Big goals sometimes need a little financial support to become reality. You may need to replace your car, furnish your home, acquire an important asset, handle a major personal expense or finally take a bold step towards owning a home. For military and paramilitary personnel, access to financing that supports these needs can make planning easier.
That is why UBA introduced the No Wahala Loan, a range of financing options created specifically for military and paramilitary personnel in Nigeria.
What can you use the No Wahala Loan for?
The No Wahala Loan suite offers different financing options depending on your financial goal.
Need funds for a personal expense? The Personal Loan gives eligible personnel access to up to ₦20 million at the rate of 27% per annum, with repayment of up to 60 months.
Planning to buy a vehicle? The Auto Loan offers up to ₦50 million, repayable over up to 48 months, at a current rate of 25% per annum.
Looking to acquire an asset? With Asset Finance, eligible customers can access up to ₦15 million, with up to 36 months to repay, at 25% per annum.
Have investments but need liquidity? The Asset-Backed Loan allows eligible customers to access funds against qualifying investments, with the applicable amount determined by the investment’s Loan-to-Value ratio.
Dreaming of owning a home? The MREIF Mortgage Scheme provides up to ₦100 million, with repayment of up to 20 years, subject to retirement age. The current blended rate is 9.75%–12% per annum.
More options. Less financial stress.
The UBA No Wahala Loan suite brings together different financing solutions in one place for you to take care of an important personal need: get the keys to your next car or take a step towards home ownership.
Selected facilities also come with preferential rates for eligible military and paramilitary personnel, giving you more options to consider when planning your next major financial move.
And you do not have to figure it all out at once. Start with your goal, explore the financing option that matches it, and understand the applicable terms before you apply.
Want to know more?
Explore the UBA No Wahala Loan suite for full details on eligibility, requirements, fees, repayment terms and how to apply.
With UBA, you no get wahala. Just keep moving forward.
Read Also: Simple Ways to Apply for a Personal Loan in Nigeria
