Union Bank of India- Product

Search

Home You are here : path  Products path Personal path Union Start up

Image UNION START-UP

S.No.

Particular

Details *

1.

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).

2.

Purpose

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.

3.

Nature of Facilities

Term Loan and / or Working capital

4.

Quantum of Finance

Minimum: Rs.0.10crore
Maximum: Rs.5.00crore

5.

Margin

20%  (Working capital as well as Term Loan)

6.

Interest rate

Concession over applicable rate of interest

7.

Processing Charges

Nil

8.

Security

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.

9.

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.  

*Conditions apply, for further details, please visit our nearest Branch.


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 PNB Branches and ATMs in proximity to your location.