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Union Bank Agency Loan – Overdraft

Lender

Union Bank of Nigeria

Eligibility

Agency Banking Agents with net turnover of at least N3,000 and overall credit turnover of N10,000. The age limit of the applicant must be between 21 and 60.

Loan Limit

Maximum Limit: N250,000 (two hundred and fifty thousand naira)

Interest Rate

Maximum Interest Rate: 12 – 38% p.a (system advised).
Insurance: 0.7%
Management Fee: 1%

Max Tenor

The repayment period is a maximum of: up to 6 months (clean up cycle – every 7days)

Security Required

Inflow domiciliation.
Insurance.
Personal Guarantor

Documents Required

Undated cheques
Duly filled Application form and Offer letter.
Account statement.
Document in Transit.
Retail loan Checklist.
Personal Guarantor’s Form
Statement of Networth

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
10 00010 000 000
160
050
 
 
 

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