Union Bank of India- Product
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image   Loan Under ECLGS 4.0 for Healthcare Sector

Loan Under ECLGS 4.0 for Healthcare Sector

1.

Eligibility

Eligible borrower under ECLGS 4.0 means existing Hospitals/nursing homes/clinics/medical colleges borrower having credit facility with days past due upto 90 days as on March 31, 2021

2.

Purpose

For setting up low cost technologies like Pressure Swing Adsorption etc. for onsite oxygen generation.

3.

Facility

Term Loan and / or Non-Fund Based [Letter of Credit- CAPEX].

4.

Quantum of Finance

Maximum: Rs 2.00 Crore.

5.

Assessment

For TL facility & NFB: As per norms prescribed by Bank.

6.

Margin

NIL

7.

Charges

Processing Charges, Guarantee Fee & Other Charges - NIL

8.

Interest Rate

MSME: EBLR + 1.00%, with upper cap of 7.50% p.a.

Others: 1 Yr MCLR + 1.00%, with upper cap of 7.50% p.a.

9.

Security

Shall rank second charge with the existing credit facilities in terms of cash flows (including repayments) and security

Collateral: NIL

10.

Guarantee

100% Guarantee to be provided by NCGTC

11.

Tenor & Repayment

Tenor of facilities shall be for a maximum period of 5 years with moratorium of 6 months from the date of first disbursement of fund based facility or first date of utilization of non-fund based facility

12.

Validity

For sanction – 30.09.2021

For disbursement – 31.12.2021