Here are a few factors

Rating 4.6 /
Total - 372 ratings
Location 50Km from Branch
CIBIL Score 700+
Processing Offline
Business Vintage 3 Year
Minimum Turnover Minimum 1 Cr
Maximum 500 Cr
Loan Amount & Tenure 10 Lac-50 Lac
(18 month to 36 Month)
Loan Product Only Term Loan No OD Limit
Rate of Interest & Type 16.50% -22%  (Reducing)
TAT Sanction-2 Days
Disbursement-3 Days
Processing Fees 2%
Foreclosure Charges 4%
Applicant Type Individual, Proprietorship Concern, Partnership Firm/LLP/Company/School/Hospital
Whether Co-Applicant Mandatory Yes In case of proprietorship concern female co-applicant mandatory
Proprietor Age/Co-Applicant Age Applicant 24 Year- 65 Year
Co-Applicant 18Year- 75 Year
Part Payment Allowed No
Whether Ownership Proof Required Yes, Either Office or Residence should be owned.
Business Registration Proof Mandatory Yes
Program Banking-Loan up to 20 Lac
GST Surrogate-50 Lac
Turnover-50 Lac
Product for Professionals No
Negative Profile School, Advocates, Bhatta Wala, Share Traders, GYM, Tour & Travels
USP 1.Sale DIP up to 70% can be considered
2. If DSCR 1- No foundation of No of Loan running
Additional In Turnover Program Minmum Bank Churning 80% required
Right Documents - Easy Process

Required Documents to Apply for Unity Bank Business Loans

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Note : Unity Bank Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.

Some Important Points

1. KYC Means If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If applicant is professional, then his professional degree is required

About Unity Bank Business Loan

The Unity Bank was founded by Centrum Finance a growing bank these days. Along with best-in-class technology and ease of banking, Unity bank has made good growth in lending loans to its customers. They have been offering business loans at good interest rates to the customers, along with a good amount of loan amount too.

Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Leave Your Question


The age of the co-applicant in a business loan with unity bank should be between 24 years to 65 years.

It is a mandatory rule of unity bank, that for business loans a female co-borrower is required.

Yes, unity bank charges 4% of the remaining loan amount if you wish to foreclose the business loan early.

Unity Bank offers business loans to a maximum loan amount of Rs. 50 Lakhs.

A Processing fee of 2% is applicable on the Unity Bank business loan. You have to pay this amount while submitting the application for the loan.