Mortgages
We can make your dream of owning a home a reality. Choose from the UBA Homes mortgage options designed to help you own your home conveniently.
The more you know, the easier it is.
Whether you are planning to buy a land and build later, or commence construction or buy an already developed home, we are there all the way as a trusted companion, guiding and supporting financially when others fail to.
Home Re-finance
You can use this loan to refinance an existing mortgage from a different financial institution.
Home or Land Acquisition
This loan can be used to purchase land or construct a residential property in approved locations.
Available mortgages
Our well thought-out loan choices with peculiar features to suit your needs, aspirations and financial conditions is a must to experience.
- Developed Home Purchase.
- Land Acquisition.
- Home Construction.
- Home Renovation.
Benefits
- Variable Interest rate benchmarked against UBA Prime Lending Rate (PLR).
- Loan tenor of up to 10 years.
- Loan amount up to 50% of property value subject to a maximum amount of N70m for properties in Lagos.
- Loan amount up to 50% of property value, subject to a maximum amount of N40m for properties in Abuja, Enugu or Port Harcourt.
- Access to salary advance, asset finance and mortgage.
- Freedom to repay loan in full without prepayment penalty.
- Monthly or structured pre-agreed repayments terms.
- Interest only repayment allowed up until completion for properties under construction.
- Progressive drawdown against bank approved Quantity Surveyor’s certificate reduced or no COT on linked account.
- Negotiable management fee.
Step one (Find out your capacity limit)
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Your loan amount depends on how much you can comfortably repay each month, which will also determine the price of the property you can afford. At UBA, we first assess your income and other reliable financial resources to pre-qualify you. This helps us give you a clear estimate of the type and value of property you should be looking at.
Step two (Research Property)
- Once you know your budget and financial capacity, you can begin searching for your dream home. Your preferences, such as taste, style, location, and facilities, should guide your choices, so it helps to have a clear checklist. UBA can also connect you with trusted and experienced developers. However, the final decision is yours, since you are the one investing.
Step three (Make a formal offer)
- Once you are satisfied with what to buy, make a formal request to UBA backed by your equity contribution, with other required documentation.
Steps to Property Ownership
From determining your borrowing capacity to finding the perfect property and making a formal offer, UBA guides you through every step of owning your dream home.
Loan Calculator
Select the loan amount, rate, and duration to get started
Get started now by opening an account of dial *919#