Untitled Page
All-India Toll Free number1800 22 22 441800 208 2244 All-India Toll Free number for PMJDY Scheme1800 22 22 43
Dedicated Number for NRI+918025302510  
 
 
facebaook twitter Instagram   YouTube
Govt Business
Union Supply
FeaturesFAQs
UNION SUPPLY
 
Purpose:-

Financing purchases of dealers through Buyer's Bill discounting, relating only to products supplied by the concerned corporate.

 
ELIGIBILITY:-

Selected authorized dealers of identified large Corporate borrowers of the Bank.

 
QUANTUM OF LOAN:-

Minimum Rs. 25 lac and Maximum Rs. 5 cr

 
APPRAISAL:-
  • For SSI units- Turnover method up to limit of Rs. 5 cr and
  • For others Turnover method up to limit of Rs. 1 cr and Flexible Bank Finance for above Rs. 1 cr
  1. Current ratio = 1.17:1 and TOL/TNW = 4:1
  2. Total Long term liability to equity should not exceed 2

* Loans and deposits from family members may be treated as quasi equity for arriving at the TNW provided subordination is supported by undertaking in writing

 
MARGIN, I.E. YOUR SHARE:-

Nil.

 
Nature of Facility:-

Bills Discounting Scheme in the account of the dealer (Buyer's UBD) drawn by the corporate.

 
SECURITY:-
  • Prime – DA bills drawn by the Corporate duly accepted by the dealers OR accepted challans/invoice
  • Collateral– Tangible collateral security in the form of land, building, bank deposit etc. to be obtained to cover at least 30% of the advances
  • Personal guarantee of Promoters
 

INTEREST RATE :-

MCLR + 4.15%

Updated as on 10.02.2017 (rate of interest is subject to revision from time to time)

 
REPAYMENT:-

On maturity of the bill



For further details & financing costs, please contact our nearest Large Corporate Branch

 
We have been working through your good selves for more than 6 to 7 years.
Untitled Page