Union bank mudra loan

Union Mudra 1. Eligibility All Micro enterprises engaged in manufacturing, trading and service sector including professionals (like CA/ICWA/CS/Architect/Medical professionals etc) will be eligible under the scheme. 2. Purpose • Need based term loan / CC Limit / Composite loan to eligible borrowers for acquiring capital assets and / or working capital marketing related requirements. • Term loan / CC Limit / Composite loan to be provided only for income generating small business activities and not for consumption purposes. 3. Quantum of Finance - Maximum limits upto Rs.10.00 lacs can be sanctioned to meet need based requirement.Mudra loan are categorized as under depending on exposure. Shishu Loan amount upto Rs.50,000/- Kishore Loan amount exceeding Rs.50,000/-and upto Rs.5.00 lacs Tarun Loan amount exceeding Rs.5.00 lacs and upto Rs.10.00 lacs 4. Margin Minimum Margin under Union Mudra is as under: • 5% for loans falling under the Shishu loan category. • 10% for loans falling under the Kishore loan category. • 25% for loans falling under the Tarun loan category. 5. Interest Rate • The Rate of Interest would be as per the extant interest rate circular of our Bank. • The Rate of Interest in case of PMMY accounts under agri allied activities / OD in PMJDY accounts covered under CGFMU shall be as per the extant guidelines. 6. Documentation Charges Flat Rs.500 + actual stamp duty, if any (Out of pocket expenses to be recovered by the Bank) 7. Facility Composite Loan. Term Loan ...

Please Note: Union Bank of India is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only. Union Bank of India is a government-owned bank that offers Mudra loans, in addition to its other banking and financial products and services. The bank offers Mudra (Micro Units Development and Refinance Agency) loans at an interest rate of 10.30% p.a. onwards. Mudra loans are Union Bank of India Mudra Loan Interest Rates Interest Rate 10.30% p.a. onwards Loan Amount Maximum up to Rs. 10 lakh, Minimum has no limit Repayment Tenure Up to 7 years, moratorium period of 6 months Processing Fee Nil Collateral/Security Not required Prepayment Charges Nil Margin 5% for loans falling under the ‘Shishu’ loan scheme 10% for loans falling under the ‘Kishore’ and ‘Tarun ‘loan scheme. Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges. Comparison of Interest Rates on Business Loan Offered by Top Banks Bank/NBFCs Interest Rate 14.95% - 19.20% p.a. 9.75% - 30% p.a. 1% per month onwards Up to 36% p.a. 10% - 22.50% p.a. 10.50% p.a. onwards 1.50% per month onwards 16% - 26% p.a. 12% - 27% p.a. 2% per month onwards 19% - 24% p.a. 12% p.a. onwards 14.90% p.a. Shishu Loan Scheme: Loans up to Rs. 50,000 (For new businesses)The • Kishor Loan Scheme: Loans from Rs. 50,001 to Rs. 5,00,000 (For new and existing enterprises) • Tarun Loa...

Union Bank Mudra Loan 2023: आज की पोस्ट में हम आपको यूनियन बैंक ऑफ इंडिया प्रधानमंत्री मुद्रा लोन के बारे में महत्वपूर्ण और आवश्यक जानकारी प्रदान करेंगे। केंद्र सरकार और राज्य सरकार समय-समय पर जनता की भलाई के लिए कई तरह के कार्यक्रम चलाती हैं। हर कोई सरकारी नौकरी के लिए आवेदन करता है, लेकिन कई छात्र और लोग अपना खुद का व्यापार शुरू करने की इच्छा रखते हैं। लेकिन पैसे की कमी के कारण वे इसे पूरा नहीं कर पाते थे। union bank mudra loan mudra loan online apply mudra loan application form mudra loan interest rate loan app What's in this post? • • • • • • Union Bank Mudra Loan 2023 केंद्र सरकार द्वारा प्रदान किया गया प्रधानमंत्री मुद्रा ऋण कार्यक्रम एक ऐसा उपाय है जिसके माध्यम से युवा और अन्य लोग अपने व्यवसाय की शुरुआत करने के लिए सक्षम हो सकते हैं। इस कार्यक्रम के तहत, केंद्र सरकार उन व्यक्तियों को कम ब्याज पर बैंक ऋण प्रदान करती है जो अपना व्यवसाय आरंभ करना चाहते हैं। यह ऋण लाभार्थी को 50,000 से 10 लाख रुपये तक का लोन प्रदान करता है। इस ऋण की प्राप्ति की योग्यता व्यक्ति के कंपनी की स्थिति के आधार पर निर्धारित की जाती है। क्या है Union Bank of India Mudra Loan यदि कोई व्यक्ति एक कंपनी शुरू करना चाहता है, तो उसे 50,000 रुपये का ऋण (तत्काल लोन) उपलब्ध किया जाता है। इस कार्यक्रम के तहत, व्यक्ति को 10 लाख रुपये (या 10 लाख रुपये का ऑनलाइन लोन) प्रदान किया जाता है। यह कार्यक्रम देशभर में 25 माइक्रोफाइनेंस संस्थानों, 23 क्षेत्रीय ग्रामीण बैंकों, 27 सार्वजनिक क्षेत्र के बैंकों और 17 निजी बैंकों को शामिल करता है। यूनियन बैंक ऑफ इंडिया भी इनमें से एक है। Union Bank Mudra Loan: Eligibility C...

Union Bank of India is a nationalized bank of India. It was established on 11th November 1919 and it’s headquartered in Mumbai. The Bank offers various types of banking and financial products to its customers such as savings accounts, credit cards, fixed deposits, home loans, business loans, MSME loans, personal loans, debit cards, car loans, gold loans, etc. Union Bank is also offering UBI Mudra… Category : • • CBDC Digital Rupees

The Pradhan Mantri MUDRA Yojana or PMMY as the acronym goes, is a micro financing scheme that is meant for small industries that do not get ample amount of support from banks and other financial institutions due to lack of security and experience in business. The MUDRA Loan scheme is regulated by the Micro Units Development and Refinance Agency and can offer loans up to INR 50 lakhs to the trade bodies that need it. Categories of MUDRA Loans • Shishu MUDRA Loan– The beginner level loan option that can offer a loan amount of up to INR 50000 is the go to loan that can be taken up by almost any organisation to meet short term financial needs. It can bridge investment gaps, shortfalls in manufacturing processes or even for buying office appliances • Kishore MUDRA Loan– This loan is a more versatile loan with a higher loan limit of up to INR 5 lakhs. The loans taken as per this can form the basis of any small business that needs urgent financing with respect to enhancing infrastructure and fulfilling manufacturing or production needs • Tarun MUDRA Loan– The Tarun variant of the MUDRA loan allows for the maximum credit amount of INR 50 lakhs. Loans through this can easily serve as start-up funding for small to mid-size businesses that have plans for opening up in multiple locations. Popular Banks offering Business Loans under Pradhan Mantri Mudra Yojana (PMMY) The banks that are officially approved to offer • Scheduled Commercial Banks – • Must be either public sector or private...

Bank Interest rate Tenure Linked to MCLR 1-5 years Linked to Bank’s Base Rate and Rating 1-5 years 8.85% p.a. onwards At the discretion of the bank 9.65% p.a. At the discretion of the bank As per bank guidelines At the discretion of the bank 7.30% p.a. onwards At the discretion of the bank HDFC Bank As per bank guidelines At the discretion of the bank Canara Bank As per bank guidelines Up to 7 years Central Bank As per bank guidelines At the discretion of the bank Allahabad Bank As per bank guidelines 1-5 years Bank of Maharashtra 9.25% p.a. At the discretion of the bank Bank of India Linked to MCLR 1-7 years Vijaya Bank 9.65% p.a. (Merged with Bank of Baroda) At the discretion of the bank Oriental Bank of Commerce As per bank guidelines At the discretion of the bank Tamilnad Mercantile Bank 8.95% p.a. onwards 1-7 years Name of Scheme Loan Amount Shishu Up to Rs.50,000 Kishor Rs.50,000 to Rs.5 lakh Tarun Rs.5 lakh to Rs.10 lakh FAQs on Mudra Loan Interest Rate • Why are the interest rates of mudra loan different for different institutions? MUDRA loans are unsecured in nature as no collaterals are required to avail the loan. This is a reason why interest rates vary from institution to institution as every organization calculates the risk factor on its own and establishes rates accordingly. • What does the MUDRA application form look like? For the starting category of Shishu Loans, a 1-page application form needs to be duly filled and submitted. For Kishor and Tarun categori...

Union Bank Mudra Loan 2023: आज की पोस्ट में हम आपको यूनियन बैंक ऑफ इंडिया प्रधानमंत्री मुद्रा लोन के बारे में महत्वपूर्ण और आवश्यक जानकारी प्रदान करेंगे। केंद्र सरकार और राज्य सरकार समय-समय पर जनता की भलाई के लिए कई तरह के कार्यक्रम चलाती हैं। हर कोई सरकारी नौकरी के लिए आवेदन करता है, लेकिन कई छात्र और लोग अपना खुद का व्यापार शुरू करने की इच्छा रखते हैं। लेकिन पैसे की कमी के कारण वे इसे पूरा नहीं कर पाते थे। union bank mudra loan mudra loan online apply mudra loan application form mudra loan interest rate loan app What's in this post? • • • • • • Union Bank Mudra Loan 2023 केंद्र सरकार द्वारा प्रदान किया गया प्रधानमंत्री मुद्रा ऋण कार्यक्रम एक ऐसा उपाय है जिसके माध्यम से युवा और अन्य लोग अपने व्यवसाय की शुरुआत करने के लिए सक्षम हो सकते हैं। इस कार्यक्रम के तहत, केंद्र सरकार उन व्यक्तियों को कम ब्याज पर बैंक ऋण प्रदान करती है जो अपना व्यवसाय आरंभ करना चाहते हैं। यह ऋण लाभार्थी को 50,000 से 10 लाख रुपये तक का लोन प्रदान करता है। इस ऋण की प्राप्ति की योग्यता व्यक्ति के कंपनी की स्थिति के आधार पर निर्धारित की जाती है। क्या है Union Bank of India Mudra Loan यदि कोई व्यक्ति एक कंपनी शुरू करना चाहता है, तो उसे 50,000 रुपये का ऋण (तत्काल लोन) उपलब्ध किया जाता है। इस कार्यक्रम के तहत, व्यक्ति को 10 लाख रुपये (या 10 लाख रुपये का ऑनलाइन लोन) प्रदान किया जाता है। यह कार्यक्रम देशभर में 25 माइक्रोफाइनेंस संस्थानों, 23 क्षेत्रीय ग्रामीण बैंकों, 27 सार्वजनिक क्षेत्र के बैंकों और 17 निजी बैंकों को शामिल करता है। यूनियन बैंक ऑफ इंडिया भी इनमें से एक है। Union Bank Mudra Loan: Eligibility C...

Please Note: Union Bank of India is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only. Union Bank of India is a government-owned bank that offers Mudra loans, in addition to its other banking and financial products and services. The bank offers Mudra (Micro Units Development and Refinance Agency) loans at an interest rate of 10.30% p.a. onwards. Mudra loans are Union Bank of India Mudra Loan Interest Rates Interest Rate 10.30% p.a. onwards Loan Amount Maximum up to Rs. 10 lakh, Minimum has no limit Repayment Tenure Up to 7 years, moratorium period of 6 months Processing Fee Nil Collateral/Security Not required Prepayment Charges Nil Margin 5% for loans falling under the ‘Shishu’ loan scheme 10% for loans falling under the ‘Kishore’ and ‘Tarun ‘loan scheme. Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges. Comparison of Interest Rates on Business Loan Offered by Top Banks Bank/NBFCs Interest Rate 14.95% - 19.20% p.a. 9.75% - 30% p.a. 1% per month onwards Up to 36% p.a. 10% - 22.50% p.a. 10.50% p.a. onwards 1.50% per month onwards 16% - 26% p.a. 12% - 27% p.a. 2% per month onwards 19% - 24% p.a. 12% p.a. onwards 14.90% p.a. Shishu Loan Scheme: Loans up to Rs. 50,000 (For new businesses)The • Kishor Loan Scheme: Loans from Rs. 50,001 to Rs. 5,00,000 (For new and existing enterprises) • Tarun Loa...

Bank Interest rate Tenure Linked to MCLR 1-5 years Linked to Bank’s Base Rate and Rating 1-5 years 8.85% p.a. onwards At the discretion of the bank 9.65% p.a. At the discretion of the bank As per bank guidelines At the discretion of the bank 7.30% p.a. onwards At the discretion of the bank HDFC Bank As per bank guidelines At the discretion of the bank Canara Bank As per bank guidelines Up to 7 years Central Bank As per bank guidelines At the discretion of the bank Allahabad Bank As per bank guidelines 1-5 years Bank of Maharashtra 9.25% p.a. At the discretion of the bank Bank of India Linked to MCLR 1-7 years Vijaya Bank 9.65% p.a. (Merged with Bank of Baroda) At the discretion of the bank Oriental Bank of Commerce As per bank guidelines At the discretion of the bank Tamilnad Mercantile Bank 8.95% p.a. onwards 1-7 years Name of Scheme Loan Amount Shishu Up to Rs.50,000 Kishor Rs.50,000 to Rs.5 lakh Tarun Rs.5 lakh to Rs.10 lakh FAQs on Mudra Loan Interest Rate • Why are the interest rates of mudra loan different for different institutions? MUDRA loans are unsecured in nature as no collaterals are required to avail the loan. This is a reason why interest rates vary from institution to institution as every organization calculates the risk factor on its own and establishes rates accordingly. • What does the MUDRA application form look like? For the starting category of Shishu Loans, a 1-page application form needs to be duly filled and submitted. For Kishor and Tarun categori...

Union Mudra 1. Eligibility All Micro enterprises engaged in manufacturing, trading and service sector including professionals (like CA/ICWA/CS/Architect/Medical professionals etc) will be eligible under the scheme. 2. Purpose • Need based term loan / CC Limit / Composite loan to eligible borrowers for acquiring capital assets and / or working capital marketing related requirements. • Term loan / CC Limit / Composite loan to be provided only for income generating small business activities and not for consumption purposes. 3. Quantum of Finance - Maximum limits upto Rs.10.00 lacs can be sanctioned to meet need based requirement.Mudra loan are categorized as under depending on exposure. Shishu Loan amount upto Rs.50,000/- Kishore Loan amount exceeding Rs.50,000/-and upto Rs.5.00 lacs Tarun Loan amount exceeding Rs.5.00 lacs and upto Rs.10.00 lacs 4. Margin Minimum Margin under Union Mudra is as under: • 5% for loans falling under the Shishu loan category. • 10% for loans falling under the Kishore loan category. • 25% for loans falling under the Tarun loan category. 5. Interest Rate • The Rate of Interest would be as per the extant interest rate circular of our Bank. • The Rate of Interest in case of PMMY accounts under agri allied activities / OD in PMJDY accounts covered under CGFMU shall be as per the extant guidelines. 6. Documentation Charges Flat Rs.500 + actual stamp duty, if any (Out of pocket expenses to be recovered by the Bank) 7. Facility Composite Loan. Term Loan ...