Union Bank Loan Review-2023 - CWOOD TECH
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Union Bank Loan Review-2023

Union Bank Loan Review-2023

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Union Bank Loan Review-2023

Union Bank is a well-known name in the Nigerian banking industry. For your financial progress, they offer a wide range of loans to bring your plans and visions to life.Their loan process is easy and suitable for all categories of individuals, including salaried workers, retirees and entrepreneurs. meet the needs of Read below for more information on their lending services.

What are Union Bank Loan Services?

  • Union Bank Loans have been grouped into three main categories.
  • As a Deal Sweetener, you can even receive cash rewards for paying back on time.

However, this only applies to loans with a term of 2 to 5 years. The packages available for payroll loans are:

Personal Loan:

This loan provides up to N15 million to meet your personal needs. It has a term of up to 5 years and is only available to employees whose salary account is in the bank.

Salary Advance:

Allows you to prepay up to 50% of your salary. The maximum period is 12 months. To be eligible, the payroll account must have resided at Union Bank for at least one month.

Back-to-School Finances:

All parents are required to send their children to school, and salary advances make this possible. We offer student loans of up to N15 million for up to 12 months to pay for your child’s school fees.

Senior Loan:

As a retiree, you can finance a personal project and get up to N10m to repay over 5 years.

Union Flexi Loan:

Lastly, this loan is only available to those whose annual income is below her N30 million. By doing this, you can get up to Np 50 million and pay it within 60 months.

Digital Loans:

We offer digital loans in case you need money quickly. Therefore, you can reduce the stress of rushing to get money when money is scarce. This is basically a payday loan that can be repaid in one month with up to 50% of your salary.


Maximum tenor of 30 days
Minimum monthly salary of N15,000
Maximum loan amount of N100,000
Your salary account must have been domiciled for at least 3 months
Loan limit of 50% of your total salary

You can access the loan through the following means:

Union bank ATMs
USSD dialling of *826*41#
Union bank mobile application

Non payroll loans:

This is for self-employed individuals and SME owners. There are different services under non-payroll loans that help you meet your financial needs. The services are:

Self-employed loans
Self-employed revolving overdraft
Cash backed loans

How do I apply for a Union bank loan?

To apply, simply follow the process below:

Visit their official loan page at https://www.unionbankng.com/loans/#here-are-ways-to-access-the-payday-loan
Select your preferred loan and take note of the details and documents required
Click the apply for a loan button at the bottom of your preferred loan
Fill out the online form that follows next and click submit


Union bank remains one giant in the industry and boasts numerous years of offering excellent customer services. Their loans are easy, quick, and accessible to anyone. It also serves the needs of employees, small businesses and technology-minded customers.

READ ALSO- Self Employed Loan in Nigeria 2023

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