Rural Individual Loans | Ujjivan Small Finance Bank

Are you ready to take the next step towards your dreams? Our rural micro loans can help you make it happen. Contact us today to learn more.

Collateral-free and small-ticket loans designed for street vendors to climb up the economic ladder.

Loan Amount: ₹15,000 - ₹20,000
Tenure – 18 Months
Rate Of Interest: 24% per annum on a reducing balance method governed by the Marginal Cost of Funds based Lending Rate MCLR-based pricing policy of the bank
Mean Interest rate for last Quarter – 24%
Processing fee – Not Applicable
Franking charges/Stamp duty – Not Applicable

Explore individual loans ranging from ₹51,000 - ₹3,00,000 - to meet all your financial needs.

Loan Amount: ₹51,000 - ₹3,00,000 ( ₹51,000 - ₹1,00,000 for the IAL category).
Rate of Interest: 24.25% to 25.50% per annum on a reducing balance method (24% for IBZL and OMHIL) governed by the Marginal Cost of Funds based Lending Rate MCLR-based pricing policy of the bank
Processing Fee: 2% of the loan amount (excluding applicable GST)
Franking charge/stamp duty is as per the state act

Late payment charge: ₹ 100 per late EMI (including applicable GST).
Pre-closure charge: 2% of the principal outstanding including applicable GST (There are no pre-closure charges if a customer pre-closes his/her loan after paying 70% of his/her instalments.) (Not applicable to HIL and OMHIL categories)
Tenure: 6 Months – 36 Months
Effective from 1 March, 2023

Maximize your savings! Earn up to 9.00%* p.a. on our Fixed Deposits!

Individual Loans