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Insurance cover for export to other countries

We provide various services for our customers, ranging from an Exchange Rate feed over Reuters, to online DGFT payments.

Bank extends FCL to Indian corporate to meet Working Capital requirements in substitution of WCDL and conversion of Rupee Term Loan to FCTL. .
Working capital (FCL)   for exporter/importer  is provided  for a period of 180   days.

  • In substitution to WCDL/Cash Credit 3-6 months
  • Importer of capital goods  - 3 years
  •  In case of term Loan Conversion – 3 years

Rate of interest  is linked to LIBOR payable on monthly basis.

Union Bank of India provides importers Buyer’s credit from our overseas branches at Hongkong, Dubai, Sydney and our subsidiary at London against SBLC/Foreign Bank Guarantee issued by our bank. Rate of interest and commission charged are very competitive.
Union Bank of India provides Buyer’s credit for Non Capital goods for 1 year and 3 years for import of capital goods

For any clarification, customers may contact us at the following address/contact number

Domestic Foreign Business
Office no. 28
2nd Floor, Mittal Chambers
Jamnalal Bajja Road
Nariman Point
Mumbai-400021
Email: dfb.tradefinance@unionbankofindia.com , dfb.business@unionbankofindia.com