2023 2024 EduVark > Education Discussion > General Discussion


  #2  
June 2nd, 2016, 08:53 AM
Super Moderator
 
Join Date: Mar 2012
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.


Quick Reply
Your Username: Click here to log in

Message:
Options



All times are GMT +5. The time now is 03:26 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Content Relevant URLs by vBSEO 3.6.0

1 2 3 4 5 6 7 8