Home or Land Acquisition
You may use this loan for land purchase or to construct a residential property in an acceptable locations within Nigeria.
Get a loan for your home and land purchase now!
The terms for repayment is considerate, structured and convenient.
Benefits
- Imposes discipline and financial prudence.
- 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.
- Complete a UBA Consumer Loan Application form which you may 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 letter of authority from the vendor to the solicitor or estate agent of the property.
- — A formal instruction from the applicant to the vendor instructing or authorising him to release the title documents to the bank.
- — An undertaking from the vendor or solicitor or agent to submit valid title documents directly to the bank.
- — A satisfactory search report on the property from a bank approved lawyer.
- — The original of the purchase receipt.
- — The survey plan.
- — Executed documents which are necessary for the perfection of the legal mortgage on the property.
- — A valuation report accompanied by photographs of the property.
- — A valuation report accompanied by photographs of the property.
- — A bank statement for the preceding 12 months.
- — A copy of the title documents, which should be in the vendor’s name.
- — A copy of the approved building plan – if necessary.
- — A copy of the land title documents in which the ownership is in your name.
- — A copy of the approved building plan.
- — A copy of the Bill of Quantities.
- — The construction timetable.
How To Apply For UBA Housing & Land Purchase Loan
Submit your application along with all required documents to your nearest UBA branch. Our streamlined process ensures your journey to property ownership is simple and efficient.
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