UBA Loans for Individuals and Businesses

Looking for loans from UBA? Below is the various types of United Bank for Africa loans for Individuals and Businesses;

Looking for UBA No Wahala Loan?

The UBA “’No Wahala’ Loan” is a personal loan that means just that: "no problem". 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.

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Benefits No Wahala’ Loan

• No deposit and invoices are required

• Fast, simple and convenient

• Convenient repayment terms

• Competitive interest rates

 

Who Can Get a UBA No Wahala Loan

• Anyone with a UBA salary account 

How to Apply for UBA No Wahala Loan

• Complete a UBA Consumer Loan Application form which you may download or pick up from any of our branches.

• Submit your application to the customer service officer in your branch.

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UBA 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 =N=3 million. You repay only 5% of the amount borrowed every 30 days when your salary is paid again.
Benefits

• 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

UBA Personal Overdraft 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 UBA Personal 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.

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UBA Executive Loan

Looking for UBA 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.

Benefits UBA Executive Loan

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 Executive Loan Target Audience

• UBA salary account holders who earn executive level salaries

How to Apply for UBA Executive Loan

• Complete a UBA Consumer Loan Application form which you may download by clicking on the download link on the right corner of this page or pick up from any of our branches

• Submit your application to the Customer Service Officer in your branch

Download Executive Loan Form



Note: Why you need a Government Loan

UBA Cash Collaterised Loan 

 

Looking for UBA 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.

Benefits of UBA Collaterised Loan

• 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.

UBA Collaterised Loan Target Audience

• 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

How to Apply for UBA Collaterised Loan

• 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 organization authorizing the pledging of the cash deposit to the bank on another parties behalf of another party

Looking for money lenders online? click here to access online loans in Nigeria and compare prices.