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Faqs

What’s your interest that is monthly price?

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

Am I able to access an auto loan as an individual that is self-employed?

Must We have an income account with Union Bank to gain access to the auto loan?

How do you discover how much I am qualified to submit an application for?

Normally system suggested. Head into some of our branches and asked become scored to understand just how much you be eligible for

Exactly just just just What portion of my earnings may be accessed as that loan from your own company?

This might be auto-calculated. Nonetheless, your repayment that is monthly cannot 33% of one’s income.

We have a loan that is personal presently. At just exactly what point can I submit an application for a top up?

You will be entitled to a high up after three months

Do a letter is needed by me of introduction from my manager before getting that loan?

Yes a page of introduction/undertaking is necessary from your own manager

I will be a salary earner living outside Nigeria but an account is had by me with Union Bank. Just how much loan could I get to create up a small business?

You may get a loan that is personal going your income to Union Bank. Please speak to your Relationship supervisor to find out more.

Can a client servicing a loan nevertheless get another loan

Yes, a client will get a top-up loan while servicing a existing loan. To qualify, the consumer should have made at the very least 3 repayments without defaulting.

In case a client loses their work after accessing that loan from your own company, will there be something that can be carried out to make sure payment continuity?

The insurance company covering the loan will make payment for a period of time usually 6 months if a customer loses their jobs after accessing our loans. The customer is expected to have gotten another job to continue repayment during this period.

What are the loan offerings for brand new customers with an SME account in Union Bank?

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

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

You can easily submit an application for a restructuring or moratorium in your current loan to make certain that it really is doing.

Would you accept re re re payments in instalments?

https://autotitleloansplus.com/payday-loans-me/

What’s the requirements for agricultural loans?

Presently, we usually do not provide agricultural loans to individuals. You’ll nevertheless submit an application for a loan that is personal.

Just how can we start a income account?

Please go to some of our branches to open an income account

What’s the period when it comes to payment of that loan with Union Bank?

This might be influenced by the mortgage quantity and loan tenor required

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Privacy Overview

What is this Privacy Notice for?

Union Bank of Nigeria Plc (“The Bank”) values your private information therefore we are devoted to protecting your privacy when you communicate with us. Please read this Privacy Notice (Notice) to know our policies, procedures and procedures in connection with processing of the individual data.

This Notice describes for you exactly how your individual information is gathered, utilized, handled and moved by Union Bank as well as describes tips on how to upgrade your individual Data with us and do exercises your liberties according regarding the private Data supplied to us.

The private Information that individuals Collect

We gather Personal Data which you give us; as an example, whenever you create a free account with us, request more information about our services and products, fill an application, submit an application for a task through our site, or sign up to newsletters on our internet site.

We possibly may additionally immediately gather some information that is technical you go to our web site such as for instance your internet protocol address, and information on your see, like the pages you viewed. These details assists us comprehend client passions and assists us enhance our site. Whenever you see our website, all pages and posts you have a look at, and a quick text file known as a cookie, are installed to your pc. By visiting and making use of our site, you consent to our usage of Cookies consistent with Union Bank’s policies. For lots more information regarding Cookies, please read our Cookies Policy available through this website website link.

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

We possibly may process your individual 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 comply with conditions of relevant legislation.

Exactly Exactly Just What Constitutes your Permission?

Where processing of private Data is dependent on permission, we will have the consent that is requisite the full time of assortment of the non-public Data. In this respect, you consent to your processing of one’s private Data once you access our platforms, or utilize our services, content, features, technologies or functions provided on our internet site or other platforms that are digital. You can easily withdraw your permission anytime but such withdrawal will perhaps 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 therefore we restrict disclosure of one’s private Data to parties that are third. We usually do not offer, offer or trade any Personal Data that people get away from you to virtually any alternative party for information mining or advertising purposes. Nevertheless, we possibly may share service providers to your Personal Data involved by us to give you solutions to Union Bank at the mercy of appropriate information safety and security. We possibly may additionally share your details where there is certainly a regulatory or statutory responsibility to disclose such individual information in respect with conditions of relevant regulations.

Safety and Retention of the Personal Data

Your private information is held personal and now we remember to maintain 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 work with our behalf to conform to appropriate safety criteria to safeguard your private information.

We just simply just just take appropriate measures to make sure that your private Data is prepared when it comes to minimal period necessary in line utilizing the purposes lay out in this Notice or as needed by relevant regulations, until an occasion 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 safe way.

Your Liberties

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 with all the initial function.