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14th February 2017, 05:41 PM
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Join Date: Mar 2013
Re: Union Bank of India Term Loan

Union Bank of India was established on 11th November 1919 with its headquarters in the city of Mumbai.

It has been playing a very positive role in the economic growth of India and it extends credit for the requirements of different sectors of economy.

Industries, exports, trading, agriculture, infrastructure and the individual segments are sectors in which it has deployed credit to spur economic growth and to earn from a well diversified portfolio of assets.

On the technology front it has taken early initiatives and 100% of its branches are computerized. It has also introduced Core Banking Solution with connectivity between branches.

At the end of March 2015 the Bank achieved total business level of Rs. 5,79,627 crore (Rupees five lakh seventy Nine thousand six hundred and twenty seven crore).

At present its team is over 36,000 members of staff distinguishes itself with its customer centricity, willingness to learn and devotion to values enabling to be recognized as a caring organization where people enjoy their work and relationship with customers.

Union Bank of India Term Loan

Union Bank of India helps in acquisition of capital goods/asset creation for project on long term basis.

Salient Features


• Funds for
o Setting up new manufacturing/industrial units
o Expansion of existing units
o Swapping of the high cost debts availed from other Banks/FIs
• Can be under Deferred Payment Guarantee basis
• Maximum tenor upto 84 months
• Fast disposal of proposals
• Term loan can also be availed in foreign currency i.e. FCL/FCTL


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