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