Customers who use Union Bank loans have a wide range of options to help them realize their goals and aspirations. Basically, there is something for everyone, from business owners to wage employees to retirees. Today, taking out loans has become a common alternative, particularly when attempting to invest or just pay the bills. Therefore, Union Bank Loans have you covered for any cause it may be.
What Loans Are Offered By The Union Bank?
Union Bank Loan, which holds a CBN license, provides a range of alternatives to its clients, including:
Paycheck Loans
Payroll loans are designed in particular for people whose salaries are deposited into Union bank accounts. Because of this, payroll loans give you a variety of possibilities at reasonable rates. Amazingly, if you take out a loan with a term of between two and five years and repay it on time, you may even be eligible for cashback benefits. The goods falling under this service consist of:
- Individual loan
- Salary increase
- Back-to-school spending
- Loans for senior citizens
- Loans from Union Flexi
Online loans
Digital loans from Union Bank continue the profitable trend of providing microloans to people who require quick money for private purposes. As a result, you won’t have to worry about searching or paperwork thanks to this service. Basically, all you need to do is use the Union Bank mobile app, ATMs, or USSD code to access the loan. The payday loan, which allows you to borrow up to 50% of your salary and repay it in a month without any security, is the main product offered by this service.
Unsecured Loans
Nonpayroll loans are intended for people without an active job who are unable to demonstrate a stable source of income. In essence, it is intended to help businesspeople advance with the least amount of stress. Additionally, you may select one of the options listed below:
You can also apply for the Short Code To Borrow Loan
• Loans for self-employment
• Revolving overdraft for self-employed people
• Loans backed by cash.
Does Union Bank Offer Unsecured Loans?
They do, indeed. This option is restricted and is only offered with specific loan types. One of these is a digital loan, which allows you to borrow up to 50% of your monthly revenue with the promise of repaying it in a single month. In essence, you don’t need any kind of collateral at all for the digital loan.
What Is The Interest Rate On Loans From The Union Bank?
The interest rate on loans from Union banks is not fixed. Instead, they would disclose the applicable interest during the application process, giving you the choice to accept or decline the offer. Additionally, the interest rate changes according to the type of loan as well as other elements including loan size and tenure. However, it ranges from 1% to 3.75% on average.
What Is The Code For Loans From Union Bank?
You can start the process of obtaining a Union bank loan by dialing the USSD code *826*41#. There would be a number of options available when dialing the code. Following that, you may therefore follow the prompt and select from the offered options.
How Can I Apply For Loans From Union Bank?
To apply for loans from Union Bank, just adhere to the steps below:
• Go to https://www.unionbankng.com/loans/#personal-loan to access their official website.
• Scroll to and select your selected loan.
• To learn more about what it comprises, use the “loan application tutorial” option located just beneath the loan dialog box.
• When finished, press the “apply for a loan” button to continue.
How Can I Reach Union Bank?
Any of the following methods can be used to contact the bank:
Phone: +234-1-2716816
Feedback and support for customers are available at https://www.unionbankng.com/support/#feedback-and-support
Or go to one of their nearby locations
Conclusion
Union Bank has been serving its clients’ requirements for many years and has been in business for more than a century. Feel free to stop by at any moment to submit an application for a loan since they offer some of the greatest services in the nation.
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