Home » Union Bank Business Loan
Union Bank logo

Union Bank Business Loan

If you want to start a new business or expand your existing business then Union Bank Business Loan is the best available option for you. Union Bank offers unsecured business loans to help you meet your planned as well as instant business requirements. The loan is easily available in just a few clicks as well as it is easily available for almost all types of business such as Partnership Firm, Private Limited Company, Proprietor and a lot more. So, no matter which business you are dealing in, you can easily get Union Bank business loan.

You can easily meet a wide range of business requirements with Union Bank business loans as you can use it for varied purposes such as purchasing assets, expanding your business, clearing of other liabilities and a lot more. In addition, Union Bank business loan is available at low rate of interest which makes it an affordable loan option.

Apply Business Loan

Please enter your NamePlease enter valid Name
Please enter a valid email addressPlease enter your email address
Please enter a valid mobile numberPlease enter your mobile number
Please Select Office Type
Please Select House Type
Please enter a valid Company Name
Please answer the above question
Please enter your inhand salary.Minimum annual income is requiredMinimum turnover income is required

Why is Union Bank Business Loan the best option for you?

If you are planning to take a business loan then Union Bank business loan is the best option for you as it offers multiple benefits. Some major benefits which make it the best loan options are listed below:-

  • Meet your business requirement with special loan schemes
  • Instant online loan procedure
  • Easily get heavy capital  up to 75lac
  • Personalized loan solutions
  • Disbursal of funds in just 2 days
  • Minimal loan processing fee
  • Highly competitive interest rates starting from 12%
  • Extend your repayment tenure as long as 60 months
  • Basic eligibility criteria

Union Bank Business Loan Interest Rate

Salaried Individual

Loan Amount

Starting From Rs. 50,000 up to Rs. 25 lakhs

Interest Rate

10.99% - 20.00%

Loan Tenure

12 to 60 months

Processing Fee

2.50%, Minimum Rs. 1,000 Maximum Rs. 25,000

Foreclosure Charges

Allowed after 12 EMIs, Prepayment charges vary by year: 2nd year - 4%; 3rd year - 3%, after 3 years - 2%


21 years up to 60 years

Major Highlights of Union Bank Business Loan

You can easily live your dream of starting a new business with Union Bank as it offers multiple loan schemes to meet your financial requirements.You can also get a loan from Union Bank to meet your planned business expenditures. The tailor-made loan options help you to get the funds in accordance with your requirements.

There are numerous benefits which come with Union Bank business loan. Below described are some of the major benefits of Union Bank business loan; know in detail:-

Online loan process –

You can easily apply for the Union Bank business loan online just by filling an online loan application form and the entire loan proceedings are completed online.

Special loan schemes

Union Bank offers multiple special loan schemes which make the business loan available at a comparatively low rate of interest, thus making it an affordable option.

Funds available up to 75lac

You can easily meet your heavy financial requirement as the loan up to 75lac is available easily and instantly.

Quick loan approval

The loan process is initiated as soon as you fill the online loan application form and your candidature is assessed instantly which speeds up the process and offers quick loan approval.

Flexible repayment tenure up to 60 months

You can easily repay the loan in small EMIs as you can extend the repayment tenure as long as 60 months.

Receive cash in just 2 days

You get the funds in your account within 2 days after the approval of your loan application.

Low-interest rates

Union Bank business loan is available at quite a low rate of intereststarting from 12% only, so you can easily get business loans at affordable rates.

Easy documentation process

The process of documentation isalso quite easy as you just need to provide some basic documents which are easily available.

Minimal loan processing charges

The loan processing fee charged by Union Bank is also very minimal, so you need not make heavy payments for getting your loan approved.

Union Bank Business Loan Fees & Charges

Loan Processing Fees Up to 2.50% of loan amount, Rs 1,000 to 25,000
Pre-payment Charges 4% of principal outstanding - 13 to 24 months,
3% of principal outstanding – 25 to 36 months
2% of principal outstanding - >36 months
Penalty for late EMI payment 24% per year on outstanding amount From default date
Eligibility Criteria

Are you Eligible for Union Bank Business Loan?

If you are planning to apply for Union Bank business loan then at first you need to check your eligibility. The eligibility criteria for Union Bank business loan are quite a basic one; have a look:-


To apply for Union Bank business loan, your minimum age should be 21 years and maximum age should be 65 years at maturity of the loan.


In order to be eligible for Union Bank business loan, you should be a Proprietor, Self-employed individual, Partnership firm or a Private Limited Company engaged in trading, manufacturing or services.


Your annual turnover from the business and the annual income should be more than the minimum annual turnover and income.


Your current business should be running from past 2 years.

Documents Needed for Union Bank Business Loan

In order to complete the documentation process for the loan, you need to provide some basic documents to the bank. Below given is the list of documents needed for Union Bank business loan:-

  • PAN Card –You need to provide PAN Card for Firm/Company/Individual

  • Proof of Identity –Aadhar Card/PAN/Voter Id Card/Passport/Driving License

  • Proof of Residence –Aadhar Card/Voter Id Card/Passport

  • Proof of Business Continuation –Sales Tax Certificate/Establishment/Trade license/ITR

  • Proof if Income –Latest ITR with P&L account and Balance sheet for the past 2 years

Documents Required

Why is Rupee Station best Platform to apply for Business Loan?

Rupee Station is an online platform which provides the business loans at lowest interest rates instantly in just a few clicks. We have an exclusive collaboration with Union Bank which helps us to provide the applicants with the affordable rates, latest loan schemes, instant funds and a lot more. Our aim is to make the loan procedure hassle-free and paperless, so that you can instantly get the loan to meet your business requirement. Here are a few other reasons which make the Rupee Station is the best platform to apply for business loan; take a look:-

Personalized loan option

At Rupee Station, we provide personalized loan options to meet the highly varying business requirements easily.

Easy documentation process

We aim at making the documentation process hassle-free and paperless, so your document verification is also conducted online in a minute.

Funds available in just 2 days

We understand the instant requirement of funds in business, so we make the loan amounts available in just 2 days after the approval of your loan application.

Instant customer support services

Our customer support team provide a quick answer to all your queriesrelated to business loans and its proceedings.

Real-time loan application status

You can easily get to know the status of your loan application with our real-time loan application tracking facility.

Steps to apply for Business Loan at RupeeStation?

Applying for a loan has become a child’s play with Rupee Station. You just need to follow the below-listed steps in order to apply for Union Bank business loan.

Step 1

Submit an online loan application by filling an easy form at Rupee Station.

Step 2

Get a call from our financial expert and provide other required information.

Step 3

Receive cash in your account, in just2days.