LOAN TERMS:
Lender
LOAN TERMS:
Union Bank of Nigeria
Eligibility
LOAN TERMS:
All customers with TSP of minimum of N37,500 savings
Loan Limit
LOAN TERMS:
Maximum Limit: 80% of amount in TSP
Interest Rate
LOAN TERMS:
Maximum Interest Rate: 15% p.a
Insurance: Not Applicable
Management Fee: 1%
Max Tenor
LOAN TERMS:
12 months (minimum tenor is 6 months)
Security Required
LOAN TERMS:
Lien & Cash Collateral Agreement Form
Documents Required
LOAN TERMS:
Standard Letter of undertaking.
Duly filled Application form and Offer letter.
Account statement.
Document in Transit.
Retail loan Checklist.
Lien & Cash Collateral Agreement Form
Approval Time
LOAN TERMS:
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