UBI Services Limited (UBISL) | Housing & Vehicle loan services

Union Textile Scheme

Eligibility

All business units engaged / proposed to be engaged in manufacturing/trading of Textiles – Both New & Existing clients are eligible.
MSME Units irrespective of constitution: Individuals, Proprietorships, Partnerships (including LLP), Limited Companies, Societies, Trusts, Associations, Private & Public Ltd Cos, Co-Operative Societies registered under applicable law.
Unit must have all applicable statutory approvals / NOCs from respective departments.

Security

Working Capital: Hypothecation of stocks, Book Debts and charge over current assets of the unit.
Term Loan: Charge on all assets created out of the term loan.
BG/LC: Cash Margin, Counter Guarantee of the applicant and extension of charge on current assets, if available.
Collateral Coverage:
- Eligible accounts may be covered under CGTMSE without collateral as per existing guidelines. CGTMSE fee (incl. incidental charges) borne by the borrower.
- If not eligible/covered under CGTMSE:
  - Collateral security coverage: Minimum 50% for manufacturing units.
  - 100% for trading units of the exposure under the scheme.
  - Hybrid security under CGTMSE acceptable if stipulated collateral for uncovered exposure is maintained.
- Social Infrastructure (Hospitals, Educational Institutions, etc.) will not be accepted as collateral.

Union MSME Superfast

Eligibility

All MSME units engaged in manufacturing/service/trading activity with valid Udyam Registration.
Unit must avail credit facilities under Sole Banking arrangement only.
Internal credit rating must be CR-1 to CR-4.
Borrower must have GST registration—either Provisional (Form GSTREG-25) or Final (Form GSTREG-06).
Last 12 months of GST returns must be filed (monthly/annual), except for new MSME units which must file for at least 3 months or one quarter.
At least 80% of turnover in Current/CC accounts must be backed by sales reported in GST returns.

Security

Primary: Hypothecation of Stock & Book Debts.
Collateral: Starting from 50%, linked to internal credit rating & CMR.

Union MSE Support

Eligibility

All Micro & Small Enterprises having a valid Udyam Registration Number.
MSE units such as Individuals, Proprietorships, Partnership Concerns (including LLPs), and Limited Companies are eligible.
Trusts, HUFs, and Societies are not eligible for financing under the scheme.
For Individuals/Proprietary concerns, entry age is restricted to up to 70 years (at the time of sanction).
Applicability of the CIBIL CMR Rank as per current loan sanction policies.
The unit must have all required statutory approvals / NOCs from relevant departments/regulators.
The unit must avail the loan under Sole Banking arrangement (excluding Retail and Commercial Vehicle loans from other Banks/FIs).
Units engaged in Speculative Activities, Real Estate, or Gems & Jewellery businesses are not eligible.
Maintaining a current account with another bank is not allowed. A grace period of up to 3 months may be given by sanctioning authority to close such accounts.

Security

Primary: All assets created out of the Term Loan.
Collateral: NIL. Accounts must be covered under CGTMSE. The annual guarantee fee and incidental charges + taxes are to be borne by the borrower.

Union Yuva Shakti

Eligibility

All Micro, Small and Medium Enterprises engaged in manufacturing or service sectors with valid Udyam Registration.
Age of Individual/Proprietor should be between 18–35 years as on the date of loan sanction.
For non-individual entities (Partnership/LLP/Companies), at least 51% ownership must be held by partners/promoters/directors aged 18–35 years.
Internal Credit Rating (ICR) must not be below CR-4.
Enterprises engaged in Speculative Activities, Real Estate, or Gems and Jewellery business are not eligible.
The unit should possess all statutory approvals/NOCs from relevant departments/regulators as applicable.

Security

Primary: Hypothecation/Charge over all assets created out of bank finance (present and future).
Collateral:
- Loans up to ₹5.00 Cr are eligible for coverage under CGTMSE.
- Loans above ₹5.00 Cr may be covered under the Hybrid Model of CGTMSE.
- Annual Guarantee Fee and associated CGTMSE charges to be borne by the borrower.

Union Contractor Scheme

Eligibility

All Construction Contractors, Electrical Contractors, Mining/Railway Contractors, and Labour Contractors for manpower supply in construction, eligible as MSMEs with valid UDYAM Registration.
MSME units of any constitution (Individual, Proprietorship, Partnership, LLP, Limited Companies) having all necessary statutory licenses/NOCs are eligible.

Security

Primary: All assets created out of Bank’s finance shall be charged in favour of the Bank by way of Hypothecation/Mortgage, etc.
Collateral Coverage:
- Collateral security (immovable property and/or liquid assets like NSCs, KVPs, deposits, LIC policies, govt. securities) is required. Minimum collateral coverage:
  • Cash Credit: 75%
  • Overdraft Facility: 100%
  • Term Loan: 50%
- For BG/LC limits, minimum 50% collateral security of the credit exposure must be obtained.

Union Solar

Eligibility

All business enterprises irrespective of constitution (Individual/Proprietorship/Partnership/Companies/Trust/Association etc), excluding HUF.
CIC Score for Individual/Proprietary concerns must be minimum 700.
Solar Unit must be grid-connected and have net metering/site feasibility approval from jurisdictional DISCOM/CEIG.
Electricity cost savings post-installation should cover at least the monthly loan repayment.
Only onsite solar projects are eligible.
The property for solar installation must be owned by the borrower or under leasehold rights covering the loan tenor.
For existing borrowers, the account must not be overdue or under SMA at sanction time.

Amount

Minimum: Above ₹10 lakh
Maximum: ₹8.00 Crore

Facility / Purpose

Term Loan

Margin

20%. If collateral coverage is more than 35%, margin may be reduced to 15% at sanctioning authority's discretion.

Security

Primary: All assets created out of the Term Loan.
Collateral:
- No additional collateral required for existing/new borrowers with existing credit facilities in the bank, subject to obtaining a negative lien on existing securities.
- For New-to-Bank customers:
  - No collateral required if eligibility criteria are met.
  - Otherwise, account to be covered under CGTMSE (charges borne by borrower) or a minimum 25% collateral to be offered for any portion not covered under CGTMSE.

Union Nari Shakti

Eligibility

All Women-owned and managed MSMEs (minimum 51% shareholding by women).
Self-Help Groups (SHGs) having valid Udyam Registration.

Amount

Not specified in current documentation.

Facility / Purpose

Term Loan

Margin

5% for limits up to ₹1.00 Cr
15% for limits above ₹1.00 Cr

Security

No collateral required for limits up to ₹2.00 Cr (with CGTMSE coverage).
For limits above ₹2.00 Cr: CGTMSE hybrid model applies — minimum 25% collateral for the portion not covered under CGTMSE.

Union Equipment Finance

Eligibility

All MSME and Non‑MSME units (irrespective of line of activity) that have working capital facilities (FB/NFB including LC & BG) from our Bank.
New‑to‑Bank MSME units (all activities) and New‑to‑Bank Non‑MSME contractors with external credit rating of BBB or above.
Borrower should be in business for at least 2 years, be profit‑making, and not under SMA classification at the time of sanction. The account should not have been under SMA‑2 in the past 12 months.
New‑to‑Bank MSME borrowers (in lieu of external rating BBB+) may qualify up to ₹10 Cr, subject to meeting:
- Minimum 3 years of operation.
- Registered net profit for past three years.
- Account should not have appeared as SMA‑1 or SMA‑2 with any lender in past two years.
- CIC score of promoters/directors should be 700 or above.
- CIBIL CMR and financial benchmark ratios as per the bank’s policy.

Amount

Minimum: Above ₹10.00 lakh
Maximum: ₹50.00 Crore

Facility / Purpose

Term Loan

Margin

Minimum 5% on the cost of equipment along with DSRA of 3 months; otherwise margin will be 10%.

Security

Hypothecation of the equipment being purchased (i.e. the financed equipment itself).
No additional collateral extension or CGTMSE coverage is required.

Union Ayushman Plus

Eligibility

Hospitals, Clinics, Nursing Homes, Diagnostic Centres, Pathology Labs, etc.
Qualified Medical Practitioners in the age group of 25 to 65 years.

Amount

Maximum: ₹100.00 Crore (Term Loan + Working Capital)

Facility / Purpose

Term Loan

Margin

Equipment – 15%
Land / Construction / Renovation – 35%
(Cost of land being financed shall not exceed 50% of project cost)

Security

Nil if covered under CGTMSE.
25% for the exposure not covered under CGTMSE / Hybrid model.
No Collateral or CGTMSE coverage is required for standalone Equipment Finance to established hospitals satisfying Bank’s eligibility criteria.

Union MSME Suvidha

Eligibility

All units engaged in the Manufacturing, Services, or Trading activity eligible to be classified under MSME.
Enterprises engaged in speculative activities or real estate activities are not eligible under this scheme.

Amount

Minimum: Above ₹10 lakh
Maximum: Up to ₹50.00 Crore (Overdraft – ₹5.00 Crore)

Facility / Purpose

Term Loan

Margin

Fund-Based Working Capital (FBWC):
20% on stock (excluding dead stock) and book debts aged up to 90 days

Non-Fund Based Working Capital (NFBWC):

NFBWC – 25% (Cash/FDR)
Margin in LC and BG may be reduced by the delegated authority as per the Bank's loan policy.

Term Loan:

Plant & Machinery / Equipment – 25%
Land & Building / Building / Others – 35%

Security

Primary: All assets created out of Bank’s finance shall be charged in favour of the Bank by way of Hypothecation or Mortgage.

Security Coverage:

Minimum 75% (125% for OD facility) of the loan amount via immovable properties or liquid assets like NSCs, KVPs, Deposits, LIC policies, or Govt. Securities.
Immovable property (fully constructed, ready for mortgage, and procured via Term Loan for business use) can be considered toward security coverage—no additional collateral required.
Properties related to agriculture, educational institutions, hospitals, or religious trusts are not accepted as security.
1.5x weightage for clearly defined liquid securities may be considered for pricing purposes only.

Union GST Gain

Eligibility

All MSME units engaged in manufacturing, service, or trading activity with Udyam Registration.
Units availing credit facilities under Sole Banking arrangement only.
To secure internal credit rating CR-1 to CR-4.
Borrower should possess requisite GST registration: Provisional (Form GSTREG-25) or Final (Form GSTREG-06).
Must have filed GST returns for the last 12 months (monthly or annual), except newly established MSMEs which require minimum 3 months (monthly) or one quarter (quarterly) filing.
Minimum 80% of turnover in Current/CC accounts should align with sales declared in GST returns.

Amount

Minimum: Above ₹10 lakh
Maximum: ₹5.00 Crore

Facility / Purpose

Working Capital

Margin

20%

Security

Primary: Hypothecation of stock & book debts.
Collateral: Starting from 50%, linked to internal rating & CMR.

Union Lap Property

Eligibility

All business enterprises irrespective of constitution (Proprietorship, Partnership, Companies, Trust, Association, etc.) except individuals and HUF, engaged in business activity for a minimum of last two years.
Enterprises engaged in speculative activities or real estate activities are not eligible for finance under this scheme.

Amount

Minimum: ₹0.10 Crore
Maximum: ₹10.00 Crore

Facility / Purpose

Term Loan

Margin

50% of the Net Realisable Value (NRV) of the property as per valuation report.
Value of the property should be at least 200% of the proposed loan amount.

Security

No specific details provided.

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