United Bank of India Business Loan

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About United Bank of India Business Loan

United Bank of India Business LoanUnited Bank of India is the most diversifed bank in the country and is the largest financier of consumer durables in India. 

For self-employed people, the bank has launched a special Product “Business Loan” for all short term and long term requirements. The loan is an Unsecured Business Loan or Debt i.e. you do not need to provide any security or collateral for availing the loan.

Large Scale Business with turnover more than Rs. 50 Lacs are given special offers on Interest Rates.

Loans are provided to Self Employed Individuals, Sole proprietors, Partnership firms, Private Limited Companies and many more… 

People looking for Business Loan in the following sectors can apply:

  • Manufacturer
  • Trader
  • Service Provider
  • Software Company
  • IT Company
  • Small Business
  • SME
  • Startups
  • Others

Features of United Bank of India Business Loan:

  • Business Loan for all your Business needs.
  • Quick Approval within 24 hrs.
  • No hidden costs for availing United Bank of India Business Loan.
  • Attractive Business Loan Interest Rates.

  Eligibility for United Bank of India Business Loan:

    Self Employed People are eligible for availaing Unsecured Business Finance. The eligibility criteria     is calculated on the following norms: 

  • Minimum age: 26 Years & Maximum Age at loan maturity: 60 Years
  • Minimum Turnover in Business: Rs 75 lacs
  • Minimum Income (annual):Rs. 5 lacs
  • Minimum Experience in Business: Minimum 3 years experience in the current business and total 5 years business experience. Business must be continuously making a profit from last 2 years.
  • Business should be filling 2 Lacs ITR per annum.
  • Minimum Loan amount available: Rs. 1 lakh
  • Maximum loan amount available: Rs. 30 lacs.
  • Loan Tenure:  12 – 48 months

Documents Required:

  • Identity Proof (Passport Copy/ Voters ID Card/ Driving License)
  • Proof of Address (Ration Card/ Telephone Bill/ /Electricity Bill/ Passport)
  • Bank Statements (latest 6 months bank statement /passbook)
  • Latest ITR, along with computation of income
  • Balance Sheet & P&L Account for the last 2 Yrs, certified by a CA
  • Qualification Proof of the Highest Professional Degree
  • Proof of Continuation (Trade license /Establishment /Sales Tax Certificate)
  • Other Mandatory Documents (Sole Proprietorship – Declaration, Partnership – Copy of Partnership Deed, Apart from Copy of MOA, AOA & Board Resolution)
  • Two passport size photographs.

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