Union Bank of India offers financing for mini dairy units above Rs 1.60 lakhs. The exact loan amount you are eligible for, will depend on factors such as your creditworthiness, the value of the collateral you are offering, and your repayment capacity.

For loans up to Rs.2.00 lakhs for hypothecation of assets created out of bank finance

For loans above Rs.2.00 lakhs for hypothecation of assets created out of bank finance and mortgage of land (accepted value of land should not be less than 100% of loan amount) and/ or third-party guarantee (means should not be less than 100% of loan amount.)

The repayment period for financing a mini dairy unit depends on the loan amount and your repayment capacity. Union Bank of India offers flexible repayment terms of up to 84 months.

Yes, you can prepay your mini dairy unit loan before the end of the loan tenure. However, Union Bank of India may charge a prepayment penalty depending on the terms of your loan agreement. Please consult with your loan officer for more information.