UBA loans aid all the financial moves you need to make for projects, purchases, bills, and much more. These loans come in handy for various situations and are crafted to suit specific purposes so that the repayment plan is convenient for you.
Its loans are available to customers of the bank as well as non-customers. These loans boast flexible interest rates, and long tenures to help you repay at your pace while you sort out what matters to you.
Finding the right loans and their requirements is important to helping you achieve your goals. This article breakdown all the available UBA loans today.
UBA Loans
Below are the available UBA loans with their requirements:
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UBA Personal Loan Direct
Limit
₦10 million
Interest/m
5-15%
Tenor
60 months
UBA makes flexible options for both customers and non-customers to partake in this loan. It offers up to N10 million and a tenor of up to 60 months.
This loan offer is open to civil servants (federal and state). There are no restrictions on what the loan can be used for so you can take up multiple projects, purchase appliances or pay bills and fees to help you live a little easier.
The possibilities of what you can do with this UBA loan are endless. Think of financing that long-term project you have been working on or buying the materials you need for a skill you want to learn.
Requirements for UBA Personal Loan Direct
- Federal and state civil servants’ active salary account for at least six month
- A minimum of N25,000 and N50,000 salary for public and private sectors respectively
- Completed application form
- Valid ID
- Staff ID
-
Customer’s instruction letter
- Bank statement for the previous six months
UBA Personal Loan Direct Application Channels
You can apply for this UBA loan through:
- Any UBA Bank branch
UBA Personal Loan
Limit
₦30 million
Interest/m
5-15%
Tenor
60 months
This is something all salary earners can benefit from. The personal loans UBA gives are a way to ensure you meet all your needs and fund the things you need to sponsor. Whether it is a medical bill or some investment money, you can use this loan to do whatever you want and repay at a steady pace. It makes available to you between N100,000 and N30 million and 60 months to make repayments at attractive interest rates.
If you wish to apply for this loan, you can use the ICE or Integrated Credit Express platform or walk into any UBA Branch. Once an application is approved, the funds are disbursed within 48 hours.
One of the benefits of this loan is that you can make use of it to do whatever you wish. You can pay your bills, make purchases, and stay on top of the things you love and need in life.
Requirements for UBA Personal Loan Direct
- Active savings or current salary account
- Completed loan application form
- Valid ID
- Staff ID
- Employers undertaking to domicile salary account with the Bank
UBA Personal Loan Direct Application Channels
You can apply for this UBA loan through:
- Any UBA Bank branch
- Integrated Credit Express
UBA Senior Citizen Loan
Limit
₦30 million
Interest/m
5-15%
Tenor
60 months
One of the major fears of retirement is that there will be a shortage of funds to finance the things you care about and support your post-retirement goals. Your post-retirement life does not have to be the end of your dreams and projects.
You can still have access to enjoy the things you love and have a go at your dreams with UBA’s Senior Citizen loans. This loan is open to senior citizens between the ages of 55-70 years with a pension account linked to UBA. To make sure that you have what you need, you can get up to N10 million for a loan and go into the next phase of your life in confidence.
Another advantage of this UBA loan is that you can fund your travel or vacation plans, start a business or make other investments as you wish.
Requirements for UBA Senior Citizen Loan
- Active UBA customers between the ages of 55-70 years
- An active UBA account
- Domiciled pension account with a least 3 months of remittance
- Pension identification number
- A minimum pension fund of N100,000
- Valid ID
- A most recent statement of account from PFA
UBA Senior Citizen Loan Application Channels
You can apply for this UBA loan through:
- Any UBA Bank branch
UBA Auto Loan
Limit
₦15 million
Interest/m
5-15%
Tenor
48 months
One of life’s most essential purchases is a car that helps to ease mobility. However, these cars are not always affordable for one-time payments or can leave a huge dent in your savings when trying to buy a new one or upgrade to a better model.
This is where UBA’s auto Loan steps in to help you. It avails a wide range of trusted car brands for purchase while you make repayments conveniently. You can also use the loan to make an upgrade for an existing vehicle you have. With a maximum loan amount of N15 million, you can now easily meet your dream car’s needs.
Now, you can enjoy the convenience of a new car while you split the payments into smaller bits and still achieve your financial goals as you go.
The vehicle brands you can get with this loan are
- Honda
- Hyundai
- Ford
- Kia
- Mercedes
- Suzuki
- Toyota
- Mitsubishi
- Nissan
- Volkswagen
Requirements for UBA Auto Loan
- Active savings or current salary account with UBA
- Employer’s undertaking to domicile salary with UBA
- Completed application form
- Valid ID
- Staff ID
- Accepted offer letter or employee inquiry form
- Minimum 30% equity contribution
- Mandatory vehicle insurance and tracking
UBA Auto Loan Application Channels
You can apply for this UBA loan through:
- Any UBA Bank branch
UBA Asset Finance Loan
Limit
₦3 million
Interest/m
5-15%
Tenor
24 months
Homes and offices are not complete with certain essentials such as alternate power supplies, gadgets like laptops, TVs, and other appliances. Although necessities, making purchases of these appliances may prove difficult, especially when these have to come at once like when setting up a new home or office branch.
With these items available, accomplishing what you want to in a space becomes easier. You can use this funding to furnish your dream studio, buy the equipment for your business center or get your home office running the way you want.
The Asset Finance loan makes it possible to achieve purchasing what you need to set up a home or office. You can access between N35,000 and N3 million loaned to repay within 24 months. When you submit a pro forma invoice for any item, you pick and fill out a loan application form from a bank branch.
Following approval, you will be able to pick up the items from the vendors. Some of the assets available with this financing product are phones, generators, solar systems, furniture, home appliances, and more.
Requirements for UBA Asset Finance Loan
- Active savings or current salary account with UBA
- Employer’s undertaking to domicile salary with UBA
- Completed application form
- Valid ID
- Staff ID
- Accepted offer letter or employee inquiry form
- Minimum 30% equity contribution
UBA Asset Finance Loan Application Channels
You can apply for this UBA loan through:
- Any UBA Bank branch
UBA
FX Cashed Back Loan
Limit
85% of Fx savings
Interest/m
5-15%
Tenor
36 months
Customers with a foreign exchange account can take advantage of this loan and get up to 85% of their FX savings. This helps to be able to have saved foreign currency and still make use of money to carry out other projects without releasing saved funds.
Whether you reside in the country or not, you can have access to this loan and make use of your Fx investments to repay at a steady pace.
Requirements for UBA Fx Cashed Back Loan
- Funded FX account
- Completed application form
- Valid ID
- Accepted offer letter or employee inquiry form
- Minimum 30% equity contribution
UBA Fx Cashed Backed Loan Application Channels
You can apply for this UBA loan through:
- Any UBA Bank branch
UBA
Insurance Premium Financing
Limit
85% of ₦1-₦5 million
Interest/m
1.6%
Tenor
12 months
To protect the things you love, the easiest way to do so is to have insurance claims on them. For housing, vehicles, property, and such, insurance can amount to heavy amounts that may be strenuous to pay.
In a bid to make sure you always stay atop your insurance payments, UBA has this premium financing loan that helps you make your insurance payments on time while you pay back over a year. Individuals can receive up to N1 million while registered businesses can receive up to N5 million.
This insurance loan is available for various insurance types such as:
- comprehensive vehicle insurance
- Fire insurance
- Burglary insurance on assets
- Comprehensive insurance on the property
Requirements for UBA Insurance Premium Financing (Individual)
- Minimum equity contribution of two months
- Completed application form
- A functional account with UBA
- Evidence of asset ownership
Requirements for UBA Insurance Premium Financing (Organisations and SMEs)
- Minimum equity contribution of two months
- Completed application form
- A functional business account with UBA
- Board Resolution
- List of assets to be financed
- Company and director(s) information
UBA Fx Cashed Backed Loan Application Channels
You can apply for this UBA loan through:
- Any UBA Bank branch
UBA provides everyday banking services that its customers can enjoy but it also has many loans that its customers can take advantage of to support their business, pay what they love, and keep chasing their goals and dreams no matter what.
For alternative loan solutions, you can check out loans from other providers
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