| 1 |
Who are eligible? |
- Individual / Proprietorship Firm / Partnership Firm (including LLP), Private and Public Limited Company classified as micro enterprises as defined under MSMED Act, 2006 and as amended from lime to time.
- Requirement for both ETB and NTB Customers
- Cusomer should have Udyam Registration Certificate.
- Customer should possess aadhaar and any one of the Officially Valid Document (OVD)
- Mobile number provided by the customer on STP Platform during registration process for availing STP shishu mudra loan must be linked to Aadhaar.
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| 2 |
Purpose |
- Working capital term loan to eligible shishu mudra customers for meeting working capital requirements
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| 3 |
Age |
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| 4 |
Loan Amount |
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| 5 |
Rate of interest |
- UCO Float + 0.55% (currently – 9.85%)
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| 6 |
Processing & documentation charges |
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| 7 |
How to access this digital journey |
- This end to end digital journey may be accessed through UCO Website or mobile phone, using the link shared by the bank
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| 8 |
Other salient features |
- End to end digital loan in less than 15 minutes
- Customer has the flexibility to adjust the EMI through change in tenure and loan amount through the dynamic slider functionality inbuilt in the journey
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