Union Bank Personal Loans For Individuals

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Union Bank Personal Loans For Individuals

Union Bank Personal Loans For Individuals

Growing up with my parents was rewarding, at an early stage, the world of personal finance and how to take care of the home with the meager salary earned as teachers gave me the sad realization that no civil servant in Nigeria, lives solely on his salary. Even before payday, most workers have accrued half of their salary to debt, and one the Salary comes through; it goes to debt financing.

 

Imagine waking to a feverish wife or loved one, with no health insurance and just enough cash to take you through the day. And nowhere in the day did you budget to take anyone to the hospital or buy drugs.

A loan might just be the only solution.

[READ ALSO: Money Problems That Should Not Be Financed Using a Loan]

Union Bank Personal Loans For Individuals

Whether its the situation painted above on some other positive ideas, and financing is a challenge; Union Bank Personal Loan is just the answer.

Union Plus Personal Loan

  • This loan is designed for people in the Annual income range of N216, 000 – N30, 000,000
  • The repayment between 12-60 months
  • Loans available between N50, 000 and N15, 000,000

Documents Required for UnionPlus

  • A completed Application Form
  • A letter of Undertaking from the employer.

NOTE; your salary account must be domiciled with Union Bank.  

Union Flexi Personal Loan

  • The annual income range: Minimum N30, 000,000
  • The repayment for the loan is  between 12-60 months
  • Loans available between N5, 000,000 and N50, 000,000

Documents Required For Union Flexi

  • A completed Application Form
  • A letter of Undertaking from the employer.

Payadvance Personal Loan

  • The annual income range for a beneficiary is: Minimum N300, 000
  • The repayment is  in 12 months
  • Loans available between N25, 000 and 50% of monthly salary

NOTE: By annual income, we mean that the sum of income earned by a customer in a fiscal year should not be below the minimum standards as stated in each loan service. 

[READ ALSO; How to apply for First Bank Nigeria Automobile Loan]

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