Are you a trader finding it difficult to expand your business? Interested in easy loans? Here comes United Bank of India with United Trade Credit Scheme to help you.
All types of traders- retailers/ wholesalers engaged in trading of commodities including readymade garments, medicines and other merchandise or acting as distributors/ dealers of consumer goods, automobiles, etc. are eligible for this credit line.
Purpose of Loan :
Working capital as well as Block Capital finance for the purpose of business in the form of overdraft or Term Loan.
If you are an existing trader/ business person/ service provider operating and earning profit for at least two years, you may apply for the loan. If you are engaged in trade/ business/ service with any other activity like agriculture, manufacturing, construction or exports etc. you are also eligible for the scheme.
Quantum of Loan :
The inventories, receivables and other available movable fixed assets shall also be hypothecated to the Bank as collaterals.
AND / OR
20% against Bank’s Term Deposit, NSC, KVP and LIP (surrender value), both for term loan and overdraft facility.