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. Read More