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Union MSME Superfast GST Based Business Loan

Union MSME Superfast is a GST Based Business Loan offered by Union Bank of India to support the Working Capital funding needs of eligible Micro, Small and Medium Enterprises (MSMEs) engaged in manufacturing, trading, and service activities. Collateral free option is available subject to CGTMSE coverage.

MSME units with a valid Udyam Registration and GST registration with regular GST return filing history can avail this GST based loan to meet their business growth and expansion.

This product is also designed for quick and hassle-free access to credit through a streamlined digital loan process.

The loan features, eligibility criteria, loan amount, margin, security requirements, and assessment process to find the right GST linked financing solution for your business can be explored here:

All MSME units engaged in manufacturing/service/trading activity with Udyam Registration
Unit avail credit facilities under Sole Banking arrangement only
To secure internal credit rating CR-1 to CR-4
The borrower should be in possession of requisite registration under GST Act viz. i.e. Provisional Registration (Form GSTREG-25) or Final Registration (Form GSTREG-06)
Must have filed last 12 month GST returns (Either monthly or annual return) with exception to newly established MSME units where the requirement is filing of GST return for minimum 3 months (monthly return) or for minimum one quarter (quarterly return)
Minimum 80% of the turnover in Current/ CC accounts should be against the sales mentioned in the GST Return.

Union MSME Superfast GST Based Business Loan

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