What exactly is your month-to-month interest price?
The month-to-month interest on our loans varies from 1.25per cent вЂ“ 3.75% .
May 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 motor auto loan?
How do you discover how much i will be entitled to submit an application for?
It’s usually system encouraged. Head into any one of our branches and asked become scored to learn simply how much you be eligible for
Just just exactly just What portion of my earnings could be accessed as that loan from your own company?
This will be auto-calculated. Nonetheless, your monthly payment cannot exceed 33% of one’s income.
I’ve a loan that is personal presently. At exactly exactly just what point may I submit an application for a top up?
You might be qualified to receive a high up after a few months
Do a letter is needed by me of introduction from my boss prior to getting financing?
Yes a page of introduction/undertaking is necessary from your company
I will be a salary earner living outside Nigeria but We have a free account with Union Bank. Simply how much loan am I able to get setting up a small business?
You may get a loan that is personal going your income to Union Bank. Please speak to 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 work 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. Read More