Loans & Payments
We help you meet your desired needs and wants by our loans & payment platform.
No matter what your needs are, we are here for you.
Do you need constant cash support, month in and month out? With longer-tenure credit, flexible payment plan and lower equity, banking with us is a rewarding relationship that enables you to enjoy the good things of life.
Personal Overdraft
Personal Overdraft is a short-term facility that allows you to overdraw your current account for 6 months, up to a maximum amount of N3 million. You repay only 5% of the amount borrowed every 30 days, when your salary is paid.
- By having to repay 5% every month till the end of the 6 months tenure, 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
- Executives, partners and mid-level management staff of reputable organisations in the private or public sector who are confirmed and earn an after-tax annual income of N5 Million or above
- Individuals whose salaries have been paid through UBA for at least 3 months
- 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
Revolving Personal Overdraft
Our special overdraft for the individual who earns at least N2.5million per annum and which allows you to overdraw your current account. Your limit revolves to its maximum limit immediately your salary comes in, ready for you to utilise it again and again, whenever and wherever you need it, without your having to apply again.
- Pay for goods and services and meet daily expenses without having a kobo in your account
- Self-administered with your cheques, other payment instruments and ATM card at an ATM or POS terminal
- One-off application and approval
- Charges are paid only on the utilised amounts
- Confirmed employees in the private or public sector who earn at least N2.5million per annum
- Individuals whose salaries must have been paid through UBA for at least 3 months
- Complete a special, short, and easy-to-fill form
- Submit your application to the Customer Service Officer in your business office
Executive Personal Overdraft
Our special overdraft for the individual who earns at least N5million per annum and which allows you to overdraw your current account. Your limit revolves to its maximum limit immediately your salary comes in, ready for you to utilise it over and over, whenever and wherever you need it, without your having to apply again.
- Pay for goods and services and meet daily expenses without having a kobo in your account
- Self-administered with your cheques, other payment instruments and ATM card at an ATM or POS terminal
- One-off application and approval
- Charges are taken only on the utilised amounts
- Confirmed employees in the private or public sector who earn at least N5 Million per annum
- Individuals whose salaries must have been paid through UBA for at least 3 months
- Download the application form and letter of undertaking located in the download section of this page
- Submit your completed application to the Customer Service Officer in your business office
Asset Finance
The credit program that gives you the opportunity to own those assets you have always longed for.
- Convenient terms of payment.
- The opportunity to own your own asset without having to save for a long period
- Confirmed employees of reputable organisations in the private or public sector
- Individuals whose salaries must have been paid through UBA for at least 1 month
- Complete a Consumer Loan Application Form, which you may download online or pick up from any of our branches
- Obtain a pro-forma invoice from an acceptable vendor known to your customer service officer
- Submit your application to the customer service officer in your branch
- Provide the minimum equity contribution of 20% of the cost of the asset
- Provide the funds to cover the insurance cost
Personal Loan
We will give you the freedom to spend a little more on what you really want. You may need some extra cash to fix your car, pay medical bills or take care of other exigencies. How you chose to use your loan is up to you.
- No deposit and invoices are required
- Fast, simple and convenient
- Convenient repayment terms
- Competitive interest rates
- Anyone with a UBA salary account
- Complete a UBA Consumer Loan Application form which you may download here or pick up from any of our branches
- Submit your application to the customer service officer in your branch
Co-operative Loans
Provides credit to Cooperative societies of blue-chip companies.
- Minimum Opening & operating balance of N2,000
- Enables your Co-op to meet the needs of its members
- The co-operative decides how to use the loan.
- Simple and convenient.
- Competitive interest rate
- Co-operative societies of blue chip companies
- Write a letter of request to the Manager of your business office, signed by the authorised signatories of the cooperative stating the amount & tenor of the facility required.
- Submit the letter and supporting documents to the Customer Service Officer in your business office.
Executive Loan
As a busy high flying executive, you seek a quick and convenient means of accessing funds for a specific purpose. Choose the loan made just for you. With the UBA Executive loan, you can access a competitively priced loan that will allow you to manage your requirements easily.
- You decide how to use your loan
- No invoices or deposits are required
- Fast, simple and convenient
- Flexible repayment schedule ranging from 3 – 36 months
- Competitive interest rate
- UBA salary account holders who earn executive level salaries
- Complete a UBA Consumer Loan Application form which you may download by clicking here or picking up from any of our branches.
- Submit your application to the Customer Service Officer in your branch
Cash Collaterised Loan
A consumer loan which makes it possible for you to obtain credit in Naira, the US dollar, Pound sterling and the Euro using your cash deposits, investments and their equivalents with UBA, UBA Capital & Trust and any other financial institution acceptable to UBA.
- Up to 80% of your deposits or investments in loans if the request and collateral are in the same currency
- Up to 50% of your deposits or investments in Naira loans if the collateral is in a foreign currency
- Considerate, structured and convenient repayment terms
- Competitive interest rates
- Easy and speedy access to credit without the loss of existing assets
- Individuals who have cash deposits, investments and their equivalents
- 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 download online or pick up from any of our branches.
- Complete a Letter of Set Off or Lien or Deposit Hypothecation Agreement in the name of the owner.
- Complete a Letter of Confirmation of Collateral.
- Execute a Memorandum of Charge over the investment or cash deposit.
- Provide roll over instructions where necessary.
- Submit your application to the customer service officer in your branch along with your original Certificate of Deposit or Savings Passbook.
- Where the pledged cash deposit is not in your name, you would also need to do the following and submit with your application:
– Execute a Guarantee form.
– Complete a Domiciliation of Proceeds form. - Where the pledged deposit or investment is in the name of a limited liability company or registered association, you would also need to submit the following with your application:
– Your Constitution or Memorandum and Articles of Association and
– Your Executed Board Resolution of the organisation authorising the pledging of the cash deposit to the bank on another parties behalf of another party.
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.
