You are currently viewing Union Bank Payday Loan

Union Bank Payday Loan

Lender

Union Bank of Nigeria

Eligibility

For all employees and pensioners who are eligible for any of Union Bank’s payroll loans. They must have received a minimum of three month salary or pension with Union Bank. The age range is 21 to 60.

You can access the loan via
USSD – *826*41#
UnionMobile App
Union Bank ATMs

Loan Limit

Maximum Limit: 50% of monthly salary or pension.

Interest Rate

Interest Rate: 2.08% flat or 24.96% p.a.
Insurance: Not Applicable
Management Fee: 1%

Max Tenor

The repayment period is a maximum of: 30 days

Security Required

Salary domiciliation.

Documents Required

You can access the loan via
USSD – *826*41#
UnionMobile App
Union Bank ATMs

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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