Regd. Office: 9C-A, Madhuban, First Floor, 313004 Udaipur, Rajasthan
Registration NO.: 03/08/1972 No. 1557 Y RBI LIC. NO.: 04/01/1975 No. 52 P
     UUCB Business Development Scheme
A       All types of Industrial / Manufacturing Industries (SME)
B       All types of Mining / Quarrying Industries

Should be existing business units with Audited Financial Accounts for last two years
Should avail working capital facilities with our Bank only
Type of Facility
Overdraft Facility
Quantum of finance
Maximum Rs.500 Lac (Rupees Five Hundred Lac only) per borrower.
Mode of assessment
A     Limit to be assessed as per Turnover Method, i.e. 25% of actual annual sales as per audited    accounts of the previous financial year.
B     75% of Average of DLC and Distress Value of property
C     Whichever is less of 4 (A) or 4 (B) above
The limit shall be for a period of 12 months and renewed / reviewed annually.

A       Equitable / Legal Mortgage of non-encumbered residential house / flat, shop, commercial or industrial property in the name and possession of the borrower(s) (including joint owners) and should be self-occupied or vacant and should not be let out without prior written permission of the Bank.
B       The property in the name of spouse / relative may also be accepted as security making them either co-borrower(s) or guarantor(s);
C       The Average of DLC and Distress value of mortgaged property should be not less than 133% of the limit.
D       In case of Mining Industry negative lien on mining lease(s).

Personal Guarantee
At least one personal guarantee (other than spouse) shall have to be provided of a reputed person with reasonable net worth.

A    The property should be insured for fire, riot and wherever required against other appropriate hazards, such as, earthquake, flood, lightening etc. by the borrower for full value of the property, excluding value of land with usual bank clause
B    Stock in trade to be comprehensively insured for full value with usual bank clause

25% of Average of DLC and Distress Value of property

Rate of Interest
A.For 1 (A) above - BPLR – 0.5% - (Floating) - Presently 12% - (SME)

B.For 1 (B) above - BPLR – 1% - (Floating) - Presently 12% - (Mining)

Processing Charges
A FRESH: On Sanctioned Limit for a period of 12 months 0.25% of Loan Amount – Maximum Rs. 75000/
B RENEWAL: 0.20% of Loan Amount - (80% of the (A) above) – Maximum Rs.60000/-

Inspection Charges
Rs.1000/- every half-year

Deviation from scheme norms and Charges thereon
Deviation in 4 above -Mode of Assessment shall be allowed solely at the discretion of the Loan Committee with Deviation charge of 0.50% additional interest rate.

Details Required:
A Application form
B Copies of Audited Financial Statements for last two / three years
C Copy of Sales Tax / VAT Registration
D Copy of Permanent SSI Registration / Mining Lease
E Copies of Income Tax Returns for the last two / three years – As applicable
F Other relevant and necessary details as per norms.

A Advocate fees for Legal Scrutiny Report & Vetting of Documents on actual basis.
B Valuer fees for valuation of property etc. on actual basis
C Documents charges, Loan agreements copy charges: As applicable
D Cash Deposit Charges: As applicable
E Commitment Charges: As applicable
F Incidental / Folio Charges: As applicable
H Cheque Book Charges: As applicable

Personal Loan
Secured Loan
Housing Loan
Business Loans
Vehicle Loan
C.C / Hypo Loan
F.D / O.D Loan
Education Loan
Interest Rates