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Faqs

What exactly is your month-to-month interest price?

The interest that is monthly on our loans ranges from 1.25per cent – 3.75% .

Am I able to access an auto loan as an individual that is self-employed?

Must i’ve an income account with Union Bank to get into the auto loan?

Just how do I discover how much i will be entitled to apply for?

Normally system suggested. Head into any one of our branches and asked become scored to understand just how much you be eligible for

exactly exactly exactly What portion of my earnings may be accessed as that loan from your own company?

That is auto-calculated. Nevertheless, your monthly payment cannot exceed 33% of one’s wage.

I’ve a personal bank loan operating presently. At just exactly exactly exactly what point may I make an application for a top up?

You will be qualified to receive a top up after three months

Do i want a letter of introduction from my company prior to getting that loan?

Yes a page of introduction/undertaking is needed from your boss

I’m a salary earner living outside Nigeria but an account is had by me with Union Bank. Just how much loan am I able to get to create up a small business?

You may get a unsecured loan by moving your income to Union Bank. Please speak to your Relationship supervisor to find out more.

Can a client servicing a loan nevertheless get another loan

Yes, a client will 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 work after accessing financing from your own company, will there be something that can be carried out to make certain payment continuity?

The insurance company covering the loan will make payment for a period of time usually 6 months if a customer loses their jobs after accessing our loans. During this time period, the consumer is anticipated to own gotten another task to keep payment.

What are the loan offerings for brand new clients with an SME account in Union Bank?

Yes, you will find loans for our SME customers too.

I apply for another loan if I have an outstanding loan and couldn’t pay back due to Covid-19, can?

You can easily make an application for a restructuring or moratorium on the current loan to make certain that it really is doing.

Do you really accept re re re payments in instalments?

What’s the requirements for agricultural loans?

Presently, we usually do not provide agricultural loans to people. It is possible to nevertheless make an application for a loan that is personal.

How do a salary is opened by me account?

Please check out some of our branches to open up an income account

What’s the extent when it comes to payment of that loan with Union Bank?

This is certainly determined by the mortgage loan and amount tenor required

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Privacy Overview

What’s this Privacy Notice for?

Union Bank of Nigeria Plc (“The Bank”) values your individual information and we also are devoted to protecting your privacy when you connect to us. Please read this Privacy Notice (Notice) to online payday loans New Hampshire comprehend our policies, procedures and procedures in connection with processing of the individual information.

This Notice describes for your requirements exactly just how your own personal 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 of this private Data offered to us.

The private Information that people 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 might additionally immediately gather some technical information whenever you go to our site such as for example your ip, and information on your check out, for instance the pages which you viewed. These details assists us realize consumer passions and assists us enhance our internet site. You look at, and a short text file called a cookie, are downloaded to your computer when you visit our site, the pages that. By using and visiting our web site, you consent to our usage of Cookies in accordance with Union Bank’s policies. For lots more information regarding snacks, please read our Cookies Policy available through this website website website link.

Just just just What do we make use of your private Data for?

We might process your own personal Data to keep in touch with you (including delivering marketing or marketing materials for your requirements), offer you more information about our services and products and exactly how we could provide you better, react to your purchase requests or needs, procedure the job for employment with Union Bank or even fulfil our contractual responsibilities with you. We might additionally process your individual Data to conform to conditions of relevant guidelines.

Exactly Just What Constitutes your Permission?

Where processing of private Data will be based upon permission, we will receive the consent that is requisite enough time of number of the private Data. In this respect, you consent into the processing of the private Data once you access our platforms, or utilize our services, content, features, technologies or functions provided on our web site or any other electronic platforms. It is possible to withdraw your permission whenever you want but such withdrawal will perhaps maybe not impact the lawfulness of processing based on permission offered before its withdrawal.

That do we share your private Data with?

We respect your privacy and then we restrict disclosure of the private Data to 3rd events. We usually do not offer, offer or trade any private Data that individuals get away from you to virtually any 3rd party for information mining or advertising purposes. Nevertheless, we possibly may share your private Data with companies involved by us to present solutions to Union Bank susceptible to appropriate information protection and security. We might additionally share your data where there was a regulatory or statutory responsibility to disclose such individual information in conformity with conditions of relevant rules.

Safety and Retention of one’s Personal Data

Your own personal information is held personal so we remember to keep your private Data secure, including limiting usage of your private Data with us on a necessity to understand foundation. We need our staff and any parties that are third carry down any focus on our behalf to adhere to appropriate safety criteria to safeguard your individual information.

We just simply just take appropriate measures to ensure that your individual Data is just prepared for the period that is minimum in line aided by the purposes lay out in this Notice or as needed by relevant regulations, until a period it’s not any longer required or does not have any usage. as soon as your private Data is not any longer required, we destroy it in a safe and manner that is secure.

Your Liberties

Union Bank gathers private Data just for the purposes identified in this Policy and such information can not be reused for the next function that is incompatible using the purpose that is original.