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Overdraft
Overdraft
A short term facility that allows you overdraw a maximum amount of N3 million on your current account for up to 6 months
Convenient terms of repayment
You repay only 5% of the amount borrowed every 30 days when your salary is paid.
Benefits of Overdraft
- By having to repay 5% every month till the end of the 6 months tenor when you have to repay the total outstanding, you are assisted in managing your finances.
- Gives you the money you need when you do not have sufficient funds in your account.
- Considerate, structured and convenient terms of repayment
- Competitive interest rate
Target Audience
- Executives, partners and middle level management staff of reputable organisations in the private or public sector who are confirmed and earn an after tax annual income of N5million
- Individuals whose salaries must have been paid through UBA for at least 3 months
- UBA account holders
- Individuals who do not have a history of returned cheques due to insufficient funds
How To Apply For Overdraft
- Complete a UBA Consumer Loan Application form which you may download online or pick up from any of our branches.
- Submit your application to the Customer Service Officer in your branch
