Faqs
What exactly is your month-to-month interest price?
The interest that is monthly on our loans varies from 1.25per cent – 3.75% .
May I access an auto loan being a self-employed person?
Must i’ve a wage account with Union Bank to gain access to the car finance?
How do you discover how much i will be qualified to submit an application for?
It’s usually system encouraged. Head into some of our branches and asked become scored to understand just how much you be eligible for
Exactly exactly just What portion of my earnings may be accessed as that loan from your own company?
This is certainly auto-calculated. Nevertheless, your repayment that is monthly cannot 33% of the income.
We have a loan that is personal presently. At exactly just just what point am I able to make an application for a top up?
You will be qualified to receive a top up after three months
Do a letter is needed by me of introduction from my boss prior to getting that loan?
Yes a page of introduction/undertaking is needed from your own manager
I will be a salary earner payday loans online in West Virginia living outside Nigeria but i’ve a merchant account with Union Bank. Exactly how much loan could I get to create up a small business?
You will 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, an individual will 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?
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 clients by having an SME account in Union Bank?
Yes, you can find loans for our SME customers too.
I apply for another loan if I have an outstanding loan and couldn’t pay back due to Covid-19, can?
You are able to make an application for a restructuring or moratorium in your current loan to make certain that it’s doing.
Do you realy accept re payments in instalments?
What’s the requirements for agricultural loans?
Presently, we usually do not provide agricultural loans to people. You can easily but submit an application for a unsecured loan.
How do a salary is opened by me account?
Please check out any one of our branches to open up an income account
What’s the extent for the payment of financing with Union Bank?
That is 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 so we are invested in protecting your privacy when you connect to us. Please read this Privacy Notice (Notice) to comprehend our policies, procedures and procedures in connection with processing of the individual information.
This Notice describes for you exactly just how your individual information is gathered, utilized, handled and moved by Union Bank and in addition explains tips on how to upgrade your individual Data with us and do exercises your liberties according associated with the private Data offered to us.
The private Information that individuals Collect
We gather Personal Data you give us; for instance, whenever you create a merchant account with us, request more information about our services and products, fill an application, submit an application for a task through our internet site, or donate to newsletters on our site.
We possibly may additionally immediately gather some information that is technical you go to our internet site such as for instance your internet protocol address, and details about your see, for instance the pages which you viewed. These records allows us to comprehend consumer passions and assists us enhance our site. You look at, and a short text file called a cookie, are downloaded to your computer when you visit our site, the pages that. By visiting and utilizing our site, you accept our usage of Cookies in accordance with Union Bank’s policies. For lots more information regarding snacks, please read our Cookies Policy available through this website website link.
Exactly just just What do we use your private Data for?
We possibly may process your own personal Data to keep in touch with you (including delivering advertising or marketing materials for you), offer you more information about our services and products and exactly how we could provide you better, answer your purchase requests or needs, procedure the job for work with Union Bank or even to fulfil our contractual responsibilities with you. We might also process your private Data to conform to conditions of relevant guidelines.
Just Exactly What Constitutes your Permission?
Where processing of private Data is dependant on permission, we will have the necessity permission at the full time of number of the private Data. In this respect, you consent to your processing of the private Data whenever you access our platforms, or utilize our services, content, features, technologies or functions offered on our web site or other platforms that are digital. It is possible to withdraw your permission whenever you want but such withdrawal will perhaps maybe maybe maybe 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 3rd events. We usually do not offer, provide or trade any private Data that people get away from you to your 3rd party for information mining or advertising purposes. Nevertheless, we possibly may share service providers to your Personal Data involved by us to present solutions to Union Bank susceptible to appropriate information protection and security. We possibly may additionally share your details where there is certainly a regulatory or obligation that is statutory disclose such individual information in conformity with conditions of relevant guidelines.
Protection and Retention of the Personal Data
Your private information is kept personal and then we remember to maintain your private Data secure, including limiting use of your individual Data with us on a need to understand foundation. We need our staff and any parties that are third carry away any work with our behalf to adhere to appropriate safety requirements to guard your private information.
We simply just just take appropriate measures to make sure that your private Data is just prepared for the period that is minimum in line with all the purposes lay out in this Notice or as required by relevant regulations, until an occasion it really is not required or doesn’t have usage. As soon as your private Data isn’t any longer required, we destroy it in a safe and protected way.
Your Liberties
Union Bank gathers private Data just for the purposes identified in this Policy and such information can not be reused for the next function that is incompatible because of the purpose that is original.
