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Business, & agriculture finance

Union Suvidha

working-capital and term-loan facility from ₹10 lakh to ₹50 crore, with a top-up facility and -linked floating rate.

Facility amountUnion MSME Suvidha ₹10 lakh–₹50 crore, with overdraft limit up to ₹10 crore; Union Progress up to ₹2 crore; Superfast and MSE Support amount not published on reviewed page/rate sheetRateEBLR-linked floating rates with scheme/rating/security spreads. Suvidha rate sheet: 1.35% over EBLR for ₹10–₹50 lakh with 75–100% security and 1.25% above 100%; above ₹50 lakh to ₹5 crore, 0.40%–1.15% over EBLR by CR/UBC rating and security. Superfast: 1.10% over EBLR up to ₹25 lakh, 1.25% above ₹25–₹50 lakh; above ₹50 lakh CR1 0.85% to CR4 1.35%. Progress: card rates for advances.Customer typeMSME manufacturing, service and trading units; Progress is for Micro and Small Enterprises; Superfast requires Udyam/GST and sole-banking arrangement; MSE Support targets Micro and Small Enterprises
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Quick eligibility check

Union Suvidha

0 of 8 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: MSME manufacturing, service and trading units?

Published source: Customer type

2Do you meet this requirement: Progress is for Micro and Small Enterprises?

Published source: Customer type

3Do you meet this requirement: Superfast requires Udyam/GST and sole-banking arrangement?

Published source: Customer type

4Do you meet this requirement: MSE Support targets Micro and Small Enterprises?

Published source: Customer type

5Can you provide this required proof: KYC, constitution/authorised-signatory documents, Udyam/MSME/GST records and financial/banking documents?

Published source: Documents

6Document checkDo you have this required document or proof: KYC and constitution documents?

Published source: Documents

7Document checkDo you have this required document or proof: Udyam/MSME, GST, financial statements and business proof as applicable?

Published source: Documents

8Document checkDo you have this required document or proof: Bank-prescribed loan application and security documents?

Published source: Documents
0 of 8 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 4 Sept 2026 · active
Offered byUnion Bank of India

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Customer typeMSME manufacturing, service and trading units; Progress is for Micro and Small Enterprises; Superfast requires Udyam/GST and sole-banking arrangement; MSE Support targets Micro and Small EnterprisesView source
The official catalogue and product pages identify the intended / customer segments.
Source
Products & Schemes for
Page / section
product catalogue and linked eligibility
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Turnover / vintageSuperfast requires regular GST return history (12 months, or minimum 3 monthly/one quarterly return for new units), 80% GST-sales alignment and valid Udyam/GST; other reviewed schemes publish MSME/MSE classification rather than a universal turnover thresholdView source
Superfast page publishes -history and turnover-alignment conditions; other reviewed product pages do not print one numeric turnover threshold.
Source
Union Superfast Based Business Loan
Page / section
Eligibility
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Facility amountUnion MSME Suvidha ₹10 lakh–₹50 crore, with overdraft limit up to ₹10 crore; Union Progress up to ₹2 crore; Superfast and MSE Support amount not published on reviewed page/rate sheetView source
Suvidha and Progress pages publish the numeric limits; no amount is printed for Superfast or Support in the reviewed sources.
Source
Union Suvidha
Page / section
Quantum of loan
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
RateEBLR-linked floating rates with scheme/rating/security spreads. Suvidha rate sheet: 1.35% over EBLR for ₹10–₹50 lakh with 75–100% security and 1.25% above 100%; above ₹50 lakh to ₹5 crore, 0.40%–1.15% over EBLR by CR/UBC rating and security. Superfast: 1.10% over EBLR up to ₹25 lakh, 1.25% above ₹25–₹50 lakh; above ₹50 lakh CR1 0.85% to CR4 1.35%. Progress: card rates for advances.View source
The official rate sheet publishes the scheme-specific spreads and states that figures include the additional credit-risk premium where noted.
Source
Rate of Interest for Loans
Page / section
Annexure II, pages 4–5 and 10–12
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
TenureNo single universal tenure is published on the reviewed Suvidha, Superfast, Progress or MSE Support pages; sanctioned term-loan/working-capital period is facility- and assessment-dependentView source
The reviewed catalogue and linked pages describe facility types and repayment modes but do not print one universal tenure range for these schemes.
Source
Products & Schemes for
Page / section
Complete tenure review
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
CollateralSuvidha and Progress publish collateral/CGTMSE conditions; Progress has no collateral up to ₹10 lakh and CGTMSE cover up to ₹2 crore; Superfast has collateral-free option subject to CGTMSE; MSE Support's objective is collateral-free financeView source
The product pages and rate sheet publish scheme-specific collateral and conditions.
Source
Union Progress Scheme
Page / section
Benefits and security
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
FeesProduct-specific processing charges are not printed on the reviewed product summaries; applicable Union Bank MSME schedule and sanction advice control feesView source
The reviewed pages publish rate, security and facility information but no standalone processing-fee amount for these four products.
Source
Products & Schemes for
Page / section
Complete fee review
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
DocumentsKYC, constitution/authorised-signatory documents, Udyam/MSME/GST records and financial/banking documents; exact checklist varies by entity and facilityView source
The pages require Udyam/ and business records for the relevant schemes; Union Bank's exact checklist is facility-specific.
Source
Union Superfast Based Business Loan
Page / section
Eligibility and assessment
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsIndia; applications and sanction subject to Union Bank branch and digital MSME channelsView source
Union Bank presents these schemes for eligible Indian business units through its channels.
Source
Products & Schemes for
Page / section
Product availability
Accessed
4 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Fund-based and non-fund-based working capital
  • Term loan for business premises, machinery, equipment and commercial vehicles
  • Inbuilt top-up up to 20% of assessed limit, capped at ₹5 crore
  • /direct-debit or branch repayment

Eligibility

  • Manufacturing, service and trading units eligible for classification; bank assessment, rating and security conditions apply.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • and constitution documents
  • Udyam/, , financial statements and business proof as applicable
  • Bank-prescribed loan application and security documents

Related official documents

Products & Schemes for MSMEsofficial-product-page · current · accessed 4 Sept 2026
↗
Rate of Interest for MSME Loansofficial-pdf · current · accessed 4 Sept 2026
↗
Union MSME Suvidhaofficial-product-page · current · accessed 4 Sept 2026
↗

Plan before applying

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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Union Suvidha · Customer / eligibility manufacturing/service/trading units

This value is copied from Union Bank schemes — published terms. Check the table notes before relying on it.

Source: Rate of Interest for Loans · Annexure II and linked scheme pages Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 4 rows · 6 columnsUnion Bank MSME schemes — published termsView tableHide table

Scroll sideways to view every column

Union Bank MSME schemes — published terms
SchemeCustomer / eligibilityFacility amountRateSecurityPurpose / features
Union Suvidha manufacturing/service/trading units₹10 lakh–₹50 crore; up to ₹10 crore-linked; 1.35%/1.25% over for ₹10–₹50 lakh by security; rating/security spreads above ₹50 lakhAssessment and security table; rate concessions by collateralWorking capital, term loan, business premises/machinery and top-up up to ₹5 crore
Union Superfast Udyam + ; regular returns; sole banking; CR1–CR4; 80% -sales alignmentNot published on reviewed page1.10% over up to ₹25 lakh; 1.25% above ₹25–₹50 lakh; CR1–CR4 spreads above ₹50 lakhCollateral-free option subject to Digital -linked working capital
Union ProgressMicro and Small EnterprisesUp to ₹2 croreCard rates for advancesNo collateral up to ₹10 lakh; up to ₹2 croreBusiness growth and expansion
Union SupportMicro and Small EnterprisesNot published on reviewed pageCard rates for advancesCollateral-free objectiveFinancial assistance for
  • means External Benchmark Lending Rate; rate-sheet spreads are over and include additional credit-risk premium where stated. A blank numeric amount is retained as Not published only after the linked page and rate sheet were reviewed.
Rate of Interest for Loans · Annexure II and linked scheme pages · accessed 4 Sept 2026Open official source ↗

More from Union Bank of India

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Union MSE Support

Assistance for micro and small enterprises designed to provide finance without collateral security.

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Union MSME Superfast GST Based Business Loan

Digital -linked working-capital loan for eligible with Udyam registration, registration and regular return history; collateral-free option subject to .

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Union Progress Scheme

Growth finance for micro and small businesses with limits up to ₹2 crore and collateral-free cover up to ₹10 lakh, with cover available up to ₹2 crore.

View product