Ujjivan Small Finance Bank launches personal loan facility for salaried individuals

To pay EMI, a flexible time frame of 12 to 60 months will be provided by the bank.
Sudha

Updated: Nov 23,2018 12:18:16 pm

Ujjivan Small Finance Bank launches personal loan facility for salaried individuals

23 November 2018 Current Affairs:The Ujjivan small finance bank a wholly owned subsidiary of Ujjivan Financial Services Limited introduced a new personal loan scheme for salaried individuals.
The 14 tier I and tier II locations where the product will be launched are Ahmedabad, Bengaluru, Delhi, Kolkata, Pune, Surat, Mumbai, Mysore, Ankaleshwar, Coimbatore, Kochi, Chennai and Vadodara.
Personal loans starting from Rs 50,000up to Rs 15 lakhs will be offered to salaried professionals who are earning a monthly salary above Rs 15, 000.
Key features of the product include, loan without any collateral or deposit of any asset and its attractive interest rate with complete digital processing. However the credit history of the individual will be considered while passing the loan.
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