Last Updated on March 14, 2022
Union Bank Loan code: Borrowing money from Union Bank has come a long way, and as they have introduced a new way to get a quick loan. You do not need to visit the nearest branch and provide documents before you can get a loan. In today’s guide, I will share with you the code you can use to borrow money from Union Bank with your phone.
Getting a loan in Nigeria is inevitable, whether it’s from a loved one or an institution; almost everyone probably has a story where they had to obtain a loan. The Union Bank loan is designed to finance that need which made you request for it in the first place.
Are you seeking the code to borrow money from Union Bank in Nigeria? You have come to the right place. In this article, I will share with you the code you can use to borrow money from Union Bank.
Table of Contents
Union Bank Loan Code
The code to borrow money from Union Bank Nigeria is *826#. You can access the code on your mobile phone number linked to your Union Bank account. Also, it is accessible from all networks in Nigeria, including GLO, MTN, Etisalat, 9mobile, and Airtel.
READ ALSO: First Bank Loan Code | How To Borrow Money From First Bank
However, borrowing money from Union Bank through the USSD code is available to all Union Bank mobile banking customers. Before you can use the code to borrow money from Union Bank, you must activate their USSD banking service on your phone.
Take note that access to the Union Bank loan code is only available on your mobile phone number linked to your bank account.
Different Types of Union Bank Loans
Union Bank has a wide range of offers for getting a loan in Nigeria that suits personal and business needs. You might get confused in the process of choosing the right fit. For this reason, we have created this exhaustive list of every single Union Bank loan available and how you can get any one of them.
The types of loans you can borrow at Union Bank include:
1. Unionplus Loan
The Unionplus loan is designed for salaried customers. Customers can access up to 15 million Naira and can pay back for up to 60 months.
Loan Details :
- Repayment: 12-60 months
- Annual income range: N216,000 – N30,000,000
- Loans available between N50,000 and N15,000,000
Requirements To Apply :
- Completed Application Form
- Letter of Undertaking from employer.
2. Unionflexi Loan
The Unionflexi loan is designed for salaried customers with an annual salary of up to 30 million Naira.
Customers can access up to 50 million Naira and can pay back for up to 60 months.
Loan Details:
- Repayment: 12-60 months
- Annual income range: Minimum N30,000,000
- Loans available between N5,000,000 and N50,000,000
Requirements Needed:
- Completed Application Form
- Letter of Undertaking from employer.
3. Union Payadvance Loan
The Payadvance loan is designed for salaried customers. Customers can access up to 50% of their monthly salary and can pay back for up to 12 months.
Loan Details :
- Repayment: 12 months
- Annual income range: Minimum N300, 000
- Loans available between N25, 000 and 50% of monthly salary.
Requirements Details :
- Completed Application Form
- Letter of Undertaking from employer
- Proforma Invoice.
How To Apply For Union Bank Loan
You can apply online or through union bank loan ussd code in seconds:
- To apply for union bank loan online visit webpage and sign up with your correct details and submit.
- To apply for union bank loan through ussd code dial *826# to get started.
How to Pay Back Union Bank Loan
When you receive a loan from Union Bank, they will duly inform you on how to repay the loan.
For most of the products, you will pay monthly installments after about 30days of receipt. This amount is automatically deducted from your account every month, to save you from the stress of visiting your banks.
This is not just peculiar to Acess bank. It is the same method adopted for Access Bank Loans, and so on.
Conclusion
Banking systems provide many new convenient features for customers, and Union Bank is no exception. They offer some of the best loans for its customers to assess, and their loan services are diversified, meaning there’s something for everyone.
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