Group Loan
Group Loan is a unique financial solution designed to provide accessible credit to individuals who are unserved or underserved majorly for income generating activities. Whether you are a small business owner, farmer, or salaried, this loan can help you achieve financial independence and invest in your future. Ujjivan SFB Group loans offer funds up to ₹ 1 Lakh. Enjoy affordable interest rates, flexible repayment tenure of up to 3 years, hassle-free loan journey and more.
Key Features of Ujjivan SFB Group Loans
Loan amount ranges from INR 5,000 to 1,00,000
Risk Based Pricing / interest rate ranges from 21.75% to 23.00%
Loan tenure ranging from 6 months to 36 months
Different types of loan options to suit different needs
Collateral-free loan
Key Features of Ujjivan SFB Group Loans
Loan amount ranges from INR 5,000 to 1,00,000
Risk Based Pricing / interest rate ranges from 21.75% to 23.00%
Loan tenure ranging from 6 months to 36 months
Different types of loan options to suit different needs
Collateral-free loan
Top Benefits of Ujjivan SFB Group Loans
Types of Ujjivan SFB Group Loans
Choose from the following types of loans based on your needs
Other Types of Loans
Here are the other loan Products available under the Ujjivan SFB Group Loans
Ujjivan SFB Group Loans Interest Rates
Below are the Interest Rates for the Ujjivan SFB Group Loans
| Minimum interest rate | Maximum interest rate | Effective date |
|---|---|---|
| 21.75% | 23.00% | 01-01-2025 |
Ujjivan SFB Group Loans Fees and Charges
Check out different fees and charges associated with Ujjivan Small Finance Bank Group Loans
| Type of charge | Quantum | Effective Date |
|---|---|---|
| Processing fees | Nil for loans up to INR 25,000.1.2% (+GST) or INR 1,100 (+GST) whichever is lower for loans above INR 25,000 | 31-05-2024 |
How to Apply for a Ujjivan SFB Group Loan
For assistance, you can call the 24*7customer care help line number of Ujjivan SFB
FAQs
1. What is a Group Loan?
The loan is designed to cater the financing needs of the economically active poor, who have limited or no access to the formal financial system. It offer customers loans for both income generation and consumption requirements.
2. What is the minimum tenure of the Ujjivan SFB Group Loans?
The minimum repayment tenure of the Ujjivan Small Finance Bank Group Loans is 12 months.
3. What is the maximum Group Loans that I can avail of?
The maximum amount is capped at ₹1 lakh.
4. What is a top-up loan available under the Ujjivan SFB Group Loans?
A top-up loan is an additional loan that you can avail of if you have availed of the Ujjivan SFB Group Loans. In other words, a top-up loan is an additional loan available to existing borrowers.
5. I need more information about the Group Loans. Whom should I contact?
You can contact Ujjivan Small Finance Bank's customer care for any query about the Group Loans. Call the toll-free number 1800 208 2121, visit the nearest branch, or use the 24*7 phone banking facility.
6. How much top-up loan is available under the Ujjivan SFB Group Loans?
You can get top-up loans ranges from 5,000 to 50,000 is available under the scheme.
7. What is the meaning of interest being calculated on the reducing balance method?
After each EMI payment, as the outstanding loan amount reduces, so does the interest because the interest is calculated on the reduced balance of the outstanding loan amount.
8. What is the maximum interest rate under Ujjivan Small Finance Bank Group Loans?
The maximum interest rate is 23.00% p.a. for the different types of group loans available. Fuel your dreams with accessible funding through our micro loans.
