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Ujjivan Small Finance Bank Ltd Car Loan

Loanmani- Ujjivan Small Finance Bank Ltd

Ujjivan Small Finance Bank Ltd is a leading financial institution in India that offers a range of financial products and services to individuals and businesses. One of the products that Ujjivan Small Finance Bank offers is car loans. Ujjivan Small Finance Bank car loans are designed to help individuals purchase their dream car with ease. The company offers competitive interest rates, flexible repayment tenures, and an easy online application process for its car loans. Additionally, Ujjivan Small Finance Bank offers personalized loan options and dedicated customer service to ensure a smooth and hassle-free borrowing experience. Ujjivan Small Finance Bank car loans can be used to finance both new and used cars. With its attractive deals and offers, Ujjivan Small Finance Bank car loans are a popular choice among borrowers looking for affordable and convenient car financing options.

10.00 %

Advertised Rate

1 - 8 Years

Available Terms

750

Credit Score

1 L - 25 L

Loan Amount

Why Choose Ujjivan Small Finance Bank Ltd

  1. The bank offers competitive interest rates and flexible repayment options.
  2. Ujjivan Small Finance Bank provides quick loan disbursement and doorstep services for document collection and loan repayment.
  3. The bank offers car loans for the purchase of both new and used cars, providing greater flexibility for borrowers.


Ujjivan Small Finance Bank Ltd Eligibility Criteria

  1. Individuals aged between 21-65 years
  2. Salaried employees or self-employed individuals with a minimum annual income of Rs. 2.5 lakhs
  3. The applicant should have a minimum CIBIL score of 700
  4. The car loan applicant should be a resident of India


Ujjivan Small Finance Bank Ltd Fees & Charges

  1. Processing fee: Up to 2% of the loan amount
  2. Prepayment charges: Nil for floating interest rate loans, up to 5% of the outstanding loan amount for fixed interest rate loans
  3. Late payment charges: 2% per month on the overdue amount
  4. Foreclosure charges: Up to 5% of the outstanding loan amount


Ujjivan Small Finance Bank Ltd Features & Benefits

  1. Ujjivan Small Finance Bank offers car loans for the purchase of both new and used cars.
  2. The bank provides up to 100% financing for the on-road price of the car.
  3. The car loan comes with flexible repayment options ranging from 12 to 84 months.
  4. The bank offers a quick and hassle-free loan application process with minimal documentation requirements.
  5. Ujjivan Small Finance Bank provides doorstep services for loan disbursement and document collection.


Ujjivan Small Finance Bank Ltd Required Documents

  1. Identity proof (Aadhaar card, PAN card, Passport, Voter ID, Driving License)
  2. Address proof (Aadhaar card, Passport, Voter ID, Driving License, utility bills)
  3. Income proof (salary slips, income tax returns, bank statements)
  4. Photographs
  5. Car quotation from authorized dealer


FAQs on Ujjivan Small Finance Bank Ltd Car Loan

1.What is the maximum loan amount I can get for a car loan from Ujjivan Small Finance Bank?

The maximum loan amount that you can get for a car loan from Ujjivan Small Finance Bank is up to 100% of the ex-showroom price of the car.

2.What is the tenure for a car loan from Ujjivan Small Finance Bank?

The tenure for a car loan from Ujjivan Small Finance Bank can range from 12 months to 84 months (7 years).

3.What is the interest rate for a car loan from Ujjivan Small Finance Bank?

The interest rate for a car loan from Ujjivan Small Finance Bank can vary depending on various factors such as the type of car, loan amount, and your credit score. The interest rate typically ranges from 9.90% to 13.50%.

4.Can I prepay my car loan from Ujjivan Small Finance Bank?

Yes, you can prepay your car loan from Ujjivan Small Finance Bank. However, prepayment charges may apply depending on the terms and conditions of the loan.

5.Can I apply for a car loan from Ujjivan Small Finance Bank online?

Yes, you can apply for a car loan from Ujjivan Small Finance Bank online through the company's website. You will need to fill out an application form and submit the necessary documents such as identity proof, address proof, income proof, and details of the car you intend to purchase.

6.What are the documents required to apply for a car loan from Ujjivan Small Finance Bank?

The documents required to apply for a car loan from Ujjivan Small Finance Bank include identity proof, address proof, income proof, bank statements, and details of the car you intend to purchase.

7.Can I transfer my existing car loan from another bank to Ujjivan Small Finance Bank?

Yes, you can transfer your existing car loan from another bank to Ujjivan Small Finance Bank. This process is known as a balance transfer. By transferring your car loan to Ujjivan Small Finance Bank, you can enjoy lower interest rates and better terms and conditions.

8.Is it necessary to have a co-applicant for a car loan from Ujjivan Small Finance Bank?

It is not necessary to have a co-applicant for a car loan from Ujjivan Small Finance Bank. However, having a co-applicant with a good credit score can increase your chances of getting approved for a car loan and also help you get a better interest rate.

9.What is the processing fee for a car loan from Ujjivan Small Finance Bank?

The processing fee for a car loan from Ujjivan Small Finance Bank is typically up to 3% of the loan amount.

10.What are the benefits of getting a car loan from Ujjivan Small Finance Bank?

The benefits of getting a car loan from Ujjivan Small Finance Bank include competitive interest rates, flexible repayment tenures, easy online application process, prepayment options, and balance transfer facilities. Additionally, the company offers personalized loan options and dedicated customer service to ensure a smooth and hassle-free borrowing experience. Ujjivan Small Finance Bank also offers attractive deals and offers on car loans from time to time.

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