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UBN Cash Backed Against TSP

Lender

Union Bank of Nigeria

Eligibility

All customers with TSP of minimum of N37,500 savings

Loan Limit

Maximum Limit: 80% of amount in TSP

Interest Rate

Maximum Interest Rate: 15% p.a
Insurance: Not Applicable
Management Fee: 1%

Max Tenor

12 months (minimum tenor is 6 months)

Security Required

Lien & Cash Collateral Agreement Form

Documents Required

Standard Letter of undertaking.
Duly filled Application form and Offer letter.
Account statement.
Document in Transit.
Retail loan Checklist.
Lien & Cash Collateral Agreement Form

Approval Time

About two to seven working days from the time you submit all the required documentation

Thinking About Repayment Plan?

Calculate the monthly payment and overpayment for the loan
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