Union Bank of India- Product

Search

Home You are here : path  Products path Personal path Land Reclamation and Development

image   LAND RECLAMATION & DEVELOPMENT

Features

Loan for Land Reclamation and Development provides hassle-free finance for land leveling, reclamation, bunding, and other soil conservation developmental activity.
Eligibility:-
Farmers having own land or cultivating Registered leased land.
Quantum of loan:-
As per NABARD, the quantum of loan depends on the unit cost with applicable margins.
Margin:-
Up to Rs.25,000                                            -- Nil
Above Rs.  25,000/- and upto Rs. 50,000/-       -- 5  to  10 %
Above Rs. 50,000/-                                       -- 10% to 15%.
Rate of Interest And Processing charges:-
Please click here to know our latest rate of interest
Security Documents
DPN, Mortgage of Land and/or third party guarantee.
Repayment:-
3 to 5 years (Moratorium is permitted, to coincide with harvesting of crops/marketing of produce).

Forms & Documents

FAQs


union

union

  • Rewarded

    Rewarded

    Earn reward points on transactions made at POS and e-commerce outlets

  • Book your locker

    Book your locker

    Deposit lockers are available to keep your valuables in a stringent and safe environment

  • Financial Advice?

    Financial Advice?

    Connect to our financial advisors to seek assistance and meet set financial goals.

  • ATM & Branch Network

    ATM & Branch Network

    Find UBi Branches and ATMs in proximity to your location.