Why Choose Unity Small Finance Bank for Home Loans?
Unity Small Finance Bank is special because it cares about including everyone in finance and putting customers first. Here's why people like getting home loans from them:
- Customer Service - Unlike big banks, Unity Small Finance Bank really focuses on each person, helping them carefully through the loan process.
- Good Rates - Unity Small Finance Bank has good home loan rates that are easy to afford, even if you are buying your first house or don't have a lot of money.
- Loans for Everyone - Whether you are buying, fixing up, or making your house bigger, Unity Small Finance Bank has different loans that can fit what you need.
- Quick Process - They are quick with checking documents online and approving loans, so you get your money faster than with old-fashioned banks.
- Easy to Reach - Unity Small Finance Bank is adding branches and using the internet to reach people who don't usually get bank services, even in smaller cities.
- Trust and Stability - Because RBI keeps an eye on it, Unity Small Finance Bank is a safe bank and quick to adapt like a new one.
Unity Small Finance Bank: Home Loan Options
USFB has a bunch of home loans to suit different people:
Home Purchase Loan: Buy a new or used property, whether in the
city or countryside.
Home Purchase Loan: Get money to buy a house, whether brand new or pre-owned.
Home Construction Loan: Build on land you own with a loan designed for home construction.
Home Improvement Loan: Fix up or add space to your current home with a home improvement loan.
Plot Purchase Loan: Buy land to build a house later with assistance from Unity Small Finance Bank.
Balance Transfer: Move your current home loan to Unity Small Finance Bank for better rates or terms.
Easy Management: Each loan is designed to be easy to manage, with affordable payments and simple paperwork.
Unity Small Finance Bank Home Loan Interest Rates
Understanding interest rates and processing charges is critical when choosing your loan. Here is an overview of Unity Small Finance Bank ’s home loan rates and fees:
| Loan Type |
Interest Rate (p.a.) |
Processing Fee |
| Home Purchase & Construction |
8.75% – 9.50% |
Up to 0.50% of loan amount + GST |
| Renovation & Extension |
9.00% – 9.75% |
Flat fee or percentage of loan |
| Plot Purchase |
9.25% – 9.75% |
Up to 0.50% of loan amount + GST |
| Balance Transfer |
8.50% – 9.25% |
Minimal processing fee |
Note: Interest rates may vary based on the applicant’s credit profile, location, and loan amount. Processing fees include statutory charges and GST.
Unity Small Finance Bank Home Loan Eligibility Criteria
Age: You should be between 21 and 65 years old. Your loan shouldn't last past when you turn 70.
Income: You must have a stable monthly income (employed or self-employed) to repay the loan each month.
Job: You must have been working continuously for at least 1–2 years or have proof of your business.
Credit History: A good credit score is essential; we prefer a decent CIBIL rating.
Property: You must have all legal papers for the property you're mortgaging, along with all necessary clearances.
Required Documents for Unity Small Finance Bank Home Loan Partner
To make things easy when you apply for a home loan, here’s what you will need to collect:
Proof ID: You need documents like an Aadhaar card, PAN card, passport, or voter ID.
Address Proof: Utility bills, rent agreement, or bank statements can serve as address proof.
Income Info: Keep your last 3 months’ salary slips, IT returns from the past 2 years, and bank statements ready.
Property Info: You will need the sale deed, an approved plan, and property tax receipts.
Job Proof: An employment certificate or business registration papers will suffice.
Photos: Provide passport-size photos of yourself and anyone applying with you.
How to Apply for Unity Small Finance Bank Home Loan via TyTil
TyTil is a cool online spot that works with Unity Small Finance Bank to make getting a home loan way easier and quicker. Here's how it goes:
- Go to the TyTil website or app and pick Unity Small Finance Bank as your lender.
- Fill in your info in the online form – details like your name, income, and property information.
- Upload pictures of the required documents using TyTil – it’s safe and secure.
- The TyTil loan team will review your documents and coordinate with Unity Small Finance Bank to process your loan.
- Track your loan status online and chat with TyTil if you have any questions.
- TyTil eliminates paperwork hassles and provides expert guidance throughout the process.