Eligibility
Individuals engaged in the Non-farm Entrepreneurial activity all over the country.
Purpose
To cover general credit needs of individuals for entrepreneurial activity in the Non-Farm sector all across the country.
Quantum of Finance
Maximum loan limit up to Rs.50,000/-or below, based on the repayment capacity of the borrower as assessed by the Branch Head.
Margin
Nil
Facility
The borrowers would be eligible for availment of credit facilities under ‘Union General Credit Card’ Scheme without any insistence on security/ collateral security, and purpose. The borrower may use part or entire credit facility for consumption needs.
Service Charges
Nil
Repayment
To be repaid in a maximum period of 60 months
Credits – Union Bank of India