Your CIBIL score is the key indicator of loan repaying ability. CIBIL score above 700 is usually considered ideal and offers better interest rate offers. You can avail an MSME loan with a low credit score, however, the interest rate will be higher than usual.

Yes, you can avail MSME loan for purchase of new machineries. You can opt for a variety of MSME Loans like Union Equipment Finance to meet your specific business needs.

The validity of an MSME certificate can last for 5 years.

Union Bank of India offers the following MSME Loans, each catering to a variety of your business needs:

Union MSME Suvidha

Union GST Gain

Union GST Gain

Union Mudra Scheme

Union Progress

Union Nari Shakti