How to apply Unity bank payday loan, Asset Acquisition finance & Salary Backed Loans and requirements

Last Updated on November 15, 2022 by admin

Do you want to learn more about Unity bank short term loan ranging from Salary Advance and payday loan which is available  salary earner and structured financial options to individuals with reliable and regular stream of cash inflows.

The Unity bank retail lending services which include payday loan and salary advance is designed for individuals in salaried employment structure ranging from one week to three months that will allow employee of reputable organization or government institution to enable them optimize their finances through bridging the occasional gap between financial obligations and the next payday.

The Salary-backed loans allow qualifying customers to borrow amounts that they will otherwise have to save for up to a maximum of two years. This credit facility includes Asset Acquisition finance,Salary Advance and Salary Backed Loans.

Let take a look at each financial product available to unity bank customers who’s salary account is domicile with the bank

1. Asset Acquisition finance

The unity bank Asset Acquisition finance is a loan product designed to finance the acquisition of personal and consumer assets ranging from personal electronics to automobiles.

The loan product is also available to customers who are not necessarily in regular paid employment provided they can show proof of cash inflow using their bank statement

You can also read: Unity Bank ussd code: How to register, Transfer money, buy airtime

2. Salary Advance

The unity bank salary advance is a loan product that allows salary earners who’s account domicile with unity bank allow for instant credit facilities that will be repaid over time.

The loan is options to individuals with reliable and regular stream of cash inflows to enable them offset emergency bills before their next payday or next income

3. Salary Backed Loans

Unity bank Salary Backed Loans is also known as Salary-backed loans. This allows qualifying customers to borrow amounts that they will otherwise have to save for up to a maximum of two years .

The salary backed loan is available for salary account holders with Unity Bank. So to qualify for this kind of loan you must be a staff of a reputable organization or Government owned institution and your salary account must be domicile with unity bank .

How to apply

To apply for either unity bank salary backed loan, Salary Advance and Asset Acquisition finance. Kindly visit a branch and speak with a Relationship Officer for further assistance.