Loans
We offer flexible and convenient personal banking loans tailored to help you meet your financial needs. Whether you need money to sort out personal needs, education, medical emergencies, or other needs, we have a loan tailored to your need at competitive interest rates and convenient repayment plans.
Payroll Loans
Is your salary paid into your Union Bank account? Then, you can apply for a payroll loan designed for salary earners who need quick financial support.
What’s even more exciting? You get a cash back reward when you take a loan for 2-5 years and repay on time!
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Personal Loan
Need quick cash to settle some of your personal needs? Get a loan of up to ₦15 million naira with your Union Bank salary account and pay back over 5 years.
Features:
- Minimum monthly salary – ₦15,000
- Maximum loan amount – ₦15 million
- Maximum loan tenor – 60 months
- Salary domiciliation – 1 month
Salary Advance
Need quick cash before the next pay day? You can access up to 50% of your salary as an overdraft for a 12-month period at competitive rates.
Features:
- Minimum monthly salary – ₦15,000
- Maximum loan amount – 50% of monthly salary.
- Maximum loan tenor – 12 months
- Salary domiciliation – 1 month
Back-To-School Finance
Schools are back in session. Let’s help you tick one thing off your list. Get a back-to-school loan to pay for your children or wards’ tuition instantly.
Features:
- Maximum loan amount – ₦15 million
- Salary domiciliation – 1 month
- Tenor –
- 3 months for termly fee payment
- 12 months for session fee payment
Senior Citizen Loan
Are you a retiree? Sit back and relax while your pension works for you. Get a loan of up to ₦10 million to finance that personal project you’ve been dreaming of and pay back over a period of 5 years.
Features:
- Minimum monthly pension – ₦10,000
- Maximum loan amount – ₦10 million
- Maximum loan tenor – 60 months
- Pension domiciliation – 1 month
UnionFlexi Loans
Do you earn at least ₦30 million per annum? With our UnionFlexi loan you can access up to ₦50 million to meet your financial needs.
What you need to know:
- Minimum annual salary – ₦30 million
- Maximum loan amount accessible – ₦50 million
- Maximum tenor for loan repayment – 60 months
- Minimum salary domiciliation period with Union Bank – 1 month
UnionKash
UnionKash, our instant digital loan service designed to provide quick and convenient financial support to eligible customers. With no collateral required and a fully digital application process, UnionKash allows you to access funds anytime, anywhere, directly from your mobile phone.
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How to Apply for UnionKash Loan
Dial *826*41# and follow the prompts or…
1 Download and log in to the Union Bank Mobile App.
2 Navigate to the UnionKash loan section and check your eligibility.
3 Apply for the loan and receive funds instantly into your account.
Features
- Minimum monthly salary – ₦15,000
- Maximum loan amount- ₦500,000
- Loan tenor – 30 days
- Salary domiciliation – 3 months
- Loan limit – 50% of salary
Who Can Apply?
• Union Bank customers with active salary or transaction accounts.
• Customers with a good credit history and consistent account activity.
• Customers who meet eligibility criteria for digital loans.
Non-Payroll Loans
Designed for self-employed individuals, business owners, and professionals who need financial support without a fixed salary structure. Whether you need funds for business expansion, personal projects, or emergency expenses, this loan provides a flexible and accessible financing option.
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Self-Employed Loans
Access up to ₦5 million to facilitate the day-to-day activities of your large-scale business in any location nationwide.
Features:
- Average credit turnover- ₦500,000
- Maximum loan amount – ₦5 million
- Maximum loan tenor – 6 months
- Length of relationship with UBN – 6 months
- Clean-up cycle – every 90 days
Self-Employed Revolving Overdraft
Access up to ₦5 million to facilitate the day-to-day activities of your large-scale business in any location nationwide.
Features:
- Net Turnover – ₦10,000 per month
- Credit Turnover – ₦50,000 per month
- Tenor – 6 months
- Max Loan Amount – ₦5 million
- Clean-up cycle – every 60 days
Cash-Backed Loans
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 – 1%
- Maximum loan tenor – 12 months
Customers eligible for the cash-backed loan
- Customers with target savings products (e.g UnionKorrect, UnionFlex etc)
- Customers with investments
Loan Application Guide
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How can I improve my chances of getting a loan?
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Ensure you are meeting your loan repayment agreements with other financial institutions (if you have other loans)
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Carry out more transactions with us. You can do this by increasing your deposits and using our alternative channels (ATM, USSD, UnionMobile App, UnionOnline etc.)
To learn more, call us today on 012716816 or send an email to: customerservice@unionbankng.com
What benefits do I gain if I repay my loan without defaulting?
You are eligible for up to 3 months’ instalment refund when you repay on time
Terms and conditions apply
Cash-backed Loans
Get a loan for your personal or business needs fully backed by your investments.
Features of the cash-backed loan:
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Maximum loan amount – 80% of the investment amount
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Interest rate – 1%
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Maximum loan tenor – 12 months
Customers eligible for the cash-backed loan
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Customers with target savings products (e.g UnionKorrect, UnionFlex etc)
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Customers with investments
I am having issues meeting up with my loan repayments?
We can reschedule your loan to make your repayments easier
Call us today on 012716816 or send an email to: customerservice@unionbankng.com
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Who is eligible for a loan?
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A salary earner receiving a minimum of N15,000 monthly
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A pensioner receiving a minimum pension of N10,000 monthly
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A business owner
How can I apply for a loan?
For pre-approved customers
(Please note, you will be contacted if you have been pre-approved for a loan)
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Simply log onto our online banking platform or Mobile App
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Dial *826*41#
For all other customers
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Call us today on 012716816 or send an email to: customerservice@unionbankng.com
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Visit any UBN Branch
Can I use my investment with UBN (fixed deposit or target savings product) to access quick cash?
Yes, you can. Get up to 80% of your investment as a cash-backed loan and enjoy flexible repayment options
Call us today on 012716816 or send an email to: customerservice@unionbankng.com
Can I repay my loan or repay part of my loan earlier than the end date?
Yes, you can. Call us today on 012716816 or send an email to: customerservice@unionbankng.com
