FX Cash Backed Loan

Get a naira loan with your FX deposits

To apply for this loan, you need a funded domiciliary account

Product Features & benefits

  • – Maximum loan amount is N10 million
  • – Maximum of 85% of FX Savings or deposit value calculated at the Bank’s prevailing rate (buy rate)
  • – Convenient repayment period of 36 months
  • – 0.5% interest on FX deposit
  • – Interest rate as low as 15%
  • – One-off management fee of 1%

Eligibility and Requirements

  • – Funded FX account
  • – Duly completed loan application form
  • – Valid means of Identification (international passport, national driver’s license, national id card and voters card)

Don’t have a Domiciliary Account?

How to apply

  • – Click here to download and fill the loan request form 
  • – Visit a UBA branch with all necessary documentation to complete your loan application 
  • – Send an email to diasporasupport@ubagroup.com (if you live outside Nigeria)
  • – Sign an offer letter containing the loan terms and conditions after the loan has been approved 
  • – The approved loan amount will be disbursed into your UBA naira account.

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

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