FX Cash Backed Loan

85% of your FX deposit at 18% per annum

You can get up to 10 million naira or 85% of your FX deposit at 18% per annum.
You also enjoy a flexible repayment period of 36 months. This loan product is designed for customers with domiciliary account, funded FX deposits. You can have access to finance for investment purposes or to meet the financing needs of relatives in Nigeria.

Product Features & benefits

Eligibility Criteria

How to apply

Frequently Asked Questions (FAQs)

Here is everything you need to know about the UBA Auto Loan
A loan for 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 is 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.
Yes, all financed vehicles will be insured by insurance companies approved by the Bank.

Terms and Conditions apply