Public Sector Bank (PSU)Term Loan (Capex / Expansion)Small Enterprise (Investment ≤ ₹10 Cr)🛡️CGTMSE CoveredVerified: 2026-09-29

Union Bank Union Rent (Mortgage Against Rent Receivables)

Primary Lending Institution:Union Bank of India

₹5 Lakh to ₹10 Crore MSME credit at 8.85% – 10.75% with Up to 10 years tenure.

Interest Rate8.85% – 10.75%Linked to EBLR / MCLR / Risk

Loan Amount Quantum₹5 Lakh to ₹10 CroreBased on turnover & project cost

Repayment TenureUp to 10 yearsWith moratorium where applicable

Collateral SecurityRequires registered lease deed with reputed corporate, bank, or government agency with tripartite agreement.

What's Missing: Crucial Fine-Print & Exclusion Gaps

Requires registered lease deed with reputed corporate, bank, or government agency with tripartite agreement.

Note: Eligo publishes these regulatory and commercial exclusions directly from bank product guidelines and CGTMSE rules to protect MSME applicants from unexpected fee debits or loan rejection surprises.

What is Union Bank Union Rent (Mortgage Against Rent Receivables)?

Loan against future rent receivables from reputed corporate or government tenants leasing commercial property.

Key Benefits & Features

Monetizes commercial rental streams; long tenure up to 10 years; funds can be deployed for any business expansion.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

Commercial property owners with active lease contracts.

Business Vintage1+ Years in Operation

Min. Annual Turnover₹5.0 Lakh

Processing Fee0.50% + GST

Prepayment TermsZero prepayment penalty on floating rate loans as per regulatory norms

How to Apply (3 Verified Paths)

💼Path 1: Current Account Portal

Apply online via business net banking or approach loan account manager.

🌐Path 2: Official FinTech / Govt Portal

Apply online at https://www.unionbankofindia.co.in/english/union-rent.aspx with digital KYC and financial statements.

🏢Path 3: SME Banking Center Walk-In

Visit nearest MSME branch of the institution with business registration and bank statements.

Eligo does not collect business loan applications or financial data. Apply directly on the verified official domain:

Visit Official Portal↗

Documents Required Checklist

Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.

Frequently Asked Questions

What is the maximum loan tenure and amount for Union Bank Union Rent (Mortgage Against Rent Receivables)?

Borrowers can avail ₹5 Lakh to ₹10 Crore with a repayment tenure of Up to 10 years.

What are the processing charges and collateral terms for Union Bank Union Rent (Mortgage Against Rent Receivables)?

The processing fee is 0.50% + GST. Collateral terms: Requires registered lease deed with reputed corporate, bank, or government agency with tripartite agreement.

What are the eligibility criteria for Union Bank Union Rent (Mortgage Against Rent Receivables)?

Commercial property owners with active lease contracts. Minimum business vintage required is 1 year(s).

How can an applicant apply for Union Bank Union Rent (Mortgage Against Rent Receivables)?

Apply online at https://www.unionbankofindia.co.in/english/union-rent.aspx or visit nearest branch with KYC, Udyam registration, and bank statements.