What exactly is your interest that is monthly price?
The month-to-month rate of interest on our loans varies from 1.25per cent вЂ“ 3.75% .
Can I access an auto loan being an individual that is self-employed?
Must i’ve a income account with Union Bank to gain access to the car finance?
How do you discover how much i will be entitled to submit an application for?
It’s usually system suggested. Head into some of our branches and asked become scored to understand simply how much you be eligible for
Exactly just just What portion of my earnings could be accessed as that loan from your own company?
This will be auto-calculated. But, your monthly payment cannot exceed 33% of one’s wage.
I’ve a personal bank loan operating presently. At exactly exactly what point could I make an application for a top up?
You might be entitled to a premier up after three months
Do i want a letter of introduction from my manager prior to 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 i’ve a free account with Union Bank. Just how much loan could I get to create up a company?
You could get a loan that is personal going your wage 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 loan that is existing. To qualify, the client should have made at the very 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 achieved to make sure payment continuity?
If a client loses their jobs after accessing our loans, the insurance coverage business within the loan can certainly make payment for some time often a few months. In those times, the client is anticipated to own gotten another work to keep payment.
Any kind of loan offerings for brand new clients with 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?
It is possible to submit an application for a restructuring or moratorium on the existing loan to make certain that it really is doing.
Can you accept re re payments in instalments?
What’s the requirements for agricultural loans?
Presently, we try not to provide loans that are agricultural people. It is possible to nevertheless make an application for a loan that is personal.
How do a salary is opened by me account?
Please go to any one of our branches to open up a wage account
What’s the timeframe when it comes to payment of that loan with Union Bank?
This is certainly influenced by the mortgage quantity and loan tenor required
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What exactly is this Privacy Notice for?
Union Bank of Nigeria Plc (вЂњThe BankвЂќ) values your individual information therefore we are focused on protecting your privacy when you communicate with us. Please read this Privacy Notice (Notice) to know our policies, procedures and procedures concerning the processing of the individual information.
This Notice explains for your requirements exactly just exactly how your own personal 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 work out your liberties according regarding the private Data offered to us.
The private Information that people Collect
We gather Personal Data you share with us; as an example, whenever you create a merchant account with us, request more info about our services and products, fill an application, submit an application for a task through our internet site, or contribute to newsletters on our internet site.
We possibly may additionally immediately gather some technical information whenever you go to our site such as for instance your internet protocol address, and information on your check out, including the pages which you viewed. These records assists us realize client passions helping us enhance our internet site. Once you see our website, the pages you glance at, and a brief text file known as a cookie, are installed to your pc. By using and visiting our internet site, you consent to our usage of Cookies consistent with Union BankвЂ™s policies. To get more information regarding snacks, please read payday loans in Florida direct lenders our Cookies Policy available through this website website link.
Exactly just What do we make use of your private Data for?
We might process your private Data to talk to 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 may additionally process your private Data to adhere to conditions of relevant rules.
Exactly Just Exactly Just What Constitutes your Permission?
Where processing of private Data will be based upon permission, we will receive the prerequisite permission at enough time of assortment of the private Data. In this respect, you consent into the processing of the private Data once you access our platforms, or utilize our services, content, features, technologies or functions provided on our site or other platforms that are digital. You are able to withdraw your permission anytime but such withdrawal will perhaps perhaps 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 so we restrict disclosure of the Personal Data to parties that are third. We try not to offer, provide or trade any private Data that people get away from you to virtually any alternative party for information mining or advertising purposes. Nevertheless, we might share service providers to your Personal Data involved by us to produce solutions to Union Bank susceptible to appropriate information protection and security. We possibly may additionally share your details where there was a regulatory or statutory responsibility to disclose such individual Data in respect with conditions of relevant regulations.
Protection and Retention of one’s Personal Data
Your private information is held personal so 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 parties that are third carry down any work with our behalf to conform to appropriate safety requirements to safeguard your private information.
We simply just just simply take appropriate measures to make sure that your individual Data is just prepared when it comes to period that is minimum in line using the purposes put down in this Notice or as required by relevant guidelines, until a period it’s not any longer required or doesn’t have use. As soon as your private Data isn’t any longer required, we destroy it in a secure and protected way.
Your Legal Rights
Union Bank gathers private Data just for the purposes identified in this Policy and such information is not reused for the next function that is incompatible utilizing the initial function.