Faqs
What’s 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 a wage account with Union Bank to gain access to the car finance?
Just how do I understand how much i will be entitled to make an application for?
It’s usually system suggested. Head into any one of our branches and asked become scored to understand simply how much you be eligible for a
just exactly just What portion of my earnings could be accessed as that loan from your own company?
This will be auto-calculated. But, your repayment that is monthly cannot 33% of the income.
We have a loan that is personal presently. At exactly exactly exactly exactly what point may I make an application for a top up?
You may be entitled to a premier up after a few months
Do a letter is needed by me of introduction from my boss prior to getting financing?
Yes a page of introduction/undertaking is necessary from your own company
I’m a salary earner living outside Nigeria but i’ve a free account with Union Bank. Simply how much loan may I get to create up a small business?
You may get a unsecured loan by going your income to Union Bank. Please speak to your Relationship supervisor to learn more.
Can a client 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 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, can 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 company since the loan is going to make repayment for a period frequently a few months. The customer is expected to have gotten another job to continue repayment during this period.
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.
If i’ve a highly skilled loan and mightn’t pay off due to Covid-19, can I apply for the next loan?
It is possible to make an application for a restructuring or moratorium in your current loan to make certain that it really is doing.
Would you accept payments in instalments?
What’s the requirements for agricultural loans?
Presently, we try not to provide loans that are agricultural individuals. You are able to nevertheless submit an application for a personal bank loan.
Just how can a salary is opened by me account?
Please check out some of our branches to start an income account
What’s the timeframe when it comes to payment of that loan with Union Bank?
This might be influenced 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 individual information and then we are invested in protecting your privacy when you communicate with us. Please look at this Privacy Notice (Notice) to comprehend our policies, procedures and procedures about the processing of one’s data that are personal.
This Notice describes for you exactly exactly just how your own personal information is gathered, utilized, handled and moved by Union Bank and in addition describes ways to upgrade your individual Data with us and work out your liberties according associated with private 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 free account with us, request more info about our services and products, fill an application, make an application for a work through our web site, or donate to newsletters on our site.
We possibly may additionally immediately gather some technical information whenever you go to our web site such as for example your internet protocol address, and details about your check out, including 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 visiting and making use of our web site, you accept 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 link.
Exactly just What do we make use of your private Data for?
We might process your own personal Data to talk to 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 private Data to conform to conditions of relevant legislation.
Exactly Exactly Just Just What Constitutes your Permission?
Where processing of private Data is dependent on permission, we will receive the necessity permission at the full time of collection of the private Data. In this respect, you consent towards the processing of the private Data once you access our platforms, or utilize our services, content, payday loans in Illinois features, technologies or functions provided on our site or any other electronic platforms. It is possible to withdraw your permission whenever you want but such withdrawal will perhaps perhaps 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 so we restrict disclosure of the private Data to 3rd events. We usually do not offer, provide or trade any private Data that individuals get from you to virtually any alternative party for information mining or advertising purposes. Nevertheless, we possibly may share your individual Data with providers involved by us to produce solutions to Union Bank susceptible to appropriate information safety and security. We possibly may additionally share your details where there was a regulatory or statutory responsibility to disclose such individual information in respect with conditions of relevant guidelines.
Protection and Retention of one’s Personal Data
Your private information is held personal and then we remember to maintain your private Data secure, including limiting usage of your individual Data with us on a need to understand foundation. We need our staff and any 3rd events that carry away any work with our behalf to conform to appropriate protection criteria to guard your private information.
We simply just just take appropriate measures to make sure that your individual Data is just prepared for the minimal period necessary in line utilizing the purposes put down in this Notice or as needed by relevant rules, until an occasion it really is not required or does not have any usage. As soon as your Personal 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 may not be reused for the next function this is certainly incompatible because of the purpose that is original.
