Union Bank – online loan Nigeria
Union Bank loans from ₦50,000 to ₦30,000,000 with flexible terms.
Applying does not commit you to a loan agreement.
Screenshot of https://www.unionbankng.com
Union Bank – Personal Loans and Credit Facilities Nigeria
Union Bank of Nigeria Plc is one of Nigeria's oldest and most established commercial banks, with a history dating back to 1917. Union Bank serves millions of customers across Nigeria through a large branch network and digital platforms including the UnionMobile app and internet banking. The bank offers a full range of personal banking services including salary advance loans, personal loans, auto financing, and mortgage products. In recent years, Union Bank has invested significantly in technology and digital transformation to improve service delivery.
Union Bank personal loans are available to salary earners and customers with verifiable income. Loan amounts range from ₦100,000 to ₦10,000,000 with repayment terms of up to 48 months. Monthly interest rates start from 4%. Salary advance loans can be processed within 24 hours through the UnionMobile app or USSD code (*826#). Term loans require supporting documentation including payslips, bank statements, and a letter of employment.
Union Bank is licensed by the CBN and is a member of the Nigerian Deposit Insurance Corporation (NDIC). Union Bank is a solid choice for Nigerians who value a long-established banking relationship and prefer the security of a well-capitalised institution. The bank's USSD channel (*826#) provides quick access to salary advance facilities for eligible customers without visiting a branch.
✓ Pros
- Over 100 years of banking in Nigeria
- Loans up to ₦10,000,000
- Quick USSD salary advance (*826#)
- CBN licensed and NDIC insured
- Large branch network nationwide
✗ Cons
- Best rates require salary domiciliation
- Processing time 1-3 days for term loans
- May require collateral for larger amounts
Loan example
Representative example: A personal loan of ₦500,000 over 18 months at 4% monthly interest. Monthly repayment approximately ₦35,154. Total amount repayable: ₦632,772. Total interest: ₦132,772.
Loan requirements
- ✓ Active Union Bank account
- ✓ Valid government-issued ID
- ✓ 3 recent payslips
- ✓ 6-month bank statement
- ✓ BVN
- ✓ Employment confirmation letter
Loan features
- Personal and salary advance loans
- Loans from ₦100,000 to ₦10,000,000
- Terms up to 48 months
- Interest from 4% per month
- UnionMobile app and USSD *826# access
- CBN licensed
Frequently asked questions
48 hours after submitting your application.
The minimum amount at Union Bank is ₦50,000.