Union Bank MUDRA Loan
About This Loan
Union Bank of India offers MUDRA loans across Shishu, Kishore, and Tarun categories for micro entrepreneurs. The bank has a strong focus on rural and semi-urban lending with dedicated MSME loan officers at every branch. Quick processing and digital-first application.
Maximum Amount
₹10,00,000
Interest Rate
9.80% – 13% p.a.
Tenure
Up to 5 years
Collateral
Nil
Processing Fee
Nil (Shishu) / 0.50% (Kishore & Tarun)
Eligibility
Indian citizen with viable non-farm business plan; KYC compliant; no default history.
Application Process
- 1Visit Union Bank branch or apply via unionbankofindia.co.in
- 2Submit application with supporting documents
- 3Branch processes and sanctions within 7-21 days
Documents Required
- Loan application form
- Aadhaar and PAN card
- Business plan or project brief
- Bank statements (for Kishore/Tarun)
- Business proof / Udyam Registration
Official Links
Related Government Schemes
Disclaimer
This information is sourced from publicly available bank and financial institution websites. EduMetrics is not a financial advisor or lending institution and does not guarantee the accuracy of interest rates, eligibility criteria, or loan terms. Please verify all details with the respective bank before applying.