United Bank of India Laghu Udhyami Credit Card helps small businesses, artisans, retail traders, small scale industries, village industries, professionals, self- employed individuals, etc. by providing them with money on credit as working capital. They can use this money for purchasing raw materials, equipment, etc. for their businesses. They can also avail a loan of up to Rs.10 Lakhs at very competitive rates of interest under this scheme, which has to be repaid to the bank within a fixed period of time.
| Type | Amount |
|---|---|
| Maximum Loan Amount | Rs.10, 00, 000 |
| Margin on Loan | 25 percent of the credit limit |
To get more information about the eligibility criteria, please contact United Bank of India.
Yes, the United Bank of India Laghu Udhyami Credit Card requires a security.
The limit on United Bank of India Laghu Udhyami Credit Card is valid for 3 years and depends on the performance of the account determined during the annual review.
You have to repay the term loan in a period of 3 years.
You have to submit the financial statements every year to the bank only if you renew a limit of more than Rs.2, 00, 000. If the renewal limit is up to Rs.2, 00, 000, then you do not have to provide any financial statements.
Yes, the bank will provide a cheque book with the United Bank of India Laghu Udhyami Credit Card.
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