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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  
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