- Minimum paperwork is required to avail a personal loan from Utkarsh Small Finance Bank which reduces the overall processing time.
- These personal loans can be repaid over a flexible tenure ranging up to 84 months.
- No collateral or security is required to avail a loan from Utkarsh Bank.
- Utkarsh Small Finance Bank personal loans come with zero hidden fees or charges.
Utkarsh Small Finance Bank Personal Loan

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About Utkarsh Small Finance Bank Personal Loan
Utkarsh Small Finance Bank Personal Loan Highlights
| Interest Rate | 14% p.a. to 23% p.a. |
| Loan Amount | Rs. 1.5 lakh to Rs. 20 lakh |
| Loan Tenure | 1 year to 7 years |
| Processing Fees | Up to 2% of the loan amount plus applicable taxes |
| Minimum monthly income | Rs. 20,000 |
Utkarsh Small Finance Bank Personal Loan Interest Rates
Utkarsh Small Finance Bank personal loan interest rates can range between 14% p.a. to 23% p.a.. However, the interest rate offered to an applicant may vary based on the applicants’ monthly income, credit scores, occupation profile, etc.
Fees and Charges for Utkarsh Small Finance Bank Personal Loan
The fees and other charges for availing personal loans from Utkarsh Small Finance Bank are as follows:
Processing Fees
| Particulars | Rates |
|---|---|
| Processing Fees | Up to 2% of loan amount plus applicable taxes |
Prepayment Fees
| Particulars | Rates |
|---|---|
| Part prepayment charges (for fixed interest rate loans) | 3% of prepayment amount plus applicable taxes |
| Pre closure charges (for fixed interest rate loans) |
|
Other charges
| Particulars | Rates |
|---|---|
| Penal Interest on Overdue EMI | 2% per month on overdue EMI for the total overdue period |
| Legal/Valuation Charges | As per actuals |
| Duplicate interest and charge for principal certificate issuance | Rs. 250 plus applicable taxes |
| Duplicate no dues certificate or NOC issuance charges | Rs. 250 plus applicable taxes |
| Duplicate statement issuance charges | Rs. 250 per instance per set plus applicable taxes |
| Swap charges (cheque or other instrument) | Rs. 500 per occasion of swapping for NACH, ECS mandate or standing instruction mandate plus applicable taxes |
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Eligibility Criteria for availing Utkarsh Small Finance Bank Personal Loan
The eligibility criteria for availing Utkarsh Small Finance Bank Personal loan are as mentioned below:
Documents Required for availing Personal Loans from Utkarsh Small Finance Bank
Prospective borrowers availing Utkarsh Small Finance Bank Personal Loans should submit the following documents:
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FAQs
Is the Utkarsha Small Finance Bank Personal Loan collateral free?
Yes, the personal loan offered by Utkarsh Small Finance Bank is collateral free.
What is the minimum and maximum loan amount offered by Utkarsh Small Finance Bank?
Utkarsh Small Finance Bank offers personal loans ranging from Rs. 1.5 lakh to Rs. 20 lakh.
What is the minimum salary requirement to apply for a personal loan?
Applicants with a minimum salary of Rs. 20,000 are eligible for personal loans offered by Utkarsh Small Finance Bank.
What is the minimum CIBIL score required to get approval?
Lenders usually prefer a credit score of 750 and above to extend personal loans to applicants.
What is the repayment tenure available for personal loans from Utkarsh Small Finance Bank?
The repayment tenure for Utkarsh Small Finance Personal Loan ranges from 12 months to 84 months
Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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Get up to ₹50 Lakhs starting at 9.98%*
Get up to ₹50 Lakhs starting at 9.98%*







