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Faq’s

What exactly is your interest that is monthly price?

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

Could I access an auto loan as being a self-employed person?

Must We have an income account with Union Bank to gain access to the motor car finance?

Just how do I discover how much i will be eligible to make an application for?

It’s usually system recommended. Head into some of our branches and asked become scored to understand simply how much you be eligible for

Just exactly exactly just What portion of my income may be accessed as that loan from your company?

This will be auto-calculated. But, your monthly payment cannot exceed 33% of the wage.

I’ve a loan that is personal presently. At exactly just just what point could I submit an application for a top up?

You may be entitled to a top up after a couple of months

Do i want a letter of introduction from my manager before getting that loan?

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

I will be a salary earner living outside Nigeria but i’ve a merchant account with Union Bank. Exactly how much loan am I able to get to create a business up?

You will get a unsecured loan by going your wage to Union Bank. Please contact your Relationship supervisor to learn more.

Can a person 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, can there be something that can be achieved to make sure payment continuity?

If a person loses their jobs after accessing our loans, the insurance coverage business since the loan is going to make repayment for a period often six months. In those times, the consumer is anticipated to own gotten another task to keep payment.

Any kind of loan offerings for brand new clients with an SME account in Union Bank?

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

If We have a superb loan and mightn’t pay off due to Covid-19, can I apply for the next loan?

You’ll submit an application for a restructuring or moratorium on the current loan to make sure that it really is doing.

Would you accept re payments in instalments?

What’s the requirements for agricultural loans?

Presently, we try not to provide loans that are agricultural people. You are able to but submit an application for a personal bank loan.

Just how can I start an income account?

Please check out some of our branches to start an income account

What’s the period for the payment of financing with Union Bank?

This can be determined by the mortgage loan and amount tenor required

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Privacy Overview

What exactly is this Privacy Notice for?

Union Bank of Nigeria Plc (“The Bank”) values your private information and now we are devoted to protecting your privacy when you connect to us. Please read this Privacy Notice (Notice) to know our policies, procedures and procedures concerning the processing of one’s individual information.

This Notice describes to you personally exactly how your own personal information is gathered, used, handled and transmitted by Union Bank as well as describes tips on how to upgrade your individual Data with us and do exercises your liberties according associated with Personal Data offered to us.

The private Information that people Collect

We gather Personal Data which you share with us; as an example, whenever you create a merchant account with us, request more info about our items, fill an application, submit an application for a work through our web site, or donate to newsletters on our internet site.

We might additionally immediately gather some information that is technical you go to our internet site such as for example your internet protocol address, and information regarding your see, for instance the pages which you viewed. These records allows us to realize consumer passions and assists us enhance our 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 link.

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

We possibly may 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 you), provide you. We might additionally process your individual Data to conform to conditions of relevant laws and regulations.

Exactly Just Just Exactly What Constitutes your Permission?

Where processing of private Data will be based upon permission, we will have the consent that is requisite the full time of collection of the non-public Data. In this respect, you consent towards the processing of one’s private Data once you access our platforms, or utilize our services, content, features, technologies or functions provided on our web site or other platforms that are digital. You can easily withdraw your permission whenever you want but such withdrawal will perhaps 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 then we restrict disclosure of one’s private Data to 3rd parties. We usually do not offer, offer or trade any private Data that individuals get away from you to your alternative party for information mining or advertising purposes. But, we possibly may share your private Data with companies involved by us to deliver solutions to Union Bank at the mercy of appropriate information safety and security. We might also share your data where there is certainly a regulatory or statutory obligation to disclose such individual information in respect with conditions of relevant laws and regulations.

Protection and Retention of the Personal Data

Your own payday loans Missouri 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 need to understand foundation. We need our staff and any 3rd events that carry down any focus on our behalf to comply with appropriate protection criteria to safeguard your own personal information.

We simply simply take appropriate measures to make sure that your private Data is just prepared when it comes to minimal period necessary in line because of the purposes put down in this Notice or as needed by relevant rules, until a period it’s not any longer required or does not have any usage. As soon as your private Data isn’t any longer required, we destroy it in a secure and manner that is secure.

Your Legal Rights

Union Bank gathers Personal Data just for the purposes identified in this Policy and such information may not be reused for the next function that is incompatible using the initial function.