Faq’s
What exactly is your month-to-month interest price?
The month-to-month rate of interest on our loans varies from 1.25% – 3.75% .
Could I access an auto loan as a self-employed person?
Must i’ve an income account with Union Bank to gain access to the motor auto loan?
How do you discover how much i will be qualified to submit an application for?
It’s usually system encouraged. Head into any one of our branches and asked become scored to understand simply how much you be eligible for a
Exactly exactly What portion of my earnings may be accessed as that loan from your own company?
This can be auto-calculated. But, your monthly payment cannot exceed 33% of the wage.
We have a unsecured loan operating presently. At just just exactly what point could I make an application for a top up?
You might be qualified to receive a top up after three months
Do a letter is needed by me of introduction from my manager prior to getting that loan?
Yes a page of introduction/undertaking is necessary from your own manager
I will be a salary earner living outside Nigeria but an account is had by me with Union Bank. Simply how much loan could I get to create up a company?
You may get a loan that is personal going your income to Union Bank. Please contact your Relationship supervisor to learn more.
Can a person servicing a loan nevertheless get another loan
Yes, a client could possibly get a top-up loan while servicing a loan that is existing. To qualify, the consumer should have made at the least 3 repayments without defaulting.
In case a customer loses their task after accessing financing from your own company, can there be something that can be achieved to make sure payment continuity?
If a client loses their jobs after accessing our loans, the insurance coverage business within the loan can make repayment for some time frequently six months. In those times, the consumer is anticipated to own gotten another task to carry on payment.
What are the loan offerings for brand new clients by having an SME account in Union Bank?
Yes, you will find loans for our SME customers too.
If We have a highly skilled loan and mayn’t pay off due to Covid-19, can I apply for another loan?
It is possible to make an application for a restructuring or moratorium in your current loan to make sure that it really is doing.
Can you accept payments in instalments?
What’s the requirements for agricultural loans?
Presently, we try not to provide agricultural loans to individuals. You are able to nonetheless submit an application for a loan that is personal.
How do we start a salary account?
Please go to any one of our branches to start a wage account
What’s the period for the payment of financing with Union Bank?
It is influenced by the loan loan and amount tenor requested
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Privacy Overview
What exactly is this Privacy Notice for?
Union Bank of Nigeria Plc (“The Bank”) values your private information so we are dedicated to protecting your privacy when you connect to us. Please read this Privacy Notice (Notice) to comprehend our policies, procedures and procedures about the processing of the data that are personal.
This Notice describes for you just just exactly how your private information is gathered, utilized, handled and transmitted by Union Bank and in addition describes tips on how to upgrade us and exercise your rights to your Personal Data according regarding the Personal Data offered to us.
The private Information that individuals Collect
We gather Personal Data with us, request for further information about our products, fill a form, apply for a job through our website, or subscribe to newsletters on our website that you give to us; for example, when you create an account.
We possibly may additionally immediately gather some technical information whenever you visit our web site such as for example your internet protocol address, and information on your check out, including the pages which you viewed. These details assists us realize client passions and assists us enhance our internet site. Once you see our website, all pages and posts you have a look at, and a brief text file known as a cookie, are installed to your pc. By using and visiting our site, you consent to our utilization of Cookies consistent with Union Bank’s policies. For lots more information regarding Cookies, please read our Cookies Policy available through this website link.
just just What do we make use of your private Data for?
We might process your private Data to keep in touch with further information about our products and how we can serve you better, respond to your purchase orders or requests, process your application for employment with Union Bank or to fulfil our contractual obligations with you with you(including sending marketing or promotional materials to payday loans in Louisiana you), provide you. We might additionally process your individual Data to adhere to provisions of relevant legislation.
Just Just What Constitutes your Permission?
Where processing of private Data is founded on permission, we will have the necessity permission at the full time of assortment of the non-public Data. In this respect, you consent into the processing of one’s private Data once you access our platforms, or utilize our services, content, features, technologies or functions provided on our internet site or other platforms that are digital. You are able to withdraw your permission whenever you want but withdrawal that is such maybe perhaps maybe maybe not impact the lawfulness of processing based on permission provided before its withdrawal.
That do we share your private Data with?
We respect your privacy and we also restrict disclosure of one’s private Data to 3rd events. We usually do not offer, provide or trade any private Data that individuals get away from you to your alternative party for information mining or advertising purposes. Nonetheless, we possibly may share your private Data with companies involved by us to give solutions to Union Bank susceptible to appropriate information safety and security. We might additionally share your details where there clearly was a regulatory or statutory responsibility to disclose such individual Data in respect with conditions of relevant legislation.
Safety and Retention of the Personal Data
Your individual information is held personal and we also remember to maintain your private Data secure, including limiting use of your individual Data with us on a need to understand foundation. We need our staff and any parties that are third carry down any focus on our behalf to conform to appropriate protection criteria to safeguard your individual information.
We just just simply take appropriate measures to make sure that your individual Data is prepared when it comes to period that is minimum in line with all the purposes lay out in this Notice or as needed by relevant guidelines, until an occasion it really is not any longer required or doesn’t have usage. As soon as your private Data is not any longer required, we destroy it in a secure and safe manner.
Your Legal Rights
Union Bank gathers private Data just for the purposes identified in this Policy and such information may not be reused for the next function this is certainly incompatible with all the purpose that is original.