Home Re-finance
What Is Home Refinance?
You may use this loan to refinance an existing mortgage from another financial institution.
Benefits
- Imposes discipline and financial prudence
- reduce monthly payments by refinancing into lower interest rate
- consolidate existing debts
- Interest payments are tax deductible
- An opportunity to create and grow wealth
- Provides security and freedom from astronomical rental growth
- A hedge against inflation
- Provides an investment and annuity income
- Provides post retirement cash flow and passive income
- Considerate, structured and convenient terms of repayment
- Competitive interest rate
Target Audience
- Confirmed employees of reputable organisations in the private or public sector
- Individuals whose salaries must have been paid through UBA for at least 3 months
- UBA account holders
- Employees who will be discussing or selling consumer credit products
How to Apply
- Complete a UBA Consumer Loan Application form which you may download online or pick up from any of our branches
- If you wish to purchase residential property, submit your application including the following to the Customer Service Officer in your branch:
- An offer letter from the vendor
- A copy of the land title documents
- A copy of the approved building plan – if necessary
- A valuation report accompanied by photographs of the property
- A bank statement for the preceding 12 months
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