Need Cash to Launch Your Dreams? You can get Up to ₦15 Million with Union Bank Personal Loan.
Alot of Nigerians are stuck with their thoughts on how to start and scale up a business in the country, but they are strapped for the cash.
All thanks to Union Bank’s Personal Loan scheme, which offers qualified Nigerians access to up to a whopping ₦15 million to kickstart their entrepreneurial journey.
This isn’t just a loan, it’s an investment in your future and with ₦15 million, you can:
- Open a boutique or retail store
- Launch a restaurant or bar
- Invest in equipment for a service-based business like photography or cleaning
- Build a transportation business
All of these these businesses will survive with this amount, no matter what the economy says.
How to Qualify for Union Bank Personal Loan Scheme
Union Bank understands that getting your business off the ground shouldn’t be very hard for Nigerian citizens.
That’s why their Personal Loan has simple requirements:
- Be a salary earner with a minimum monthly income of ₦15,000 (₦20,000 for major cities)
- Have an existing Union Bank salary account for at least 6 months
- Maintain a good credit history
How to Apply for Union Bank Personal Loan Scheme
Ready to turn your dream into a reality? Here’s how to apply for a Union Bank Personal Loan:
- Visit your nearest Union Bank branch or Apply on their website
- Meet with a loan officer who will guide you through the application process.
- Submit the required documents, which may include your ID card, payslips, and account statements.
- Once approved, receive your funds and get started on building your business.
Union Bank Personal Loan Scheme Interest Rates
Union Bank offers competitive interest rates on their Personal Loans.
Let’s say you borrow ₦5 million for a 2-year repayment term.
Here’s a simplified example (assuming a 15% interest rate)
Monthly Loan Payment: ₦234,200
Total Interest Paid: ₦1,405,200