Fixed interest rates remain unchanged throughout the loan tenure irrespective of market conditions. Floating rate, on the other hand, increases or decreases as per the market changes. Union MSME Suvidha offers a floating rate of interest linked to EBLR.

Yes, Union MSME Suvidha offers an in-built top-up facility as long as the branch/sanctioning authority considers it. The top-up can be availed with a maximum limit of 20% of the stipulated limit (term loan, non-fund-based/fund-based venture financing), subject to a maximum of Rs. 5.00 Crore.

The quantum of loan ranges from ₹ 10 lakh to ₹ 50 crore with overdraft facility limit being ₹ 5 crore.