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MSME-loan

MSME Loan Interest Rates

Union MSME Gold Loan Plus

Eligibility	Any individual MSME including Proprietorship firm, Business owners, Women Entrepreneurs, Self- employed professionals, Individuals doing Retail/Wholesale trade business owning gold ornaments/Jewellery/ Coins, either singly or jointly. Loans can be granted against gold ornaments/Jewellery and specially minted pure gold coins sold by our bank/other bank. The total weight of the coins should not exceed 50 grams per customer. The applicant should be properly introduced to the Bank or his identity and address should be established by verifying ration card/identity card/ passport/Aadhaar Card/PAN card/similar documents acceptable to the Bank.
Amount	Maximum: Rs 50.00 lakh
Facility / Purpose	Demand Loan
Margin	Margin 25% for 22 karat fineness Margin 35% for 20/18 Karat fineness of Hall mark Gold ornaments
Security	Pledge of Gold Ornaments / Jewellery / Coins

Union Solar

Eligibility	a. All business enterprises irrespective of constitution (Individual/Proprietorship/Partnership/Companies/Trust/Association etc) other than HUF. b. CIC Score in case of Individual/Proprietary concerns shall be minimum 700. c. Installation of Solar Unit to be grid connected and shall have the net metering arrangement/site feasibility approval from jurisdictional DISCOM/Chief Electrical Inspector to Government (CEIG)). d. Savings in electricity cost post installation of renewable energy sources shall cover atleast the monthly repayment obligation of the Term Loan availed for the same under the subject scheme. e. Only onsite projects to be financed under the scheme. f. Property where the Solar Unit is proposed to be installed shall be under the ownership of the borrower or the borrower shall have the leasehold rights (including option of renewal) on the property covering the tenor of the loan. g. In case of existing borrowers, the account shall not be overdue or under SMA at the time of sanction.
Amount	Minimum: Above Rs 10 lakh Maximum: Rs 8.00 Crore
Facility / Purpose	Term loan
Margin	20%. In case of proposals with collateral coverage of more than 35%, minimum margin may be reduced to 15% by the respective sanctioning authority.
Security	Primary: All the assets created out of TL Collateral : a) No additional collateral shall be insisted in case of borrowers (existing/new) availing credit facilities with our Bank for their business and seeking Term Loans under the subject scheme duly obtaining negative lien on the existing securities. b) In case of New to Bank customer, NIL collateral on cases to basis complying the criterion stipulated by the Bank. Else, the account may be covered under CGTMSE (charges to be borne by the borrower) with nil collateral and/or minimum of 25% of collateral to be offered for the exposure not covered under CGTSME.

Union Nari Shakti

Eligibility	All Women owned and managed MSMEs (i.e., share capital of min 51% with Women) SHGs having Udyam Registration
Amount
Facility / Purpose	Term loan
Margin	5% for limits upt o Rs 1.00 Cr 15% for limits above Rs 1.00 Cr
Security	Nil for limits up to Rs 2.00 Crs with CGTMSE coverage Hybrid model of CGTMSE with collateral of 25% for the portion uncovered under CGTMSE for limits above Rs 2.00 Crs

Union Equipment Finance

Eligibility	a) All MSME and Non-MSME units irrespective of line of activity availing Working capital (FB/NFB (both LC and BG) limits from our Bank. b) New to Bank MSME (all activities) and New to Bank Non-MSME (Contractors) with External Credit Rating BBB and above. c) Borrower should be in business for minimum 2 years. Unit must be profit making and not under SMA category as on date of sanction. Account should not be SMA-2 during last 12 months. d) New to Bank MSME borrowers with compliance to the following (in place of external rating of ‘BBB’ & above) are also eligible with maximum limit of Rs 10 Crs: i. To be in operation for minimum 3 years. ii. Registered Net profit for past 3 years. iii. Account should not be appearing as SMA-1 and SMA-2 with any lenders in past 2 years. iv. CIC score of the promoters/directors should be 700+. v. CIBIL CMR, Financial benchmark ratios as per Bank’s extant policy
Amount	Minimum: Above Rs 10.00 lakh Maximum: Rs 50.00 Crore
Facility / Purpose	Term loan
Margin	Minimum 5% on the cost of the equipment along with DSRA of 3 months else margin will be 10%.
Security	Hypothecation of the equipment to be purchased. No extension of collateral or CGTMSE is required.

Union Ayushman Plus

Eligibility	Hospitals/Clinics/Nursing Homes/ Diagnostic Centres, Pathology labs etc Qualified Medical Practitioners in the age group of 25 to 65 years
Amount	Maximum: Rs 100.00 Crore (TL+WC)
Facility / Purpose	Term loan
Margin	Equipment – 15% Land/Construction/Renovation – 35% (Cost of land being financed shall not exceed 50% of project cost)
Security	Nil if covered under CGTMSE 25% for the exposure not covered under CGTMSE/Hybrid model of CGTMSE No Collateral/ CGTMSE coverage shall be insisted for standalone Equipment finance to established hospitals satisfying the eligibility criteria stipulated by the Bank.

Union MSME Suvidha

Eligibility	All units engaged in the Manufacturing/ Services/ Trading activity, eligible to be classified under MSME. Enterprises engaged in speculative activities/Real Estate activities are not eligible for finance under this scheme.
Amount	Minimum: Above Rs 10 lakh Maximum: Up to Rs 50.00 Crore [OD – Rs 5.00 Crore]
Facility / Purpose	Term loan
Margin	FBWC 20% [Stock (excluding dead stock) & book debts aged up to 90 days] NFBWC a. NFBWC – 25% (Cash/FDR) b. Reduction of Margin in LC and BG may be approved by delegated authority as per Policy on Delegation of Loaning Power. Term Loan Plant & Machinery / Equipment: 25% Land & Building/ Building/ Others : 35%
Security	Primary: All assets created out of Bank’s finance shall be charged in favour of Bank by way of Hypothecation/ Mortgage etc. Security Coverage : a. Minimum 75% (125% for OD facility) of the loan amount by way of immovable properties (Land and Building) and / or other liquid assets like NSCs /KVPs/ Deposits/assignment of LIC policies/other Govt. Securities can only be considered for security coverage. b. Value of immovable property (fully constructed and ready to occupy and ready for mortgage) procured from the TL for own business use can be considered towards arriving the security coverage for aforesaid TL under the scheme for all MSMEs (including Trade) i.e., no additional collateral is required for the TL towards purchase of ready built shop/ office/ warehouse. c. Security of Agriculture property/Educational Institutions/ Hospital properties/ Religious trusts are not to be considered. d. 1.50 times weightage for clearly defined liquid securities may be considered for the purpose of pricing only

Union GST Gain

Eligibility	a. All MSME units engaged in manufacturing/service/trading activity with Udyam Registration b. Unit avail credit facilities under Sole Banking arrangement only c. To secure internal credit rating CR-1 to CR-4 d. The borrower should be in possession of requisite registration under GST Act viz. i.e. Provisional Registration (Form GSTREG-25) or Final Registration (Form GSTREG-06) e. Must have filed last 12 month GST returns (Either monthly or annual return) with exception to newly established MSME units where the requirement is filing of GST return for minimum 3 months (monthly return) or for minimum one quarter (quarterly return) f. Minimum 80% of the turnover in Current/ CC accounts should be against the sales mentioned in the GST Return.
Amount	Minimum: Above Rs 10 lakh Maximum: Rs 5.00 Crore
Facility / Purpose	Working Capital
Margin	20%
Security	Primary: Hypothecation of Stock & book Debts Collateral: Starting from 50% linked to internal rating & CMR

Union Progress

Eligibility	All business units irrespective of classification under Micro & Small enterprise category.
Amount	Maximum limits Upto Rs.2.00 crore
Facility / Purpose	Working Capital / Term Loan
Margin	For Working Capital Limits: • 10% for credit limit up to Rs. 10 lacs. • 25% for credit limits above Rs. 10 lacs. For Term Loans: • Land & Building –35% • Machinery & Equipment –25% • Others –25%
Security	• Primary: All assets created out of Bank's finance shall be charged in favour of Bank by way of hypothecation / mortgage etc. • Collateral: • No collateral should be insisted in case of loans upto Rs.10 lacs extended to units in the MSE sectors (whether eligible under CGTMSE or not) • All loans upto Rs. 25 lacs extended to Micro & Small Enterprises and eligible for coverage under credit guarantee scheme of CGTMSE should be covered without any exception.

Union Liqui Property

Eligibility	All business enterprises irrespective of constitution (Proprietorship/Partnership/Companies/Trust/Association etc) other than individuals and HUF engaged in business activity for minimum last two years. Enterprises engaged in speculative activities/Real Estate activities are not eligible for finance under this scheme.
Amount	Minimum: Rs 0.10 Crore Maximum: Rs 10.00 Crore
Facility / Purpose	Term Loan
Margin	50% of the Net Realisable Value (NRV) of the property as per valuation report i.e. value of property should be minimum 200% of the proposed loan amount.
Security

Union Parivahan

Eligibility	All business units of following constitution i.e. Individuals, HUF, Proprietorship, Partnership concerns (including LLP), Limited Companies, engaged in transportation business or any other business.
Amount	Maximum Rs. 500.00 lakhs
Facility / Purpose	Term Loan
Margin	Minimum 20%
Security	For Term Loan: Primary – • Hypothecation charge on the vehicle financed by the Bank•Bank’s charge on the vehicle to be registered with Regional Transport Authority. Collateral - • Nil if advance is covered under CGTMSE Guarantee Scheme • For Term Loan/ portion of Term Loan advances not covered under CGTMSE, minimum collateral security of 25% of loan amount should be obtained in form of Mortgage of property / FDR / LIC Policy (surrender value), NSCs(only Surrender Value) KVPs (only Surrender Value), Units of eligible Mutual Fund may also be accepted. • In case of Mortgage created on third party property branches to ensure proper due diligence and other checks as per extant guidelines of the bank. • Borrower may also be extended Loan under CGTMSE for MSEs under Partial Collateral Security Model (Hybrid Security) under which bank can obtain collateral security for a part of the credit facility, whereas for the remaining part of the credit facility upto a maximum of Rs.200 lakhs can be covered under Credit Guarantee Scheme of CGTMSE.

Union Stand-Up India

Eligibility	a. Scheduled Caste (SC) or Scheduled Tribe (ST) borrower or woman borrower, above 18 years of age, for setting up a Greenfield enterprise indulged in manufacturing, service or trading activity, Loans for enterprises in “Activities allied to Agriculture”. b. In case of non-individual enterprises, at least 51% of the shareholding and controlling stake should be held by either a SC/ST or women Entrepreneur. c. Women from all strata of the society are eligible under the scheme.
Amount	Rs. 10.00 lakhs to Rs. 100.00 lakhs
Facility / Purpose	Composite Loan
Margin	The scheme envisages margin money of 15% of the project cost. However, subsidy provided by State / Central Govt may be treated as margin money subject to borrower bring in minimum of 10% of the project cost as own contribution.
Security	Besides primary security, the loan may be secured by collateral security or guarantee of Credit Guarantee Scheme for Stand up India (CGSSI)

Union Professional

Eligibility	Practicing Chartered Accountants, Architects, Engineers, Valuers, Management/ Financial Consultants, Company Secretaries, Cost Accountants, etc
Amount	Rural Centres Rs 10 lac Semi urban Centres Rs 50 lac Urban Centres Rs.2 Crore Metro Rs.5 Crore
Facility / Purpose	Term Loan
Margin	The Margin requirements are as under; • Uniform margin of 35% on Cost of Construction/Purchase consideration [the agreement value inclusive of stamp duty/ registration, etc.] • 40 %for furniture and fixtures etc. [Only if office premises is acquired under the scheme] • Where loan is for purchase of site/ land and construction of office premises, value of the land shall not exceed 50% of the total project cost.
Security	Besides primary security, the loan may be secured by collateral security or guarantee of Credit Guarantee Scheme for Stand up India (CGSSI)

Union Turnover Plus

Eligibility	All Micro, Small & Medium Enterprises (MSME) engaged in manufacturing activity or service activity or trading activity irrespective of constitution will be eligible under the scheme
Amount	Maximum up to Rs. 5.00 Crores
Facility / Purpose	Fund Based Working Capital Limit
Margin	20%
Security	a) Primary: All assets created out of Bank’s finance shall be charged in favor of Bank by way of Hypothecation /Mortgage etc. b) Collateral: • No collateral should be insisted in case of Loans upto Rs. 10.00 Lacs extended to units in the MSE Sectors and eligible accounts to be covered under applicable credit guarantee scheme. • Collateral Security for the entire credit facility shall be Nil if advance is covered under CGTMSE Guarantee Scheme. Hybrid security model of CGTMSE may also be utilized as per the eligibility. • Wherever, the account could not be covered under any Credit Guarantee Scheme, collateral security coverage of Minimum 60 % of total credit facility is to be obtained

Union Start Up Scheme

Eligibility	The Unit must be eligible and certified as “Start-up” by the concerned Government Authority as per Start-up India scheme launched by Government of India (GoI).
Amount	Minimum: Rs.0.10 crore Maximum: Rs.5.00 crore
Facility / Purpose	Term Loan and / or Working capital (Fund Based and Non-Fund Based)
Margin	20% (Working capital as well as Term Loan)
Security	Primary: All tangible assets created out of Bank’s finance shall be charged in favor of Bank by way of hypothecation / mortgage etc. Collateral: May not be insisted upon

Union Start Up Scheme

Eligibility	The Unit must be eligible and certified as “Start-up” by the concerned Government Authority as per Start-up India scheme launched by Government of India (GoI).
Amount	Minimum: Rs.0.10 crore Maximum: Rs.5.00 crore
Facility / Purpose	Term Loan and / or Working capital (Fund Based and Non-Fund Based)
Margin	20% (Working capital as well as Term Loan)
Security	Primary: All tangible assets created out of Bank’s finance shall be charged in favor of Bank by way of hypothecation / mortgage etc. Collateral: May not be insisted upon

Union Rent

Eligibility	• Landlords of our Branch/Offices premises (Including residential flat/houses leased to our Bank.) • Owner of property (Commercial/Residential) who have rented the same to Public Sector Banks, Public Sector Undertakings, Post Office & Government Departments. • Owner of property (Commercial /residential/ IT Parks/Malls/properties in Industrial area/ SEZ) who have rented the same to other reputed companies/MNCs/ Institutions/ Private Sector Banks etc..
Amount
Facility / Purpose
Margin
Security

Union Mudra

Eligibility	All Micro enterprises engaged in manufacturing, trading and service sector including professionals (like CA/ICWA/CS/Architect/Medical professionals etc) will be eligible under the scheme.
Amount	Not Applicable
Facility / Purpose	Composite Loan. Term Loan and / or Working capital (Fund Based)
Margin	Primary:All assets created out of Bank’s finance shall be charged in favour of Bank by way of hypothecation / mortgage etc. Guarantee • Personal guarantee of all borrower(s), promoter directors, proprietor, partners of the firm. No third party guarantee shall be taken, since the loan is to be covered under CGTMSE scheme.
Security

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UBI‌ ‌Services‌ Limited‌ i.e. UBISL ‌(‌formerly‌ ‌known‌ ‌as‌ ‌CorpBank‌ ‌Securities‌ ‌Limited)‌ ‌is‌ ‌a‌ ‌wholly-owned‌ ‌subsidiary‌ ‌of‌ ‌Union‌ ‌Bank‌ ‌of‌ ‌India,‌ ‌ ‌presently‌ ‌engaged‌ ‌in‌ distribution of retail loan products of Union Bank of India. We also involved in ‌Institutional‌ ‌Equity‌ ‌Broking and‌ distribution‌ ‌of‌ ‌Mutual‌ ‌Funds.‌‌

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