UUCB Business Development Scheme

Should be existing business units with Audited Financial Accounts for last two years Should avail working capital facilities with our Bank only

Whichever is less of 4 (A) or 4 (B) above
20% in case of residential house/Commercial shop
30% in case of residential plot/Commercial Plot
50% in case of SDO Patta
Limit to be assessed as per Turnover Method, i.e. 30% of actual annual sales as per audited accounts of the previous financial year.

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.
The property in the name of spouse / relative may also be accepted as security making them either co-borrower(s) or guarantor(s);
The Average of DLC and Distress value of mortgaged property should be not less than 133% of the limit.
In case of Mining Industry negative lien on mining lease(s).

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

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
Stock in trade to be comprehensively insured for full value with usual bank clause

FRESH: On Sanctioned Limit for a period of 12 months
0.25% of Loan Amount – Maximum Rs. 75000/
RENEWAL: 0.20% of Loan Amount – (80% of the (A) above) – Maximum Rs.48000/-

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.