Faqs
What exactly is your interest that is monthly rate?
The month-to-month interest 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 auto loan?
How can I discover how much i will be entitled to make an application for?
It’s usually system encouraged. Head into any one of our branches and asked become scored to learn just how much you be eligible for
Just exactly just exactly What portion of my earnings could be accessed as that loan from your own firm?
This really is auto-calculated. But, your monthly payment cannot exceed 33% of the wage.
We have a loan that is personal presently. At exactly exactly just what point am I able to make an application for a top up?
You will be entitled to a premier up after a few months
Do i want a letter of introduction from my manager prior to getting financing?
Yes a page of introduction/undertaking is necessary from your own boss
I will be a salary earner living outside Nigeria but We have a free account with Union Bank. Simply how much loan am I able to get setting a business up?
You will get a loan that is personal 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 least 3 repayments without defaulting.
In case a customer loses their task after accessing that loan from your own company, will there be something that can be carried out to make sure payment continuity?
If an individual loses their jobs after accessing our loans, the insurance coverage business within the loan can certainly make repayment for some time frequently half a year. The customer is expected to have gotten another job to continue repayment during this period.
What are the loan offerings for brand new clients having an SME account in Union Bank?
Yes, you can find loans for our SME customers too.
If i’ve a superb loan and mightn’t repay due to Covid-19, can I apply for the next loan?
You can easily make an application for a restructuring or moratorium in your current loan to make sure that it really is doing.
Do you realy accept payments in instalments?
What’s the requirements for agricultural loans?
Presently, we usually do not provide agricultural loans to people. You are able to nonetheless submit an application for a unsecured loan.
How do a salary is opened by me account?
Please check out some of our branches to start an income account
What’s the length for the repayment of that loan with Union Bank?
This can be determined 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 we also are dedicated to protecting your privacy when you connect to us. Please look at this Privacy Notice (Notice) to know our policies, procedures and procedures in connection with processing of the individual information.
This Notice describes for you exactly just how your private information is gathered, utilized, handled and moved by Union Bank as well as describes tips on how to upgrade your private Data with us and work out your legal rights according for the 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 payday loans in South Carolina example, when you create an account.
We possibly may additionally immediately gather some information that is technical you go to our internet site such as for instance your ip, and information regarding your see, like the pages which you viewed. These records allows us to comprehend consumer passions helping us enhance our site. Once you see our website, the pages you glance at, and a quick text file known as a cookie, are installed to your personal computer. By using and visiting our internet site, you consent to our utilization of Cookies in accordance with Union Bank’s policies. To get more information regarding snacks, please read our Cookies Policy available through this website website website website link.
Just just What do we make use of your private Data for?
We might process your individual Data to keep in touch with you (including delivering advertising or marketing materials to you personally), offer you more info about our items and exactly how we could provide you better, react to 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 adhere to conditions of relevant laws and regulations.
Exactly Exactly Exactly Just What Constitutes your Permission?
Where processing of private Data is dependant on permission, we will receive the consent that is requisite the full time of number of the private Data. In this respect, you consent towards the processing of one’s private Data whenever you access our platforms, or make use of our services, content, features, technologies or functions provided on our site or any other electronic platforms. You can easily withdraw your permission anytime but withdrawal that is such perhaps maybe 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 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 alternative party for information mining or advertising purposes. Nonetheless, we might share your private Data with companies involved by us to supply solutions to Union Bank at the mercy of appropriate data safety and security. We possibly may additionally share your details where there clearly was a regulatory or obligation that is statutory disclose such individual information in respect with conditions of relevant laws and regulations.
Safety and Retention of one’s Personal Data
Your individual information is held personal and we also remember to maintain your private Data secure, including limiting use of your individual Data with us on a necessity to know foundation. We need our staff and any parties that are third carry down any focus on our behalf to conform to appropriate protection criteria to safeguard your individual information.
We simply simply simply just take appropriate measures to make sure that your individual Data is just prepared for the minimal period necessary in line because of the purposes lay out in this Notice or as needed by relevant rules, until an occasion it really is not any longer required or doesn’t have usage. As soon as your private Data isn’t any longer required, we destroy it in a secure and safe way.
Your Legal Rights
Union Bank gathers private Data just for the purposes identified in this Policy and such information can’t be reused for the next function that is incompatible with all the initial function.