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VEHICLE
LOANS
Ujjivan Bank Two Wheeler Loan
Ujjivan Small Finance Bank is providing loan to aspirants who wants to own their two wheeler. Our endeavour is to provide hassle free processing along with simplified documentations and faster decisioning of Loan.
Features & Benefits
- Customized financing options to cater all types of 2 wheeler needs.
- Up to 95% funding on on-road price.
- Flexible tenure options, ranging from 12 to 36 months.
- Hassle free documentation.
- Competitive Interest Rates.
- Easy repayments.
Eligibility
- Individual between 18 to 59 years of age.
- Salaried/Self Employed with minimum work experience of one year.
Minimum Documents Required
- KYC Documents.
- One security cheque.
- One passport size photograph.
Schedule of Charges
| Loan Amount | `26,000 – `85,000. |
| Loan Tenure | 12 - 36 months. |
| Rate of Interest | 22% - 27% p.a. (reducing balance). |
| Processing Fee | 2% of loan amount (excluding applicable GST). |
| Documentation Charges | `950 (excluding applicable GST). |
| Stamp duty | As per the state by-laws. |
| CERSAI Charges | At actuals. |
| Late Payment Charges | 2% flat on the overdue amount (excluding applicable GST). |
| Bounce Charges | `450 per bounce. |
| Pre-closure Charges | Pre-closure of loan will attract a pre-payment penalty of 2 % p.a. of principal outstanding (excluding applicable GST). |
Ujjivan Bank Electric Three Wheeler Loan
Ujjivan Small Finance Bank provides holistic solutions to cater the financial requirements of Electric Three Wheeler buyers. We have financing options available for both Lead Acid Battery and Lithium Ion Battery variant. The focus of these solutions is to provide timely credit with quick, hassle-free processing and simplified documentation.
Features & Benefits
- We provide customized financing options for both the battery types- Lead Acid Battery & Lithium Ion Battery.
- Up to 80% funding on on-road price.
- Flexible repayment options, ranging from 12 to 36 months.
- Hassle free documentation.
- Competitive Interest Rates.
Eligibility
- Individual between 18 to 59 years of age.
Minimum Documents Required
- KYC Documents.
- One security cheque.
- One passport size photograph.
- Own House Proof Document(Based on assessment or scheme).
Schedule of Charges
| Loan Amount | `50,000 – `2,50,000. |
| Loan Tenure | 12 - 36 months(The maximum tenure is dependent on the variant of the battery). |
| Rate of Interest | 22% - 25% p.a. (reducing balance). |
| Processing Fee | 2% of loan amount (excluding applicable GST). |
| Documentation Charges | `950 (excluding applicable GST). |
| Stamp duty | As per the state by-laws. |
| CERSAI Charges | At actuals. |
| Late Payment Charges | 2% flat on the overdue amount (excluding applicable GST). |
| Bounce Charges | `450 per bounce. |
| Pre-closure Charges | Pre-closure of loan will attract a pre-payment penalty of 2% p.a. of principal outstanding (excluding applicable GST). |
*Only present in select branches.