Union Bank of India - Business Loans
Overview
Union Bank of India offers a range of business loans to help entrepreneurs and business owners achieve their financial goals. Whether you need funds for expanding your business, purchasing new equipment, or meeting working capital requirements, Union Bank of India has a loan product to suit your needs.
Types of Business Loans
- Term Loans: Get funds for long-term investment in your business
- Working Capital Loans: Meet your day-to-day operational expenses with flexible working capital loans
- Equipment Financing: Purchase new equipment or machinery for your business with specialized equipment loans
- Commercial Vehicle Loans: Finance the purchase of commercial vehicles for your business
- Trade Loans: Expand your business globally with trade finance solutions
Eligibility Criteria
To apply for a business loan from Union Bank of India, you must meet the following eligibility criteria:
- Indian resident or registered business entity
- Minimum age of 21 years
- Good credit history and financial stability
- Satisfactory business performance
Documents Required
The following documents are typically required when applying for a business loan from Union Bank of India:
- Identification proof
- Address proof
- Business registration documents
- Financial statements
- Income tax returns
- Business plan
Interest Rates and Fees
Interest rates and fees for Union Bank of India business loans vary based on the loan product, amount, and repayment term. It is recommended to contact the nearest branch or visit the official website for updated information on interest rates and fees.
How to Apply
You can apply for a business loan from Union Bank of India by visiting your nearest branch or submitting an online application through the official website. Make sure to have all the required documents and information ready to expedite the application process.
Contact Information
For more information about Union Bank of India business loans, you can contact the customer service team at +91-22-25754941 or visit the official website at www.unionbankofindia.co.in
