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Union Bank NYSC Loan

Lender

Union Bank of Nigeria

Eligibility

For Corp Members who must be earning a minimum monthly allowance of N33,000. They must have received a minimum of one month allowance with Union Bank Plc
The maximum age is 30 years.

Loan Limit

Maximum Limit: N100,000 (one hundred thousand naira)

Interest Rate

Maximum Interest Rate: 22% p.a.
Insurance: 1%
Management Fee: 1%

Max Tenor

The repayment period is a maximum of: 10 months

Security Required

Allowance domiciliation.
Insurance.

Documents Required

Standard Letter of undertaking.
Duly filled Application form and Offer letter.
Account statement.
Document in Transit.
Retail loan Checklist.

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
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