Union Bank of India is one of the largest government-owned banks of India.

Union SME plus is a credit product tailored to meet the temporary short term working capital requirements of MSME Borrowers.

You can avail the loan for the following purposes:

Any kind of genuine credit need of temporary nature to tide over liquidity crunch
Repayment of high cost short term borrowings availed for genuine working capital.
Meeting Working Capital need arising out of bunching of orders
Temporary delay in shipment / realization of book debts
Sudden increase in cost of raw material etc.

ELIGIBILITY:-

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
Borrowers with existing working capital limits of Rs.1.00 cr or above.


QUANTUM OF LOAN:-

Adhoc Working Capital limit up to 15% of the existing regular working capital limit (Fund based & Non Fund Based).

MARGIN, I.E. YOUR SHARE:-

Minimum - 25%.

NATURE OF FACILITY:-

Demand Loan

INTEREST:-
2% above the applicable rate of interest (based on credit ratings)

REPAYMENT:-

The limits sanctioned will be repayable within three months.

Contact:

Union Bank Of India - S.M.E. Branch
Shop No.53/1, SR Nagar Main Rd, Thabgha Terrain, Near To Police Station
Sanjeeva Reddy Nagar
Hyderabad, Telangana 500038
Phone:040 2342 0622