UBA Loans

Taking a loan shouldn’t drive you crazy. A new generator, a quick fix in an emergency, a dream vacation, a new car; whatever your needs are, there’s a UBA loan for you.

Click credit

A super-fast loan for all your emergencies

Available only in Nigeria

This is a USSD loan with no form of documentation, paperwork, no queue. With this product; as a salaried customer, you can now get the cash you need instantly and pay back within 12 months. Click credit gives you funds up to N5million at an interest rate of 1.58% monthly.

  • Convenient repayment terms
  • Enjoy loan amounts up to N5million
  • No collateral, no documentation needed

Functional salary account with UBA

FAQs

  • This is an Instant Loan Product that is fully automated end to end and is enabled on all our digital channels (USSD, Leo WhatsApp and Facebook, Mobile Banking and Internet Banking). It is available to all salaried individuals who receive their monthly emoluments through UBA.

  • To apply for the Click Credit, Dial the USSD Code *919*28# or type “Instant Loan” on any of the aforementioned digital channels.

To enjoy this product, you would need to operate a salary account with UBA. You could follow the easy steps provided by any of our e-channels which include:

  • USSD Short Code [*919*20#]
  • UBA Mobile Banking Application or
  • Chat with LEO
  • – Search for “UBACHATBANKING” on Facebook with the verified logo (Blue Tick).
  • – Send a “HELLO” to +2349030019007 on WhatsApp.
  • You could also walk into any of our Business Offices nearest to you to open one.

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  • You can get up to N 5,000,000.00 (Five million naira)
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  • You can enjoy flexible loan tenor up to 12 months.
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  • No Processing and paperwork! Just dial away and obtain your loan in less than a minute!

  • To be eligible for the loan, customers must have received their salary through UBA for the last 6 months.

  • Confirmation status of applicant in the place of employment is not required for loan eligibility.

    • No documents required. Once again, just dial awayyyyyy!
  • You must have been receiving your salary through UBA for at least six months before you can be qualified for this product.

  • There are no fees on this product.

  • The applicable interest rate is 19% p.a. (1.58% monthly)

Personal Loan

Never run out of cash with the UBA Personal loan

The UBA Personal Loan product is designed to meet the urgent cash needs of our salaried customers. With this product, you can enjoy that dream vacation, holidays, medical bills, shopping needs and so much more!

  • Convenient repayment terms up to 48 months
  • Enjoy loan amounts up to N30m
  • Access up to 50% of your debt service ratio (DSR)
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  • Functional salary account with UBA
  • Duly completed loan application form.
  • Confirmation Letter and/or last promotion letter
  • Valid means of Identification (international passport, national driver’s license, national id card and voters card).
  • Employer’s undertaking to domicile salary with UBA or completed Employee Inquiry form.
  • Duly accepted offer letter.
  • Duly completed Employee Inquiry Form.
  • Copy of the obligor’s staff ID.
  • Customer visits a UBA branch to complete a loan application form.
  • Upon review and approval of loan, customers will be required to execute an offer letter detailing the loan terms and requirements.
  • Upon execution of offer letter, loan is disbursed into customer’s salary account domiciled with the Bank.

FAQs

  • To apply for any of our loan facilities, kindly visit our dedicated lending platform Integrated Credit Express (ICE) https://ice.ubagroup.com:8443/UBA_iKastle/index.html#/iLogin

  • or walk into any of our Business Offices nearest to you or send an E-mail to your Relationship Manager and you will be guided appropriately.

  • To enjoy any of our loan facilities, you would need to open a salary account with UBA. You could follow the easy steps provided by any of our e-channels which include:

  • USSD Short Code [*919*20#]
  • UBA Mobile Banking Application or
  • Chat with LEO:
  • – Search for “UBACHATBANKING” on Facebook
  • – Send a “HELLO” to +2349030002455 on WhatsApp.
  • You could also walk into any of our Business Offices nearest to you.
  • You can get up to N 30,000,000.00 (Thirty million naira) depending on your salary and other set terms and conditions.
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  • You can enjoy flexible loan tenor up to 60 months.
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  • The UBA Personal Loan facility request takes about 48 hours for loan disbursement, upon receipt of all required documentation.

  • To be eligible to obtain a loan facility, the following criteria are to be met:

    • You must be a confirmed staff
    • Your employer must be on the approved list of organizations for Personal Loans

To obtain the UBA Personal Loan, you would need to provide the following documents:

  • A duly completed Loan Application Form.
  • A copy of your pay slip and bank statement of account indicating salary inflows in the last 6 months.
  • A letter of awareness from your current employer.

To be eligible to apply for the UBA Personal Loan Product, you must have been confirmed as a staff by your organisation.

Asset Finance

Stay trendy with the UBA Asset Finance product

The UBA Asset finance product is designed to facilitate the purchase of physical assets ranging from household appliances to alternative power solutions and mobile devices by our retail customers through approved partnering vendors

  • Access to a wide array of reputable dealers/retailers
  • Convenient repayment terms up to 24 months
  • Enjoy loan amounts up to N3m
  • Minimum equity contribution of 30%
  • You can purchase a variety of assets ranging from smartphones, furniture, laptops, household appliances, inverters, generators etc.
  • Functional salary account with UBA
  • Duly completed loan application form.
  • Confirmation Letter and/or last promotion letter
  • Valid means of Identification (international passport, national driver’s license, national id card and voters card).
  • Employer’s undertaking to domicile salary with UBA or completed Employee Inquiry form.
  • Duly accepted offer letter.
  • Duly completed Employee Inquiry Form.
  • Copy of the obligor’s staff ID.
  • Pro-forma invoice for the item issued in the name of the Bank/the applicant
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  • Customer visits any of the approved vendor store to obtain pro-forma invoice (pfi) for his/her preferred items.
  • Upon receipt of the invoice, customer visits a UBA branch to complete a loan application form.
    • Upon review and approval of loan, customers will be required to execute an offer letter detailing the loan terms and requirements.
    • Thereafter customer proceeds to the retail store to pick-up their preferred items

     

FAQs

  • This product offers loans to customers whose salaries are domiciled with UBA for acquisition of assets of their choice from any of the approved vendors by the Bank.

  • With UBA Asset finance loan, you can acquire the following asset categories:

    • Home appliances
    • Electronic devices
    • Phones
    • Generators
    • Solar systems
    • Furniture
  • Yes, provided your income can support additional facility subject to approved percentage of your salary for loan repayment.

  • No. However, you can place independent loan requests to acquire assets from different vendors.

  • No, you do not need additional collateral for asset financing. Asset financed serves as the collateral.
  • Yes, there are after sales service on certain items as specified by the vendors.
  • Customer is required to make available a minimum equity contribution of 30% of the cost of asset to be acquired, whilst the Bank will provide the balance of the cost as loan.

Auto Loans

Get a brand new car. It's easy

Whether you are looking to buy your first car or you want to change that old car, the UBA Suzuki Auto Loan will make your dreams come true. For as low as N84,000 per month, you can get a brand new car with extra perks. 

    • Free vehicle registration
    • Free fuel for one year, worth N100,000
    • One-year free maintenance
    • Three-year warranty
    • Flexible repayment period of 4 years
  • Active salary account with UBA
  • A Pro-forma invoice from car dealership
  • Valid means of identification
  • Staff Identification card
  • One passport photograph
  • Visit a UBA Branch to apply. Find one close to you here.

Terms and Conditions apply

FAQs

  • This product offers loans to customers whose salaries are domiciled with UBA for acquisition of automobiles from any of the approved vendors by the Bank.

  • With UBA Auto loan, you can acquire the following vehicles:

    • Mercedes
    • Honda
    • Hyundai
    • Kia
    • Suzuki
    • Benz
    • Ford
    • Toyota
    • Mitsubishi
    • Nissan
    • Volkswagen
  • Yes, provided your income can support additional facility subject to approved percentage of your salary for loan repayment.

  • No, you do not need additional collateral for auto financing. Vehicle financed serves as the collateral.

  • Yes, there are after sales service on vehicle financed as specified by the retailers.
  • Customer is required to contribute at the minimum 30% of the cost of vehicle to be acquired whilst the Bank will provide the balance of the cost as loan.

  • Yes, all financed vehicles will be insured by insurance companies approved by the Bank.

Tools and Resources

With UBA, personal or corporate banking is easier on any device anywhere. Our digital solutions offer various benefits that ensure you stay in control wherever you are.

Use our tools and resources here.

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