business.

* Interest rate can vary as per individual’s portfolio.
* All loans repayment period are over 6 months. No short term loans.
* We don’t charge the individual for the process.
* Credit at sole discretion of the Banks we have a tie-up with.