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Utkarsh Small Finance Bank Personal Loan

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Seamless Digital Process

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End-to-End Expert Assistance

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Minimum Paperwork Required

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Hassle-Free Processing

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

About Utkarsh Small Finance Bank Personal Loan

    installments.

  • 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 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) 4% of prepayment amount plus applicable taxes
Pre closure charges (for fixed interest rate loans)
  • For pre closure during 7 months and 2 years: 4% of outstanding principal plus applicable taxes
  • For pre closure during 25 months and 3 years: 3% of outstanding principal plus applicable taxes
  • For pre closure after 3 years: 2% of outstanding principal plus applicable taxes

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

personal loan eligibility criteria for loan applicants availing Utkarsh Small Finance Bank Personal loans are as follows:

  • Minimum Monthly Income: Rs 20,000
  • Age: 23 to 58 years
  • Utkarsh Small Finance Bank offers personal loans to salaried applicants working in the government, private or public sector organisations.
  • Minimum work experience with the current employer should be 6 months, overall work experience should be minimum 2 years.

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:

  • KYC documents (for proof of address and identity proof)
  • Salary slips
  • Application form
  • Bank statements

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Utkarsh Bank Lenders

HDFC BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankTata CapitalTata Capital
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I always used to think that the paperless loan is a myth. But on Paisabazaar, I applied for the pre approved loan from IDFC Bank and all documentation was already done. I just filled the form, did kyc and my loan was approved and disbuursed one the same day.

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Loved the real-time loan status updates.Everything was handled online — didn’t have to visit any branch.

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I liked how Paisabazaar showed pre-approved offers without affecting my credit score. Customer support was prompt and helped me close the loan quickly.

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The loan was approved the same day — super smooth and transparent process.

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