Small & Medium Enterprise
UGB provide loan to shopkeeper for opening of office, showroom, training centre and service centre, workshop.Small enterprise
A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore.Medium Enterprise
A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs. 5 crore but not more than 10 crore.Purpose
- For purchasing of new & old shop, office, showroom.
- For maintenance & reconstruction of shop.
- For purchasing of material and electrical material for shop and office.
- For small business unit, small business enterprises, professional, self employed person whose last two years transaction is satisfactory.
Quantum of amount
- Maximum amount 1000000/-
- 75% of market value, in case of purchasing new property.
- 60% of market value, in case of purchasing old property which is more than 15 years old.
- Minimum DSCR should be not more than 1.75.
- For small businessman, small business enterprises, transport operators According to borrower�s needs. 50% of net annual income ,in case of self employed.
Margin
- 25% of market value, in case of purchasing new property.
- 40% of market value, in case of purchasing old property.
Rate of Interest
Gestation
- Period 2 month
Repayment
- Min.36 month and Max.84 month.
For more details please contact to nearest Branch's Branch Manager