Union Bank Loan in Nigeria / How to Apply & Loan Code

Union Bank Loan in Nigeria: Union Bank offers a variety of options for their imagination and presentation and loan possibilities as per requirements. Basically, there is something for everyone from entrepreneurs to salaried and even pensioners. A loan has become a preferred option at the moment, especially when trying to invest or stay away from payments. So, regardless of the purpose, Union Bank loans have caught you in doubt.


Highlights of Union Bank Loan in Nigeria


  • What are the available Union bank loan services?
  • Does union bank give loans without collateral?
  • What is the interest rate of Union bank loans?
  • What is the code for Union bank loans?
  • How do I apply for Union bank loans?
  • How do I contact Union bank?


What are the available Union bank loan services?

Licensed by CBN, Union Bank also offers its customers a variety of loan options, including:


Payroll Loans

Payroll loans are specifically for those whose wages are paid into their Union Bank accounts. Therefore, payroll loans offer you a variety of loans for aggressively charging fees for that purpose. Surprisingly, it is also possible to get a cashback reward after taking a loan for two to five years and paying it well. Products covered by this service include:


  • Personal loan
  • Salary advance
  • Back to school finance
  • Senior citizen loan
  • Union Flexi loans


Digital Loan

Union Bank Digital also follows a lucrative pattern of giving small loans to people due to a lack of quick funding for personal reasons. Therefore, this service saves you from the stress of sourcing rounds or paperwork.


Basically, it is important to take a loan only through Union Bank mobile app, ATM, or USSD code. Moreover, the main product under this service is Payday Loan which allows you to get up to 50% of your salary and repay it in one month without any security.


Non-Payroll loan

Non-payroll loans are for those who do not consider themselves anxious for live employment and cannot declare a fixed income later. Basically, it is to reduce stress for business people as much as possible. In addition, you may choose one of the following:


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


Read also: Polaris Bank Loans Types & How to Apply


Does union bank give loans without collateral?

Yes, they do. However, this selection is limited and can only be accessed with certain loan options. One of them is digital loans, where you can enter up to 50% of your monthly earnings and repay them within a month. Basically, with digital loans, you don’t need any collateral.


What is the interest rate of Union bank loans?

There is no fixed interest rate for Union Bank loans. Instead, during the process of your software, they will show you relevant interest with the option of supplying or rejecting the supply. In addition, the interest rate depends on the type of loan and other factors such as the term and size of the loan. However, in general, it varies from 1% to 3.75%.


What is the code for Union bank loans?

To get a Union Bank loan, start by dialing USSD code – * 826 * 41 #. When dialing the code, a sequence of options will pop up. So, after that, you can probably follow the prompts and make your choice on the available options.


How do I apply for Union Bank Loan?

Applying for a Union Bank loan is a simple task all you need to do is follow the procedure given below:


  1. Visit the bank’s official website https://www.unionbankng.com/loans/#personal-loan.
  2. Scroll down to your preferred loan and click on it.
  3. Click on the “Loan Application Guide” option just below the loan dialog box to understand what is involved.
  4. When done, click on the “Apply for Loan” button to proceed and apply.


How do I apply for Union bank loans?

To get more information contact the bank through the facility provided below:


  • Phone: +234-1-2716816
  • Customer feedback and support: https://www.unionbankng.com/support/#feedback-and-support
  • Or visit any of their branches near you



Through more than a century of business, Union Bank has long catered to the needs of its customers. Their services are the best in the country, so feel free to apply for a loan at any time.

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