• Technology for LED Applied Technology of Edge Lighting Advertising Equipments
• Internet Solution of Issuing Kinds of Certificates using 2-Dimensional Bar Code
• Humidity Sensor Package
• ZigBee Home Network System
• Wireless Internet base Vehicle Navigation Device
• Wireless Smart Electronic Pen using Location Recognition Technology in complex coordinates
• Letter Input S/W for Mini Keyboard
• Development of Network-based Ultrasonic Distance Sensing System
• Nano-Qplus and Sensor Network Solution
• Home Entertainment HUB
• On-line Payment/Charging System
• SANique Cluster Data Sharing
• Educational Information System
• Real-time MPEG Audio CODEC Software
• Wedge, The Wireless Edge
• Optical Character Recognition (OCR) Software

UNION HIGH PRIDE

• Quantum: Above Rs 5 crores to Rs 25 crores.
  
• Appraisal/Assessment: Based on FBF with relaxed terms i.e. Current Ratio at 1.1:1, DER at 3.00:1 and DSCR at 1.50:1.
  
• Collateral coverage of not less than 20% of total exposure.
  
• Interest rate ranging from 125 bps below BPLR to maximum BPLR for Working Capital based on credit rating.
  
• Further interest concession upto 0.50% in case of SME rated by SMERA or CRISIL.
  
  

Other additional benefits

• Multicity Cheque Book
  
• Cash Management Services
  
• Quicker disposal with reduced time frame for sanction within 15 days.
  
• The scheme being implemented through 50 designated branches.
  
  

Channel Financing

The Bank has two schemes for financing the suppliers and wholesale dealers of select Corporates under Channel Financing.

UNION PROCURE

Financing the purchases of dealers supplying products to Corporates.

• Quantum: Above Rs 25 lacs to Rs 25 crores.
  
• Appraisal/Assessment: Based on Turnover/FBF with relaxed terms i.e. Current Ratio not less than 1.17:1, TOL/TNW not exceeding 4.00:1.
  
• Facility: Bills drawn by Corporates on Vendors duly accepted by the latter.
  
• Margin: Nil
  
• Collateral: Minimum coverage of 30% of advance value.
  
• Pricing: Based on Credit Rating with floor rate of 175 bps below BPLR.
  

UNION SUPPLY

Financing against Receivables of the Vendor of goods supplied to the Corporates.

• Quantum: Above Rs 25 lacs to Rs 25 crores.
  
• Appraisal/Assessment: Based on Turnover/FBF with relaxed terms i.e. Current Ratio not less than 1.10:1, TOL/TNW not exceeding 4.00:1.
  
• Facility: Bills drawn by Vendors on Corporates duly accepted by the latter.
  
• Margin: Nil
  
• Collateral: Minimum coverage of 10% of advance value.
  
• Pricing: Based on Credit Rating with floor rate of 300 bps below BPLR.
  

• A Good Way to Spend Money

• Magnetic Cleansing
• Bone Again

• More than Addiction
  

• Sodium's Anomaly

• Teeth Give Clues
• Spit Full of Diseases
  

• Low Highs

• Heat Prone

• Undersea Myths
  
• More Than Addiction