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Punjab National Bank

PNB ARHATIA

Bank Punjab National Bank
Scheme PNB ARHATIA
Description To provide Working Capital to the Commission Agents/ Arhatia, irrespective of their location enabling them to make advance payment to farmers for supply of inputs as also for buying the output from them.

 

Supply of inputs (such as fertilizers, pesticides, seeds, cattle feed, poultry feed, agricultural implements and other inputs) to farmers and buying the output from them.

 

Carrying post harvest activities such as sorting, grading etc.

Eligibility Commission Agents/ Arhatia having valid license from the market yard/Board.

All Commission Agents/ Arhatia irrespective of location shall be covered under the scheme.

Rate of Interest & Repayment Interest: as per Bank’s policies
Collateral Personal guarantee of owner the property as per guidelines
Composite /loan Limit Maximum up to Rs. 5.00 Crore
Margin NA
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Punjab National Bank

PNB TATKAAL

Bank Punjab National Bank
Scheme PNB TATKAAL
Description An instant credit for farming community to meet the emergency requirements for Agriculture and Domestic purposes for tiding over temporary difficulties.
Eligibility Individual farmers /joint borrowers (not exceeding four farmers) who are existing Kisan Credit Card (KCC) holders having satisfactory track record of at least two years are eligible
Rate of Interest & Repayment
Collateral
Composite /loan Limit Minimum limit: Rs. 1000/Maximum limit: Rs.50000/- (Subject to ceiling at 50% of KCC limit/ 25% of annual income)
Margin
Detail Link View Link
UCO Bank

Union e-Way Bills Solution

Bank Union Bank of India
Scheme Union e-Way Bills Solution
Description To finance against domestic unpaid invoices which are registered under Goods and Service Tax Network (GSTN) system based on E-Way bill number. These invoices should be duly accepted by the purchasers in hard copy manually as per guidelines in vogue.
Eligibility All business enterprises enjoying existing Fund Based working capital facility from our Bank.
Rate of Interest & Repayment Repayment: Any delayed repayment by the purchaser beyond the due date will attract penal interest as per extant guidelines.
Collateral Primary: Invoices drawn by suppliers duly accepted by the purchaser.
Collateral:
As this facility is part of the total limit to be sanctioned under fund based working capital limit no separate/additional collateral is required to availment of this facility. The exiting collateral to continue.
Composite /loan Limit The total limit to be sanctioned under this scheme should be within the assessed Fund based working capital limits. In case of existing accounts availing the finance under the proposed scheme, separate sub limits out of existing limits may be carved out.
Margin The margin applicable to existing fund based working capital limits should also be made applicable to this scheme.
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Union Bank of India

Union MUDRA

Bank Union Bank of India
Scheme Union MUDRA
Description ·        Under PMMY our Bank extend finance to the micro enterprises which are in the business of manufacturing, trading and service sector in rural, urban & metro areas.
Eligibility  
Rate of Interest & Repayment ·        The rate of interest applicable to the units is in the range of MCLR + 0.40% to MCLR + 1.65%.
Collateral ·        Loans covered under MUDRA is collateral free loans. However assets created out of the bank loan to be charged with the Bank.
Composite /loan Limit  
Margin  
Detail Link View Link
Union Bank of India

Union Rent

Bank Union Bank of India
Scheme Union Rent
Description  
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) who have rented the same to other reputed companies/MNCs/Institutions/ Private Sector Banks etc.

 

Rate of Interest & Repayment ·        Rate of interest:

 

Category Rate of interest
·        Landlords of our Branch/Offices premises (Including residential flat/houses leased to our Bank.) MCLR + 2.00%
·        Owner of property (Commercial/ Residential) who have rented the same to Public Sector Banks, Public Sector Undertakings, Post Office & Government Departments.
·        Other than the above As detailed below

(rate of interest is subject to revision from time to time)

Period CRE loan Non-CRE loan
Up to 3 Years MCLR + 4.90% MCLR + 3.90%
Above 3 Years MCLR + 5.15% MCLR + 4.15%

·        Inclusive of additional Credit Risk Premium.

·        (rate of interest is subject to revision from time to time)

 

·        Repayment Period – Loan is repayable upto 120 months by using the entire net rent amount (Gross Rent – proportionate advance rent received – property tax – TDS – Other statutory dues of lessor) within the unexpired period of lease or within 120 months, whichever is earlier.

Collateral a. Upto Rs.1.00 Lacs – On Clean basis
b. Above Rs.1.00 Lacs – EM of property, in respect of which rent is charged to the loan. In case the security of the said property is not available, EM of alternate property is permitted. However, the property should have Clear & marketable title and there should not be any litigation of any nature outstanding on the property, it should be held as free hold  and  The value of the alternate property is not less than 150% of the loan amount. Other chargeable securities such as NSCs, Bank own deposit, LIC policies etc. having value sufficient to cover the loan amount may also be obtained.
Composite /loan Limit Maximum limit per party that can be sanctioned under the scheme should be calculated considering net rent amount available to the Bank upto maximum 120 months subject to:

·        75% of the net rental income for residual/effective lease period i.e.  Gross Rentals less  (Advance rent received + property tax + TDS + Other statutory dues of lessor)

OR

·        75% of the value of property

OR

·        Loan that can be recovered / repaid from applicable rent receivables  (Refer to Point on repayment)

whichever is less

(Securitization of lease rentals and repayment thereof beyond the unexpired lease period upto 120 months may also be considered as per the terms of the scheme.)

Margin  
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Union Bank of India

Union Liqui Property

Bank Union Bank of India
Scheme Union Liqui Property
Description ·        To meet working capital requirements for business activity.

·        For Shoring-up of Net Working Capital

·        For purchase/construction/renovation of factory/ offices / shop / godown

·        For purchase of plant & machinery

·        For purchase of equipment.

·        Financing repayment of high cost debts

 

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.

·        Units should have in place all necessary statutory approvals / NOCs from respective authorities.

·        Credit Rating of the borrower should not be below UBI-5 in case of new connection and UBI-4 in case of takeover advances.

·        All new as well as existing accounts can be covered under the scheme.

·        Enterprises engaged in speculative activities/Real Estate activities are not eligible for finance under this scheme.

Rate of Interest & Repayment Rate of Interest –

Rating Micro Small Medium Others
CR-1 MCLR +1.90% MCLR +2.15% MCLR +2.40% MCLR +2.90%
CR-2 MCLR +1.90% MCLR +2.15% MCLR +2.40% MCLR +2.90%
CR-3 MCLR +1.90% MCLR +2.15% MCLR +2.40% MCLR +2.90%
CR-4 MCLR +2.90% MCLR +3.15% MCLR +3.40% MCLR +3.90%
CR-5 MCLR +2.90% MCLR +3.15% MCLR +3.40% MCLR +3.90%
CR-6 & below MCLR +3.40% MCLR +3.65% MCLR +3.90% MCLR +4.40%

(rate of interest is subject to revision from time to time)

·        Excluding additional credit risk premium for term loans

 

Repayment Period

·        Term Loan to be repaid in maximum 120 months inclusive of moratorium period not exceeding 6 months. Interest is to be paid as and when due.

·        Overdraft facility is for a period of one year. However, it may be further extended subject to review/renewal of the facility by competent authority on yearly basis.

 

Collateral ·        Equitable Mortgage of residential / commercial / industrial property (Land & Building) located at Metro / Urban / Semi Urban areas only, which are un-encumbered from other bank / FI and should be enforceable under SARFAESIA.

·        The existing immovable property held as prime/collateral security for a particular credit facility can be accepted as prime/collateral security for other credit facility. However, the value of property to be considered for the purpose of prime/collateral security is to be restricted to the residual value of property in excess of 200% of the outstanding of the loan facility against which the property is held as prime security.

·        The property should be in the name and possession of applicant / proprietor / partners / directors /promoter.

·        Property in the name of close relatives i.e. father / mother / spouse / son / unmarried daughter of the proprietor / partner / director / promoter may also be accepted and in that case the property owner should stand as guarantor.

 

Composite /loan Limit ·        Minimum Rs.0.10crore

·        Maximum Rs.10.00crore

Margin Margin on Value of Property – 50% of the fair market value of the property as per valuation report i.e. value of property should be minimum 200% of the proposed loan amount.
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Union Bank of India

Union Progress

Bank Union Bank of India
Scheme Union Progress
Description To meet business related needs including purchase / construction of business/office premises including Cyber cafe, machinery including Generator Set, equipments, vehicles, other fixed assets  and working capital requirement.
Eligibility All business units irrespective of classification under Micro & Small enterprise category.
Rate of Interest & Repayment As per extant interest rate guidelines for Micro and Small Enterprises.

Repayment: Working Capital: 12 months subject to renewal as per extant guidelines.

Term Loan: To be repaid within maximum period of 84 monthly installments inclusive of moratorium period.
Interest to be paid as and when due.

Collateral Primary: All assets created out of Bank’s finance shall be charged in favor of Bank by way of hypothecation / mortgage etc.

Collateral: No collateral for accounts covered under CGTMSE (Annual guarantee fee payable to Credit Guarantee Trust will be fully absorbed by the Bank for micro enterprises).

Composite /loan Limit Maximum limits upto Rs.1.00crore
Margin ·        10% for credit limit upto Rs.10.00Lacs.

·        15% for Credit Limits above Rs.10.00Lacs

Detail Link View Link
Union Bank of India

Union GST Gain

Bank Union Bank of India
Scheme Union GST Gain
Description To fund need based Working Capital requirement for trading/ services/ manufacturing business.
Eligibility All units engaged in trading/Services/manufacturing activity i.e. Retail Traders, Wholesale Traders including Supermarkets, Malls, Departmental Stores, Dealers in Groceries, Consumer durables, Co-operative stores, manufacturer, Repairs shops etc irrespective of constitution and classified under MSME (Manufacturing/Service Enterprise) will be eligible under the scheme.
Rate of Interest & Repayment • The Rate of Interest would be as per the extant interest rate circular of our Bank.
• Extant Interest Rate shall continue for existing accounts i.e. till review/ renewal/ closure of account.

Repayment : On Demand

Collateral Primary :
The advance shall be secured by hypothecation of stock duly insured and/or book debts.
Collateral :
Minimum collateral security shall be 100% of the loan amount.
• Mortgage (Equitable /Registered) of immovable property (land and building) / pledge of securities like NSCs / KVPs / Deposits / assignment of LIC policies (only surrender value to be taken into account) / other Government securities to the extent of minimum 100% of loan amount.
• In case of any existing Term Loan secured by Landed property, the value of property in excess over 133% of the total outstanding in Term Loan account or margin stipulated at the time of sanctioning of Term Loan, whichever is higher, may be considered as eligible collateral for the scheme.
• However, in case of mortgage loan such excess shall be considered over 200% of the loan outstanding.
Composite /loan Limit Minimum Limit: Above Rs.10.00 lacs.
Maximum: Rs. 500.00 lacs.
Margin Working Capital : 20%
Detail Link View Link
Union Bank of India

Union MSME Suvidha

Bank Union Bank of India
Scheme Union MSME Suvidha
Description • To meet need based working capital (Fund Based & Non-Fund Based) requirement for Business Activity.
• Term Loan for own business use, which is detailed as under:
• Purchase/ Construction / Renovation of Business Premises, Factory / Offices / Shop / Godown / Plant & Machinery / Equipment etc for business activities areeligible.
• Purchase of equipment like Computers, air-conditioner, furniture & fixtures and other fixed assets like commercial vehicles forbusiness.
• Any other purpose whereby asset is created out of Bank’s finance for the purpose of running the business.
Eligibility All units engaged in the Manufacturing/ Services/ Trading activity, eligible to be classified under MSME.
Rate of Interest & Repayment Repayment:

Working Capital: On Demand.
Term Loan: As per Loan Policy, the maximum period for repayment of term loan shall normally be 84 months (including moratorium), except for projects with longer gestation periods, infrastructure projects etc. Hence, the maximum door to door repayment period shall be limited to 7 years including maximum moratorium period of 12 months.
Interest to be recovered during the moratorium period. Working Capital: On Demand.
Term Loan: As per Loan Policy, the maximum period for repayment of term loan shall normally be 84 months (including moratorium), except for projects with longer gestation periods, infrastructure projects etc. Hence, the maximum door to door repayment period shall be limited to 7 years including maximum moratorium period of 12 months.
Interest to be recovered during the moratorium period.

Collateral  
Composite /loan Limit Min: Above Rs.10 Lakh
Max: Up to Rs.50 Crore with TL restricted upto Rs. 10.00 crores in case of Trade accounts.
Also, exposure below Rs. 10.00 lakhs sanctioned previously may be continued till the closure of limit / loan.
Margin
FBWC 20% [Stock (excluding dead stock) & book debtsaged up to 90 days]
NFBWC 25% (Cash/ FDR Margin)
Term Loan Plant & Machinery / Equipment: 25%
Detail Link  
Union Bank of India

Union Start up

Bank Union Bank of India
Scheme Union Start up
Description To finance for innovation, development, deployment or commercialization of new product, processes or services driven by technology or intellectual property as per Start-up India 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).
Rate of Interest & Repayment Concession over applicable rate of interest

Repayment:

Working Capital: 12 months

Term Loan: Maximum Door to Door repayment shall be 10 years including moratorium period not exceeding 36 months. Repayment can be in monthly / quarterly installments. Interest shall be recovered separately.

 

Collateral
Collateral: Not Mandatory

Guarantee:

·        Personal guarantee of promoter directors, partners of the firm/company having sufficient means and of all mortgagors of collateral security, if any.

Composite /loan Limit Minimum: Rs.0.10crore
Maximum: Rs.5.00crore
Margin 20%  (Working capital as well as Term Loan)
Detail Link View Link

 

Union Bank of India

Union Ayushman Plus

Bank Union Bank of India
Scheme Union Ayushman Plus
Description a. For Purchase of brand new electro medical, diagnostic, X-ray Machines, MRI and other sophisticated equipment including operation theatre equipment, air conditioners, generators , personal computer and accessories with software for diagnosis, and UPS systems. Equipment for scanning centers/poly clinic/ Laboratories, other equipment and machinery used for Medical Purpose etc.

 

b.For Acquisition of Premises and/ or for setting-up of clinic/ hospital in own site Or Purchase of Site & Construction of hospital/ clinic thereon, furnishing and cost of medicines. Expansion/ Renovation / Modernization of existing premises.

 

c. For purchase of ambulance for Hospital/Clinic.

 

d.For Purchase/ Installation of Lift / Elevator, Solar Water heating system, Solar Electrification System etc to be installed at hospital premises.

 

e.Composite loan is also permissible.

 

f. Financing of Second Hand Medical Equipments/ Machinery/ Ambulance NOT to be considered.

Eligibility All practicing qualified medical practitioners holding a recognized graduate degree in any branch of Medicine/ Surgery /Dental Science / Physiotherapy/ Radiology/ Pathology /Diagnostic imaging etc with minimum practicing experience of one year in the age group of 25 years to 65 years in any branch of medical science, with minimum qualification of :

– MBBS

– BAMS

– BHMS

– BDS

– BV.Sc & AH

 

OR

 

– Degree in Para medical services like;

– X-ray Technology and Radiology

– Medical laboratory Technology

– Physiotherapy

– Optometry of Ophthalmic Technology

Rate of Interest & Repayment  

Repayment:

• Maximum 84 Equated Monthly Instalments (EMI).

• Moratorium period of Maximum upto 6 months may be permitted within maximum repayment period of 84 months if required/ requested. Repayment period shall be based on durability and useful life of the asset.

• For new construction – Maximum 180 months period including 24 months moratorium period.

• The repayment period should be co-terminus with maximum permissible age (70 years).

Collateral  
Composite /loan Limit a. Maximum quantum of loan will be Rs.20.00 crore Sub limit for the same are as under: – Working capital will be 25% of the maximum limit subject to ceiling of Rs. 5.00 Crore. – Term Loan uptoRs.20.00 Crore.
Margin a.Term Loan :

Minimum Margin for Term Loans:

– For Purchase of Equipment & Vehicle : 15%

– Construction / Acquisition of premises (Including/ Expansion/ Renovation / Modernization of Existing premises) : 35%

– Wherever the loan is for Purchase of Site and Construction of Hospital/ Clinic, financing the Cost of Land/ Site shall be restricted to 30% of the Total Project Cost.

 

b.Working Capital

– Assessment: As per Norms prescribed in the Loan Policy.

 

LC/BG Minimum Cash Margin: 15%

Detail Link https://www.unionbankofindia.co.in/pdf/Union-Ayushman-Plus.pdf
Union Bank of India

Union Turnover Plus

Bank Union Bank of India
Scheme Union Turnover Plus
Description To meet need based working capital (Fund Based) requirement of MSEs, which are adopting Digital Channels for business transactions, on the basis of Projected Sales Turnover acceptable to the Bank.
Eligibility
  • All Micro and Small Enterprises (MSE) engaged in manufacturing activity or service activity or trading activity irrespective of constitution will be eligible under the scheme.
  • The Unit to avail loan under Sole Banking Arrangement (excluding retail loans) and entire sales turnover is to be routed through Cash Credit (Working Capital) Account.
  • Digital portion to be maintained at minimum 25% of the projected Sales Turnover routed through Bank Books during the sanction period.

 

Rate of Interest & Repayment As per extant interest rate guidelines for Micro and Small Enterprises. However, concession of 0.50% over applicable rate of interest subject to minimum appropriate MCLR to MSEs having digitized sales turnover of above 50%.

Repayment: On demand. To be renewed every 12 months as per extant guidelines

Collateral 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.
Composite /loan Limit Maximum upto Rs.5.00crore
Margin ·        20%
Detail Link View Link
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