Diversity is the beauty of life. As such in this post, I have brought you in their best form the different categories of Union Bank Loan and every thee thing you need to know about the loan.
Requirements
To understand the various requirements for Union Bank loan, you must first learn that there are various categories of loans offered by Union Bank and each bears its unique requirements.
UnionPlus
The UnionPlus loan is designed for customers who earn salary. Here, customers can borrow up to N150 million and repay in 60 months. Your annual income range must be between N216,000 and N30,000,000 before you will offered the loan.
You are required to have the following documents for this loan:
- First, a completed Application Form
- A letter of Undertaking from your employer.
UnionFlexi
This loan is designed for salaried customers who has an annual salary of up to 30 million Naira. On Unionflexi you can borrow up to 50 million Naira to pay in 60 months.
You also need the documents stated above in UnionPlus for the Unionflexi loan.
Payadvance
This is a loan is designed for customers who are on salary. On this loan, customers can get up to 50% of their monthly salary prior to payday and to pay back with a period of 12 months.
You are required to have the following requirements:
- The completed loan Application Form
- A letter of Undertaking from employer.
- A proforma Invoice.
How to apply
There are two methods through which you can apply for the Union Bank loan. You can apply online: Apply Here
You can also apply offline by visiting any Union Bank branch close to you. Obtain the loan application form from the customer service provider. Fill the necessary field with valid and verifiable information about you. Submit the filled form alongside your supporting documents.
Interest Rate
It is nor certain to us the interest rate of the loan Union Bank Nigeria offers. As that may be the case now, we can always keep you updated with it when we find out the actual interest rate.
Other Popular Banks That Gives Loans In Nigeria:
- Federal Government Empowerment Loan For Entrepreneur
- Rosabon Finance Quick Loan
- Federal Government Loan Scheme For Youth
- Bank Of Agriculture Nigeria Loan
- Zedvance Loan
- Dbn Loan Nigeria
- Smedan Loan
- Page Loan
- Sterling Bank Loan
- Lsetf Loan
Repayment
The repayment period of each of the Union Bank loans has been described alongside each loan.
Meanwhile, if you were unable to pay within the stipulated time of the loan, you may have a grace of extra three months. But terms and conditions also apply.
Repayment is done on due dates of payment as the bank will deduct the proper amount from your account. You can also pay using your debit card online or via the ATM. Always contact the customer service for help.
Pros & Cons
| Pros | Cons |
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Mobile App
Customer Care
You can connect to the UnionCare via this number: +234-1-2716816
You can also write them a mail on this address: customerservice@unionbankng.com
| Official Website | www.unionbankng.com |
|---|---|
| Contact Number | +234-1-2716816 |
Branches & Head Office
The Head Office of Union Bank Nigeria is located at Stallion Plaza, 36 Marina, Lagos State.
You can locate the branch nearest to you: Use the Union Bank Branch Locator
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