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Products and Services

Ujjivan prides itself on being a customer-centric organization that follows a strategy of developing products that directly address customers' needs. Our portfolio of loan products encompasses solutions which understand the exact need of our target segments. The product development process extensively relies on rigorous market research and product pilots to gather customer insights from the field as inputs into product development. Once the product is launched, regular customer feedback is solicited and products are reengineered as required, to complete the loop. The range of products, from Rs 2,000 to Rs 10,00,000 that Ujjivan offers helps our customers finance their various activities.

A. Group Loan
Ujjivan originally operated as a semi-urban and urban poor focused organization, for providing joint liability group based financial services. This population segment was highly underserved by formal financial institutions and presented a significant opportunity for Ujjivan to accomplish its financial inclusion objectives. In the recent years, Ujjivan has evolved to expand coverage to the rural poor, which now accounts for a significant portion of outstanding portfolio. Ujjivan operates in this segment primarily through the joint liability group (JLG) model.

Core Group Loan Products

Business Loan
Provides self-employed women (Fruit vendors/ vegetable vendors/ Petty shop owners, tailors etc.) for financing diverse business needs such as capital equipment expenditure, working capital, repayment of high cost debt.
Features:
  • Loan range: Rs.6,000–Rs 50,000
  • Interest rate (Reducing balance): 21.25% p.a.
  • Repayment tenure:
    • Loan amount between Rs. 6,000 - Rs. 15,000: 1 year
    • Loan amount between Rs 16,000-30,000: 1 Year/ 2Years (50:50 or 80:20)
    • Loan amount between Rs. 31,000- 50,000 : 2 Years (50:50 or 80:20)
  • Processing fees: 1% of loan amount (exclusive of taxes)

Family Loan
Family loan helps women with low income to finance a range of family needs such as school expenses of children, medical care, house repairs, social and religious obligations, buying consumer durables and the repayment of high-cost debt previously taken for family needs.
Features:
  • Loan range: Rs.6,000– Rs 35,000
  • Interest rate (Reducing balance): 21.25% p.a.
  • Repayment tenure:
    • Loan amount between Rs. 6000 - Rs. 15000: 1 year
    • Loan amount between Rs 16000-30000: 1 Year/ 2Years (50:50 or 80:20)
    • Loan amount between Rs. 31000- 35,000 : 2 Years (50:50 or 80:20)
  • Processing fees: 1% of loan amount (exclusive of taxes)

Agriculture and Allied loan
Agriculture is the backbone of Indian Economy. Keeping in view the specific requirements of customers we offer them Agriculture and allied loan. The Loan helps our women borrowers meet the cost of cultivation and working capital activities for farming and allied activities.
Features:
  • Loan range: Rs.6,000–Rs 50,000
  • Interest rate (Reducing balance): 21.25% p.a.
  • Repayment tenure:
    • Loan amount between Rs. 6000 - Rs. 15000: 1 year
    • Loan amount between Rs 16000-30000: 1 Year/ 2Years (50:50 or 80:20)
    • Loan amount between Rs. 31000- 50,000 : 2 Years (50:50 or 80:20)
  • Processing fees: 1% of loan amount (exclusive of taxes)

Value- Added Group Loan products

Business Top-up Loan
This loan offers additional finance during the year to address the business requirements. This loan allows customers access to additional money over and above their initial business loan and is given based on a satisfactory credit history.
Features:
  • Loan range: Rs.3,000–Rs 6,000
  • Interest rate (Reducing balance): 21.25% p.a.
  • Repayment tenure: 9 Months
  • Processing fees: 1% of loan amount (exclusive of taxes)

Emergency Loan
The loan is designed to meet the unforeseen medical emergency requirements of customers. The loan is disbursed within 24 hours of request.
Features:
  • Loan range: Rs.2,000–Rs 5,000
  • Interest rate (Reducing balance): 21.25% p.a.
  • Repayment tenure: 6 Months
  • Processing fees: 0%

Education Loan
To help promote education among our customers, this loan has been designed to help finance the education expenses (admissions fees, text books, uniforms) of children studying from Nursery to Degree/Diploma/Vocational training.
Features:
  • Loan range: Rs.5,000–Rs 15,000
  • Interest rate (Reducing balance): 21.25% p.a.
  • Repayment tenure: 12 Months
  • Processing fees: 1% of loan amount (exclusive of taxes)

B. Individual Loan
Ujjivan has been exploring avenues to move beyond the group lending model and improve its reach by targeting other underserved customer segments. Though this is a recent step, Ujjivan has already begun targeting the 'missing middle' and this portfolio currently encompasses 10% of outstanding loans. Though this is a recent step, Ujjivan has already begun targeting the 'missing middle', and this portfolio currently holds a part of our outstanding loans. These loans are given to customers on an individual basis without any group guarantee. In select branches individual livestock loans and business loans are offered to (open market) customers who don't have repayment track record with Ujjivan.

Individual Business Loan
The Individual Business Loan (IBL) caters to the needs of individual micro-entrepreneurs; our existing Borrowers, who have a running business and require funds for working capital or fixed assets. A variant of this product called Individual Bazaar Loan (IBZL) is also offer to micro-entrepreneurs who do not have a repayment track record with Ujjivan in selected branches.
Features:
  • Loan range: Rs. 51,000 – Rs.1,50,000
  • Interest rate (Reducing balance): 23.25% p.a.
  • Repayment tenure: 6- 24 months
  • Processing fees: 2% of loan amount (exclusive of taxes)

Individual Livestock Loan
Individual livestock loan is offered to dairy farmers living in villages in the working areas of Ujjivan's branches. The loan helps them meet the finance needs of livestock business, including purchase of cow/ buffalo, cattle shed renovation, purchase of feed/fodder, purchase of machinery etc.
Features:
  • Loan range: Rs. 51,000 – Rs.1,50,000
  • Interest rate (Reducing balance): 23.25% p.a.
  • Repayment tenure: 6- 24 months
  • Processing fees: 1% of loan amount (exclusive of taxes)

Home Improvement Loan
The purpose of this loan is to provide our customers who are renovating or expanding their houses with timely credit facilities.
Features:
  • Loan range: Rs. 51,000 – Rs.1,50,000
  • Interest rate (Reducing balance): 23.25% p.a.
  • Repayment tenure: 12 - 36 months
  • Processing fees: 2% of loan amount (exclusive of taxes)

Higher Education Loan
Ujjivan's Higher Education Loan (HEL) caters to the needs of the customers who find it difficult to arrange for higher education of their children. The product is for our customers who have children at home pursuing higher education.
Features:
  • Loan range: Rs.51,000 – 1,50,000
  • Interest rate (Reducing balance): 23.25% p.a.
  • Repayment tenure: 6 - 24 months
  • Processing fees: 1% of loan amount (exclusive of taxes)

Individual Agriculture Loan
The Individual Agriculture Loan is offered to marginal and tenant farmers who still have shortage of formal credit. The product is tailor made to meet the differential needs of farmers.
Features:
  • Loan range: Rs. 31,000 – Rs.80,000
  • Interest rate (Reducing balance): 23.25% p.a.
  • Repayment tenure: 4-12 months
  • Processing fees: 1% of loan amount (exclusive of taxes)

Secured Business Loan
Secured business loan caters to the investment needs micro and small entrepreneurs to expand and boost their business. The loan will be secured by land & building, taken as collateral.
Features:
  • Loan range: Rs.2,00,000 – Rs 10,00,000
  • Interest rate (Reducing balance): 20% p.a. declining
  • Repayment tenure: 24-84 months
  • Processing fees: 2.2% of loan amount (exclusive of taxes)
  • Collateral: Minimum 150% of loan amount

Secured Home Loan
Ujjivan offers a tailor made product for the customers who have higher amount requirements for house purchase or renovation through their secured housing loan product.
Features:
  • Purpose: Loans for Home Improvement/Renovation/Extension, Home Construction and Home Purchase
  • Loan range: Rs.2,00,000 – 10,00,000
  • Interest rate (Reducing balance): 15.75% p.a.
  • Repayment tenure: 24-120 months
  • Processing fees: 2.5% of loan amount (Inclusive of Legal & Technical Charges) (exclusive of taxes)

C. Housing & MSE

Secured Home Loan
Ujjivan offers a tailor made product for the customers who have higher amount requirements for house purchase or renovation through their secured housing loan product.

Features:
  • Purpose: Loans for Home Improvement/Renovation/Extension, Home Construction and Home Purchase
  • Loan range: Rs.2,00,000 – 15,00,000
  • Interest rate (Reducing balance): 12.75% p.a.
  • Repayment tenure: 24-180 months
  • Processing fees: 2% of loan amount (Inclusive of Legal & Technical Charges) (exclusive of taxes)

Unsecured Business Loan
Unsecured business loan caters to the investment needs of micro and small entrepreneurs to expand and boost their business. The loan will be free of any collateral.

Features:
  • Loan range: Rs.1,50,000 – Rs 3,00,000
  • Interest rate (Reducing balance): 24% p.a. declining
  • Repayment tenure: 12-36 months
  • Processing fees: 2.25% of loan amount (exclusive of taxes)
  • Processing fees: 2.5% of loan amount (Inclusive of Legal & Technical Charges) (exclusive of taxes)

Secured Business Loan
Secured business loan caters to the investment needs micro and small entrepreneurs to expand and boost their business. The loan will be secured by land & building, taken as collateral.

Features:
  • Loan range: Rs.3,00,000 – Rs 10,00,000
  • Interest rate (Reducing balance): 19.75% p.a. declining
  • Repayment tenure: 24-84 months
  • Processing fees: 2% of loan amount (exclusive of taxes)
  • Login Fees: Rs.1500/- (exclusive of taxes)

D. Pragati Individual Loan
These individual loans are given to customers- both Ujjivan's existing and open market- on an individual basis. There is no requirement of collateral security and guarantor for the Pragati Individual Loan. The important features of this loan are as follows:

  • Loan range*: Rs. 51,000 – Rs.1,00,000
  • Interest rate (Reducing balance): 22.25% p.a.
  • Repayment tenure#: 24-36 months
  • Processing fees: 1.00% of loan amount (exclusive of taxes)
  • Life Insurance Premium: As applicable. Please see the life insurance premium chart in the insurance section.
  • Stamp Duty, as applicable is the state, is paid by the customer.
* The amount of loan may vary according to the purpose of the loan. For Pragati Medical Emergency Loan, the loan range is Rs 5,000 to Rs 50,000.

# The tenure of Pragati Medical Emergency Loan is 6-24 months for loan amounts Rs 5,000- Rs 15,000.

Ujjivan

Purpose/uses of Pragati Individual Loans:
The loan can be utilized for the following purposes:

  • Business Expansion
  • Purchase of Milch Animals and Dairying
  • Home Improvement
  • Higher Education(+2 and above) of Children
  • Farming (Agricultural) Activities carried out by Marginal & Tenant Farmers
  • Medical Emergency in the family of an Existing Pragati Loan Customer

Insurance

In the unfortunate event of natural or accidental death of the customer or spouse, the insurance amount helps the nominee/beneficiary to cover the existing loan as well as receive the benefits of a life cover. We have partnered with Bajaj Allianz Life Insurance to offer a Group Term Life (GTL) Insurance policy, with different insurance schemes based on loan type and repayment mode.

  1. Premium chart for group loan products

    Ujjivan

  2. Premium for Individual loan products

    The premium for all the Individual loan is Rs. 4.08 per Rs. 1000 sum assured for customer

    The premium for all the Individual loan is Rs. 4.08 per Rs. 1000 sum assured for co-borrower

  3. Insurance for Secured Loans

    Credit Insurance is being offered to our secured loan customers along with an option to buy an adequate policy themselves and assign it to Ujjivan. This Product is intended to cover only the loan outstanding to Ujjivan. The product is also called reducing cover product as the sum assured decreases through the loan repayment tenure.

Pricing Table

© 2015 Ujjivan Financial Services Ltd. CIN NO: L65999KA2004PLC035329
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