How To Apply For Union Bank Salary Advance

Union Bank has been one of the frontline commercial banks for decades in Nigeria. It is one of Nigeria's oldest and unarguably biggest banks. Over the years, the bank has constantly helped its customers meet their financial obligations. A new feather that has been added to the bank is the introduction of its salary advance scheme. Apart from salary advance loans, the bank offers other types of loans such as Personal loans, Back-to-school Finance, Senior Citizen loans, UnionFlexi loans, and Mortgage loans.

Union Bank Salary Advance Loan

If you need urgent cash before your next pay cheque, the Union Bank Salary Advance provides you with a credit line with an overdraft of up to 50% of your salary for a 12-month term at competitive rates.

Features 

• Minimum monthly salary – N15,000
• Maximum loan amount-N100,000
• Loan tenor – 30 days
• Salary domiciliation – 3 months
• Loan limit – 50% of salary

How To Apply For Union Bank Payday Loan

To apply for this loan, you can choose any of the options below:

• Dial *826*41# from your mobile phone
• Apply via the UnionMobile App. CLICK HERE to download the app if you are an android user. If you are an iPhone user, CLICK HERE
• Apply via Union Bank ATMs if you have a salary account domiciled with Union bank.

Union Bank Non-Payroll Loans

This is good news for those who don't have a salary account domiciled with Union bank. 

Self-employed loans

If you are a business owner or self-employed professional in need of financial support for your business or organization, this loan can help you upscale your small-scale business or run the daily activity of your organization.

Features:

• Minimum cash flow –
  • • Net: N5,000
    • Average turnover: N15,000
    • Maximum loan amount – N1 million
    • Maximum loan tenor – 6 months
  • Length of relationship with UBN – 12 months

Union Bank Self-employed revolving overdraft

Access up to N5 million to facilitate the day-to-day activities of your large-scale business in any location nationwide.

Features:

• • Net Turnover – N10,000 per month
  • Credit Turnover – N50,000 per month
  • Tenor – 6 months
  • Max Loan Amount – N5 million
  • Clean-up cycle – every 60 days

Union Bank Cash-Backed Loan

You can get a loan for your personal or business needs fully backed by your investments.

Features of the cash-backed loan:

• Maximum loan amount – 80% of the investment amount
• Interest rate – 15%
• Maximum loan tenor – 12 months

Customers eligible for the cash-backed loan

• Customers with target savings products (e.g UnionKorrect, UnionFlex etc)  CASH BACKED APPLICATION FORM – TSPs

CLICK HERE for more information about Union Bank loans

To fill a Union bank loan application form, CLICK HERE

Union Bank Customer Care

To connect with Union Bank customer care, Call Union care on

 +234-1-2716816