#1
January 18th, 2016, 05:48 PM
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Union Bank of India SME Loan
I am going to open an account in the Union Bank of India for taking the SME loan from this bank want details related to this. Will you please provide me Union Bank of India SME Loan details along with interest rate and also provide me process to get the branch locater of bank?
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#2
January 18th, 2016, 06:13 PM
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Re: Union Bank of India SME Loan
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. 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. MARGIN, I.E. YOUR SHARE:- Minimum - 25%. INTEREST:- 2% above the applicable rate of interest (based on credit ratings) REPAYMENT:- The limits sanctioned will be repayable within three months. As per your request here I am providing you the process to check the branch locater of this bank: 1 Visit the official portal of the bank which looks like: 2 in the right side corner you will get the Contact link click on that. 3 New pop up window opens then click on the branch link. 4 You will be redirected to the new page which looks like: 5 Enter the keyword and click on search button. 6 Your result will be displayed |