Why Choose Utkal Grameen Bank for Home Loans?
Picking the right bank for your home loan can really change things for your
finances. Here's what makes Utkal Grameen Bank different:
- Focus on Rural Areas - Utkal Grameen Bank helps people in villages and
small towns with easy-to-access branches and simple rules.
- Good Interest Rates - Offers competitive interest rates that help save
money over the loan term.
- Lots of Branches - Multiple branches across Odisha and nearby areas make
banking convenient.
- Different Types of Loans - Provides loans for building a new house or
renovating an existing one.
- Backed by the Government - Supported by both Indian and Odisha governments,
ensuring reliability.
- Easy Paperwork - Quick and simple loan process, ideal for first-time
borrowers or those new to banking.
Utkal Grameen Bank Home Loans
Products
Looking to buy a home? Utakl Grameen Bank has a few loan options:
Buy a New or Old House: Get a loan to buy a ready-made or resale
house.
Build a New House: Get money to build on land you own or buy.
Home Improvement Loans: Loans to add to or redo your current
place.
Home Repair Loans: For minor fixes to keep your home in good
shape.
Land Loans: Loans to buy land to build a house on.
Loans for Ready-Made Houses: Designed for people wanting to buy a
house that's already built.
Utkal Grameen Bank Home Loan Interest Rates
UGB keeps its interest rates competitive to promote affordable financing. The rates are flexible
based on categories and loan amounts.
| Loan Type |
Interest Rate (p.a.) |
Processing Fee |
| Housing Loan Up to ₹30 Lakh |
8.50% to 9.25% |
0.50% of Loan Amount + GST |
| Housing Loan Above ₹30 Lakh |
8.75% to 9.50% |
0.50% of Loan Amount + GST |
| Home Repair / Extension Loans |
9.00% to 9.50% |
Flat Fees Applicable |
Interest rates are subject to periodic revision by the bank and may vary based on applicant
profile and repayment tenure.
Utkal Grameen Bank Home Loan Eligibility Criteria
Age: 21–65 years at loan closure; minimum age 21 to apply.
Income: Must have a steady income, whether salaried or
self-employed.
Job: At least 1–2 years in current employment or business.
Credit: Good credit history is preferred.
Property: Clear property papers or mortgage required.
Residency: Preference for rural and semi-urban areas of Odisha.
Required Documents for Utkal Grameen Bank Home Loan Partner
To make things easier, have these documents ready:
Proof ID: Aadhaar card, PAN card, Passport, or Voter ID.
Address Proof: Recent utility bills, rental agreement, or Aadhaar
card showing current address.
Income Proof: Last 3 months’ salary slips, Income Tax Returns for
past 2 years, and bank statements.
Property Info: Registered sale deed, approved building plan, and
property tax receipt.
Job Proof: Employer certificate or business registration papers.
Photos: Recent passport-size photos of all applicants.
How to Get a Utkal Grameen Bank Home Loan with TyTil
TyTil helps you apply for home loans with Utkal Grameen Bank quickly and easily. Here's why
using TyTil is a good idea:
- Easy Online Application - Apply whenever, wherever. No need to visit a
bank.
- Help from Experts - TyTil loan people guide you to pick the best loan, so
things are less confusing.
- Quicker Process - Submitting documents and getting them checked is faster.
- Easy to Track - See where your application is at all times on TyTil site.
- No Extra Costs - TyTil is upfront about fees, so there are no surprises.
Why Getting Your Utkal Grameen Bank Home Loan Through TyTil Rocks
- Easy Process - Do the whole loan thing online. No annoying paperwork or
trips to the bank.
- Experts Help - Get advice made for your money situation, if you qualify,
and what you need for a house.
- Sweet Deals - Because UGB and TyTil are buddies, you might get better
interest rates and lower fees.
- We've Got Your Back - Got questions? Need help after you apply? We're here.
- Fast Work - Get things done faster without the usual waiting around.