Features/Benefits
COT concession is allowed based on volumes to be approved by the bank
Cross-Guarantees/Indemnity together with that of the association
Maximum facility of N10million depending on the market dynamics/peculiarities
Interest and fees are fixed by the bank over 30-45 days on a maximum tenor of 45 days for re-payment
Collaterals are cross guarantees ( together with that of association) and indemnity. All assets debentures including stocks, stock hypothecation among others
All charges are paid up front by borrowers
Minimum account opening amounts are N2,000.00 personal and N50,000.00 corporate
Limit/sub-limit is marked to guide credits to members of each association taking into account the trade cycles of the market
Cluster references for opening current accounts are allowed
To open a U-Trade Account, visit any Union bank branch nationwide or call
234-1-2644361,2644193,2644198