Union bank is a household name in the banking industry of Nigeria. For your financial progress, they offer a wide range of loans to make your plans and visions a reality. Their loan process is straightforward and caters to the needs of all categories of individuals, including salary earners, pensioners, and entrepreneurs. Read on to find out about their loan services in detail.
They categorized Union bank loans into three major categories, they are:
payroll loans are for those whose salary account is domiciled with union bank. As a deal sweetener, you even get a cash reward for paying back in time. However, this only holds for loans with a tenor within 2 to 5 years. The available packages under payroll loans are:
this loan provides up to N15 million for you to settle your personal needs. It has a maximum tenor of 5 years and is only available to employees whose salary accounts are domiciled with the bank.
this provides up to 50% of your salary up front and has a maximum tenor of 12 months. To qualify, your salary account must have been domiciled for at least a month with union bank.
Every parent needs to send their child to school, and salary advance ensures that is possible. It offers up to N15 million in tuition loans for you to pay your child’s school fees, with a maximum tenor of 12 months.
As retired personnel, you can get up to N10 million to finance your personal project and pay back over a period of 5 years.
lastly, this loan is available only to those who earn up to N30 million per annum. If you do, you can obtain up to N50 million, and pay within 60 months.
they put digital loans in place in case you need quick cash. Therefore, it saves you the stress of hurrying around for money when tight. It is basically a payday loan where you can access up to 50% of your salary and pay it back in a month.
You can access the loan through the following means:
This is for self-employed individuals and SME owners. There are different services under non-payroll loans that help you meet your financial needs. The services are:
To apply, simply follow the process below:
Union bank remains one giant in the industry and boasts numerous years of offering excellent customer services. Their loans are easy, quick, and accessible to anyone. It also caters to the needs of employees, SMEs, and tech-oriented customers.