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Micro enterprises are offered loans under Pradhan Mantri Mudra Yojana by Union Bank of India. Micro enterprises, particularly those in the trading, manufacturing and service sector in urban, rural and metro areas will be offered loans by the bank.
Here’s why choosing Union Bank of India Mudra Loan to finance your business is advantageous:
Mudra loan by Union Bank of India is offered with competitive interest rates. It is in the range of Base Rate (at present 9.65%) to Base Rate +1.50%.
As a borrower, one need not worry about putting up a collateral because loans covered under MUDRA yojana do not need collateral. Further, the friendly customer care service providers make sure that customers are taken care of throughout the process by handholding them through all the steps.
Loans are divided into three categories based on the loan amount:
While assets which are created out of the bank loan is to be charged with the bank, borrowers do not need to put up a collateral for other loans.
The following documents need to be submitted towards the security documents:
One can find common loan application form on the official website of the bank.
Pradhan Mantri Mudra Yojana Loan by Union Bank of India is offered with competitive interest rates. It is in the range of Base Rate (at present 9.65%) to Base Rate +1.50%.
Loans are divided into three categories based on the loan amount:
The following documents need to be submitted towards the security documents:
One can find common loan application form on the official website of the bank.
Micro enterprises are offered loans under Pradhan Mantri Mudra Yojana Loan by Union Bank of India. Micro enterprises, particularly those in the trading, manufacturing and service sector in urban, rural and metro areas will be offered loans by the bank.
A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.
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