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.
Features
- 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.
- 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.
How to apply
Follow these straightforward steps to apply for a UBA overdraft and access funds when you need them.
Loan Calculator
Select the loan amount, rate, and duration to get started
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