Union Bank of India Mudra Loan

UBI Mudra Loan
UBI Mudra Loan

Union Bank of India is a nationalize bank of India. It was established on 11th November 1919 and it’s headquartered in Mumbai. The Bank offers various types of banking and financial products to its customers such as savings account, credit cards, fixed deposits, home loan, business loan, MSME loan, personal loan, debit card, car loan, gold loan etc.

Union bank is also offering UBI Mudra loan Under PMMY Scheme. It is providing extend finance to the micro enterprises which are in the business of manufacturing, trading and service sector in rural, urban & metro areas.

Union Bank of India has segregated UBI Mudra loan in three categories

Shishu: Loan amount upto Rs. 50,000 is classified under this category.

Kishore: Loan amount exceeding Rs. 50,000 and upto Rs. 5.00 Lakhs is classified under this category.

Tarun: Loan amount exceeding Rs. 5.00 Lakhs and upto Rs. 10.00 Lakhs is classified under this category.

UBI’s Mudra loan interest rate

The rate of interest applicable to the units is in the range of MCLR + 0.40% to MCLR + 1.65%.


Loans covered under MUDRA are collateral free loans. However assets created out of the bank loan to be charged with the Bank.

UBI’s Documents list for Mudra loan

Towards the security documents to be obtained against such loans, the following documents are generally obtained:

DP Note, Hypothecation Agreement, Letter of continuity, Term Loan agreement (If there is term loan) etc.

UBI Mudra loan terms & conditions.

The terms and conditions as per the norms of the bank to be applicable to such loans from time to time.

How to download mudra Loan Application form?

We are sharing you Union bank Mudra loan application form. Click below and download common Mudra application form.

Mudra Loan Application (Hindi)
Mudra Loan Application (English)

Contact Details for Union Bank Mudra Loans related queries?

Call during working hours at UBI Customer care 022-22892250

Q. What is MUDRA?
MUDRA stands for “Micro Units Development and Refinance Agency” and act as a new financial entity for developing and Refinancing financial intermediaries like Bank, NBFCs, MFIs, who are in the business of lending to smaller of the Micro enterprises in Manufacturing, Trading and Services sector including allied agricultural activities.

Q. When was MUDRA scheme launched?
The Micro Units Development and Refinance Agency (MUDRA) has been launched by Hon’ble Prime Minister on 08.04.2015

Q. Is the overdraft facility of up to Rs 5000/ covered in MUDRA scheme?
Yes, Overdraft facility of Rs. 5000/-sanctioned under Pradhan Mantri Jan Dhan Yojana (PMJDY) is also considered as MUDRA loans under PMMY.

Q. Are all the loans are covered under Credit Guarantee Scheme?
All eligible PMMY loans are covered under Credit Guarantee Fund for Micro Units (CGFMU). (All MSE loans under Manufacturing /Services sector including retail trade and loans for allied agricultural activities are eligible to be covered under the credit guarantee fund.

Q. Is all the MUDRA A/c holders eligible for MUDRA Cards?
YES, All CC/OD Accounts (MUDRA Loans) are eligible for issuance of MUDRA CARDS.

Q. How can we apply Mudra Loan?
You can apply Mudra Loan online and offline. Union Bank of India is providing offline Mudra Loan. Download the UBI Mudra Loan form & submit your nearest bank branch.

Note:- Union bank of India Mudra loan is available for all either you are customer of UBI or not. Bank can’t deny to accept your request. If you are facing any issue or Union bank of India people are harassing you. Pls contact to Bank official or contact mudrabank.com. You can also ask bank manager to provide complaint book.

For bank loan you require the Project report. Our team will help you to design project report. Pls write us on mudrakibaat @ gmail.com.

✔ Is Union Bank of India, UBI still providing mudra loan?

Yes, Union Bank of India, UBI is still providing mudra loan under PMMY Pradhan Mantri Mudra Yojana. Click here to apply..

✔What is UBI mudra loan interest rate?

Mudra Bank interest rate of Union bank of India is ?9.5%+ and it may change RBI guideline. Click here to check latest rate..

✔Who can apply for Mudra loan in Union Bank of India?

Any Indian citizen can apply for Mudra loan in Union Bank of India, UBI.

✔Which UBI branch is authorized for Mudra loan?

All UBI branch is authorized to disburse mudra loan. Click here to check your nearest branches. Click here

✔Is UBI providing any subsidy on Mudra Loan?

No, Union Bank of India is not providing any subsidy on Mudra Loan but if you are applying Mudra loan under any state or centar or other schemes, you will get the subsidy according to schemes. Click here to know about the schemes.