Product Description

• The Credit Card is secured with cash collateral (75% of fixed deposit) or salary account domiciliation
• The Credit Card is Naira denominated
• The Credit Card is revolving with 3 years’ validity
• The Credit Card has a 40 days’ cycle with 10 days’ interest free period
• The Credit Card has a fixed Interest rate of 3.5% monthly on outstanding balance
• The Credit Card is available on Standard and Platinum variant
• The Credit Card is enabled for local transactions on ATM, POS and WEB.

Benefits

• Opportunity to build a good credit history for future lending.
• Convenience of repayments with our local currency (=N=)
• Global acceptability of MasterCard
• Card acts as a bridge for short term cash flow gap.
• Interest is charged only on outstanding balance
• Customers are expected to only pay at least 10% of monthly repayment

Requirements

Customers must have a Unity Bank salary account or a Fixed Deposit account.