Faqs
What exactly is your month-to-month interest price?
The month-to-month rate of interest on our loans varies from 1.25per cent – 3.75% .
Am I able to access an auto loan being an individual that is self-employed?
Must i’ve an income account with Union Bank to get into the motor car finance?
Just how do I discover how much i will be qualified to make an application for?
Normally system encouraged. Head into some of our branches and asked become scored to understand exactly how much you be eligible for a
Just exactly What portion of my earnings may be accessed as that loan from your own company?
That is auto-calculated. But, your repayment that is monthly cannot 33% of the wage.
I’ve a personal bank loan operating presently. At just just exactly what point could I submit an application for a top up?
You might be qualified to receive a top up after a few months
Do a letter is needed by me of introduction from my boss prior to 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 an account is had by me with Union Bank. Exactly how much loan can I get to create up a company?
You will get a personal bank loan by going your wage to Union Bank. Please speak to your Relationship supervisor to find out more.
Can a person servicing a loan nevertheless get another loan
Yes, a person could possibly get a top-up loan while servicing a current loan. To qualify, the client will need to have made at the very least 3 repayments without defaulting.
In case a customer loses their task after accessing financing from your own company, will there be something that can be carried out to make certain payment continuity?
If a client loses their jobs after accessing our loans, the insurance coverage business since the loan could make repayment for a period frequently six months. In those times, the client is anticipated to own gotten another task to carry on payment.
Any kind of loan offerings for brand new clients by having an SME account in Union Bank?
Yes, you can 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 are able to submit an application for a restructuring or moratorium on your own current loan to make certain that it really is doing.
Would you accept re re payments in instalments?
What’s the requirements for agricultural loans?
Presently, we try not to provide agricultural loans to people. You can easily but make an application for a loan that is personal.
Just how can we open a wage account?
Please go to some of our branches to start an income account
What’s the length for the payment of that loan with Union Bank?
This is certainly influenced by the mortgage quantity and loan 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 focused on protecting your privacy when you connect to us. Please look at this Privacy Notice (Notice) to comprehend our policies, procedures and procedures concerning the processing of one’s individual information.
This Notice describes to you personally just just exactly how your own personal information is gathered, utilized, handled and transmitted by Union Bank and in addition describes tips on how to upgrade your private Data with us and work out your liberties according associated with private 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 information that is technical you go to our web site such as for instance your ip, and details about your check out, for instance the pages which you viewed. These records assists us comprehend consumer passions and assists us enhance our internet site. Whenever you see our website, the pages you glance at, and a brief text file known as a cookie, are installed to your computer or laptop. By visiting and using our internet site, you consent to our usage of Cookies consistent 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 individual Data to talk to you (including delivering advertising or promotional materials for your requirements), offer you more info about our items and exactly how we are able to provide you better, answer your purchase purchases or demands, procedure the job for work with Union Bank or even to fulfil our contractual responsibilities with you. We may additionally process your individual Data to conform to conditions of relevant guidelines.
Exactly Exactly Just What Constitutes your Consent?
Where processing of private Data will be based upon permission, we will have the consent that is requisite the full time of assortment of the private Data. In this respect, you consent towards the processing of the private Data whenever you access our platforms, or utilize our services, content, features, technologies or functions offered on our site or any other platforms that are digital. It is possible to withdraw your permission at any time but such withdrawal will perhaps perhaps not influence 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 parties that are third. We try not to offer, offer or trade any private Data that people get away from you to your alternative party for information mining or advertising purposes. Nonetheless, we possibly may share your individual Data with companies involved by us to present solutions to Union Bank at the mercy of appropriate information protection and security. We might additionally share your data where there clearly was a regulatory or obligation that is statutory disclose such individual information in respect with conditions of relevant rules.
Protection and Retention of one’s Personal Data
Your individual information is held personal therefore we remember to maintain your private Data secure, including limiting use of your private Data with us on a need to understand foundation. We need our staff and any 3rd events that carry down any work with our behalf to comply with appropriate protection requirements to guard your own personal information.
We just just just take appropriate measures to ensure that your individual Data is just prepared when it comes to minimal period necessary in line aided by the purposes put down in this Notice or as needed by relevant regulations, until a period it’s 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 payday loans KY secure and manner that is secure.
Your Legal Rights
Union Bank gathers private Data just for the purposes identified in this Policy and such information is not reused for the next function this is certainly incompatible aided by the purpose that is original.