Sometimes in life we need extra money to handle personal expenses like medical bills, weddings, education, or even travel. In such cases, a personal loan can be very helpful. Utkarsh Small Finance Bank (USFB) offers simple and affordable personal loans that are designed for people from different walks of life.
What is a Personal Loan?
A personal loan is money borrowed from a bank without giving any security or collateral. You can use it for any personal purpose – there are no restrictions. You just need to repay the loan in easy monthly installments (EMIs) within the chosen tenure.
Features of Utkarsh Bank Personal Loan
Utkarsh SFB provides personal loans with customer-friendly features:
- Loan Amount: You can borrow from ₹50,000 to ₹10 lakh (depending on eligibility).
- Tenure: Flexible repayment period from 12 months to 60 months.
- No Security Needed: It is an unsecured loan, so you don’t have to mortgage property or gold.
- Quick Processing: The bank offers fast approval and quick disbursal.
- Affordable Interest Rates: Rates usually start around 11.49% per annum (may vary with profile and market conditions).
- EMI Option: Easy EMI facility so repayment is stress-free.
Eligibility Criteria
To apply for a personal loan from Utkarsh Small Finance Bank, you need to meet certain conditions:
- Age: Minimum 21 years, maximum 58 years (at loan maturity).
- Employment: Both salaried individuals and self-employed professionals can apply.
- Income: A stable monthly income is required (amount depends on loan size).
- Credit Score: A good CIBIL score improves chances of loan approval.
Documents Required
Keep these documents ready when applying:
- Identity Proof (Aadhar, PAN, Passport, Voter ID)
- Address Proof (Utility bill, Aadhar, Passport, Rent agreement)
- Income Proof (Salary slips, bank statements, ITR for self-employed)
- Passport size photographs
Benefits of Choosing Utkarsh SFB
- Simple documentation
- Doorstep service in many locations
- Transparent terms with no hidden charges
- Customer support for EMI queries and loan management
How to Apply?
You can apply for a Utkarsh Bank Personal Loan in two ways:
- Online Application: Visit the official website and fill in the loan form.
- Branch Visit: Walk into your nearest Utkarsh Small Finance Bank branch with documents.
Conclusion
If you are looking for a quick and easy loan to meet your personal needs, Utkarsh Small Finance Bank Personal Loan can be a smart option. With affordable rates, flexible tenure, and fast disbursal, it helps you manage your expenses without stress.
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