Union National Bank offers two kinds of personal loans catering to different set of audiences. Listed below are the two kinds of personal loan offered by the bank.
- Union National Bank personal loan for UAE nationals: The bank offers a personal loan designed specially for UAE nationals. The loan has competitive interest rates and offers long tenure period.
- Union National Bank personal loan for expats: This loan was designed keeping in mind the financial needs of expats in UAE. The bank offers loan amount up to 20 times the expat’s monthly salary and various other benefits.
Why choose Union National Bank personal loan?
The personal loans offered by Union National Bank has something for everyone in UAE. UAE nationals and expats can choose specialised loans with specialised benefits over regular personal loans. The bank also offers a very high loan amount and long tenure periods on its loans.
Features of Union National Bank personal loan
Listed below are the features of Union National Bank personal loan.
- The loan offers competitive rate of interest
- The customers can avail a loan of a very high amount with Union National Bank personal loans
- The bank offers flexible payment options for the personal loans
- Minimal documentation
- Speedy processing
- Quick approval
- Apply for loan online through internet banking
Benefits of Union National Bank personal loan
Listed below are the benefits of UAE National Bank personal loan
- Longer tenure period
- Ability to consolidate all your debts in a single payment
- Exclusive personal loan for UAE nationals and expats in UAE
- Avail free annual fee on your credit card
- Postpone up to 4 installments in a year
Eligibility criteria of Union National Bank personal loan
Listed below is the eligibility criteria of Union National Bank personal loans
- The customer should either be an UAE national or an expat residing in UAE
- The applicant should be able to submit all the documents required for the loan
About Union National Bank
United National Bank was established in 1980 in UAE as a public service company. The bank offers different kinds of financial services and products catering to different needs of the customers. The bank is jointly owned by the government of Dubai and Abu Dhabi. The bank not only offers services and products to individuals but it also caters to corporate entities.
Frequently asked questions- Union National Bank personal loan
- How many kinds of loan does Union National Bank loan offer?
- Is the loan amount granted for both the loans the same?
- Does the bank offer any additional benefits along with the personal loans?
The bank offers two kinds of personal loans, one for the expats and the other for UAE nationals.
No, the loan amount offered for both the loans vary and depends on various factors such as salary of teh applicant.
The bank offers various additional benefits along with the personal loans.
News About Union National Bank Personal Loan
Union National Bank Bags Awards at 2016 Banker Middle East Awards
Union National Bank (UNB) won big at the 2016 Banker Middle East Awards and won awards in 4 categories. The bank won the 2016 Banker Middle East Product awards for Best Customer Deposit Scheme, Best Savings Account, Best Current Account and Best Consumer Insurance Product.
The awards were presented at the UNB Head Office on 15th May 2016 and accepting the awards, the CEO of UNB, Mr Mohammed Nasr Abdeen said that these awards were a testament to the consistent quality in products introduced by the bank and that it was awarded in this category for the seventh consecutive year. He said that it is a reflection of the consumer’s sentiments towards the bank’s products.
The products of UNB that won were UNB’s Critical illness for Best Consumer Insurance Product, ‘Everyday Interest Savings Account’ for Best Savings Account, ‘ValuePlus Current Account’ for Best Current Account and ‘Accelerating Rate Deposit (ARD)’ for Best Customer Deposit Scheme.
17th May 2016
UAE Banks face fall in Net Profit
The leading banking institutions in the UAE face asset quality and margin pressures. Most of the leading lenders on Abu Dhabi reports double digit decline in the 1st quarter of 2016 on year on year basis. Abu Dhabi Commercial Bank is down by 18.4% and comes down to Dh1.02 billion, compared to Dh1.25 billion in the 1st quarter of 2916. Likewise, the National Bank of Abu Dhabi reports a net profit of Dh1.27 billion in the Q1 2016. This is 11% down compared to the first quarter of 2015. Union National Bank reports a decline of 27% in its profit in the first quarter. Profit rate of the bank came down to Dh450 million compared to Dh615 million in 2015.
05th May 2016
Union National Bank in UAE wins two awards
Union National Bank recently won two prestigious awards at a recent award ceremony. The bank was the receiver of ‘Best Enterprise’ award and CEO of UNB won the ‘Manager of the year’ award. The bank won the awards from the Europe Business Assembly ceremony held in Oxford, United Kingdom. The Europe Business Assembly award ceremony is an initiative to recognise and honor the achievements of leading organisations and the well performing leaders of the organisation.
22nd April 2016
Profit of AED 1.86 billion for the year 2015, Union National Bank announces
One of United Arab Emirates leading banks, Union National Bank (UNB) announced they made an operating profit of AED 2,696 million in 2015 which is a 6% higher than last years. In 2015, eir operating income was AED 3,732 million, which was higher by 7% when compared to 2014. Their loans and advances increased, by 7% again, in 2015 to AED 68.4 billion as of 31st December 2015.
08th February 2016
Union National Bank Receives Golden Award for Quality & Business Prestige
The Union National Bank, Abu Dhabi has received the prestigious Golden Award for Golden Award for Quality & Business Prestige offered by other ways Management & Consulting Association (OMAC)
On behalf of Union National Bank, the award was received by Mr. Abdulla Alrashdi, Executive Vice President and Mr. Tarique Anjum, Senior Vice President Total Quality & Business Excellence respectively. The award is an indication of the quality services offered by the bank, hard work done by its employees and customers’ trust on its services and products.
The Golden Award for Quality & Business Prestige is awarded to different organizations in the Middle East, America, Asia, Africa and Europe that show outstanding performance in the area of quality & business excellence.
08th December 2015