#1
June 2nd, 2016, 08:52 AM
| |||
| |||
Union bank of India MSE Scheme
Hello sir I want to know about Union bank of India MSE Scheme so here can you please give me its details ?
|
#2
June 2nd, 2016, 08:53 AM
| |||
| |||
Re: Union bank of India MSE Scheme
Hey as per my idea you are asking about SME scheme and here I am giving you its details SME Union SME plus is a credit product tailored to meet the temporary short term working capital requirements of MSME Borrowers Quantum of Loan:- Adhoc Working Capital limit up to 15% of the existing regular working capital limit (Fund based & Non Fund Based). Eligibility:- Borrowers with existing working capital limits of Rs.1.00 cr or above. Borrowal Accounts belonging to Micro, Small and Medium Enterprises Sector Earned profits consistently for the preceding three years and who have not defaulted in any of their commitments Security:- Prime - Extension of Bank’s charge over current and fixed assets Collateral- Extension of charge over existing collateral Personal guaranteeof proprietor/ partners/ directors Interest:- 2% above the applicable rate of interest (based on credit ratings) Repayment:- The limits sanctioned will be repayable within three months. |
|