United Bank of India Credit Cards

The credit cards offered by United Bank of India are designed to benefit people from various sectors. From rickshaw owners, clay modelers, fishermen to urban sector customers, these cards are made to benefit one and all. The cards provide loans and credit to entrepreneurs and professionals, which they can use to purchase raw materials and equipment required to carry out their creative activities. These cards have very affordable interest rates, flexible repayment periods and they provide a high credit amount.

Features and Benefits of United Bank of India Credit Cards:

Flexible Repayment Period – People who borrow money using their United Bank of India credit cards do not have to worry about their EMIs as these cards have flexible repayment periods
High Loan Amount – United Bank of India credit cards offer high loan amount to the cardholders, which they can use to invest in their businesses
Minimum Security – When cardholders apply for loans under the various United Bank of India credit card schemes, they have to provide minimum security and most of the cards do not require a collateral security
Affordable Rates of Interest – The United Bank of India credit cards have competitive rates of interest that are very affordable for borrowers
Loan Type – With United Bank of India Credit Cards, borrowers can opt for term loan or cash credit or both depending on their requirements
Purpose – Cardholders can use the loans for working capital and for purchasing equipment and raw materials required for their businesses
Insurance Coverage – United Bank of India provides insurance coverage to its cardholders. Through the Artisans Credit Card, the cardholders avail an insurance coverage provided that they are registered with the Development Commissioner of Handicrafts

United Bank of India Fees and Charges:

Charge

Artisans Credit Card

Laghu Udhyami Credit Card

Swarozgar Credit Card

Shilpi Credit Card

Margin

15 percent

25 percent of Credit Limit

No Margin

15 percent for credit limit between Rs.25, 000 and Rs.2, 00, 000

20 percent for credit limit above Rs.2, 00, 000 up to Rs.10, 00, 000

Loan Amount

Rs.2, 00, 000 (maximum)

Rs.10, 00, 000 (maximum)

Rs.25, 000

Rs.25, 000 (minimum)

Rs.10, 00, 000 (maximum)

United Bank of India Credit Cards Rates of Interest:

The rates of interest on United Bank of India Credit Cards are very competitive and highly affordable, allowing the cardholders to carry out their businesses without any worries

United Bank of India Credit Cards Eligibility Criteria:

Credit Card	Eligibility Criteria
United Bank of India Artisans Credit Card (ACC)	Artisans involved with manufacturing and production process Artisans registered with the Development Commissioner for Handicrafts are preferred Group of Artisans who have joined to form Self Help Groups Artisans who are existing borrowers with a credit facility of Rs.2 lakhs maximum Beneficiaries of other Government loan schemes cannot apply for this card
United Bank of India Laghu Udhyami Credit Card (LUCC)	Existing borrowers Borrowers having banking relations with United Bank of India for the previous 3 years Applicants with a limit of up to Rs.10,00, 000 on working capital loan
United Bank of India Swarozgar Credit Card	Small artisans, handloom weavers, self- employed individuals, fishermen, other micro entrepreneurs, etc. in metro, urban, semi-urban or rural areas
United Bank of India Shilpi Credit Card	Shilpi who are into creative and productive activities such as drawing, painting, fashion designing, metal works, etc. can apply provided that they have a certificate from the Sarpanch, Municipal Corporation, Sabhadhipati or Anchal Pradhan and have not prior history of defaulting Existing borrowers of the bank can apply when their LUCC or ACC card expires Existing borrowers under cottage, tiny and village industries

Documents required:

Applicants of United Bank of India Credit Cards have to provide the basic documents such as id proof, residence proof, income proof, etc. among many others along with their photographs to the bank when they apply for a credit card. The applicants of the United Bank of India Shilpi Credit Card have to provide a few other documents such as continuity letter, Demand Promissory Note, Hypothecation of the assets made using the loan and two photographs.

Apart from the above, the applicants who renew their credit limit that is more than Rs.2, 00, 000 in value have to provide their financial statements to the bank every year.