What exactly is your month-to-month interest price?
The interest that is monthly on our loans varies from 1.25per cent вЂ“ 3.75% .
Could I access an auto loan as an individual that is self-employed?
Must We have a wage account with Union Bank to get into the car finance?
How can I understand how much i will be entitled to submit an application for?
Normally system encouraged. Head into any one of our branches and asked become scored to learn exactly how much you be eligible for
Exactly just exactly just What portion of my earnings could be accessed as that loan from your own company?
This might be auto-calculated. Nevertheless, your repayment that is monthly cannot 33% of the wage.
I’ve a personal bank loan operating presently. At exactly exactly just what point am I able to make an application for a top up?
You might be entitled to a high up after a couple of months
Do a letter is needed by me of introduction from my manager before getting that loan?
Yes a page of introduction/undertaking is needed from your own boss
I will be a salary earner living outside Nigeria but We have a free account with Union Bank. Simply how much loan could I get to create up a small business?
You may get a unsecured loan by going your income to Union Bank. Please contact your Relationship supervisor to learn more.
Can a client servicing a loan nevertheless get another loan
Yes, a client will get a top-up loan while servicing a current loan. To qualify, the client should have made at the least 3 repayments without defaulting.
In case a customer loses their task after accessing financing from your own company, will there be something that can be achieved to make certain 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. During this time period, the client is anticipated to own gotten another work to keep payment.
Any kind of loan offerings for brand new customers with an SME account in Union Bank?
Yes, you will 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 on the existing loan to make sure that it really is doing.
Can you accept re re payments in instalments?
What’s the requirements for agricultural loans?
Presently, we usually do not provide loans that are agricultural people. You can easily nevertheless submit an application for a loan that is personal.
How do we start an income account?
Please go to any one of our branches to open up an income account
What’s the period when it comes to payment of financing with Union Bank?
This really is 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 private information and we are dedicated to protecting your privacy when you connect to us. Please read this Privacy Notice (Notice) to know our policies, procedures and procedures about the processing of the data that are personal.
This Notice describes to you personally exactly exactly exactly just how your private information is gathered, used, handled and transmitted by Union Bank as well as describes ways to upgrade your individual Data with us and work out your legal rights according for the private Data offered to us.
The private Information that individuals Collect
We gather Personal Data you share with us; for instance, once you create a free account with us, request more information about our items, fill an application, make an application for a task through our web site, or sign up to newsletters on our web site.
We might additionally immediately gather some technical information whenever you go to our web site such as for example your internet protocol address, and information regarding your see, for instance the pages you viewed. These records assists us comprehend client passions and assists us improve our internet site. You look at, and a short text file called a cookie, https://www.cash-advanceloan.net/payday-loans-nm/ are downloaded to your computer when you visit our site, the pages that. By visiting and utilizing our web site, you accept our utilization of Cookies in accordance with Union BankвЂ™s policies. For lots more information regarding snacks, please read our Cookies Policy available through this website website link.
just What do we make use of your private Data for?
We might process your own personal Data to keep in touch with 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 might additionally process your individual Data to conform to conditions of relevant regulations.
Exactly What Constitutes your Permission?
Where processing of Personal Data is dependent on permission, we will receive the necessity permission at enough time of collection of the non-public Data. In this respect, you consent towards the processing of the private Data once you access our platforms, or make use of our services, content, features, technologies or functions provided on our web site or any other platforms that are digital. You are able to withdraw your permission anytime but withdrawal that is such perhaps maybe not impact the lawfulness of processing based on permission offered 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 try not to offer, provide or trade any private Data that people get away from you to your 3rd party for information mining or advertising purposes. But, we might share service providers to your Personal Data engaged by us to offer solutions to Union Bank at the mercy of appropriate information safety and security. We possibly may additionally share your details where there clearly was a regulatory or obligation that is statutory disclose such individual information in respect with conditions of relevant guidelines.
Safety and Retention of the Personal Data
Your private information is held personal and then we remember to keep your private Data secure, including limiting usage of your individual Data with us on a need to understand foundation. We need our staff and any 3rd events that carry down any focus on our behalf to comply with appropriate safety requirements to guard your individual information.
We just simply just simply take appropriate measures to make sure that your individual Data is just prepared for the minimal period necessary in line utilizing the purposes lay out in this Notice or as needed by relevant laws and regulations, until a period it really is not any longer required or doesn’t have usage. Once your private Data is not any longer required, we destroy it in a secure and safe way.
Union Bank gathers private Data just for the purposes identified in this Policy and such information can not be reused for the next function this is certainly incompatible utilizing the initial function.