UBA Bank Loans – How to borrow money from UBA Bank? If you are searching for a loan with a good repayment schedule, a longer loan period, and shorter equity, look no further than a UBA loan.
From personal loans to asset financing, a UBA loan will provide you with a way to address your urgent financial needs. You can also take advantage of credit opportunities to grow your business through asset financing. Borrow Money From UBA Bank
we have compiled this complete list of all available UBA loans and how you can get one and Borrow Money From UBA Bank. Let’s dive, shall we?
Contents
Types of Services UBA Loans Offer?
Personal Loan:
Personal loans provide money, in addition, to quickly dealing with emergencies or urgent needs, such as paying medical bills or repairing your car.
Qualification:
- This loan is available to everyone with a UBA account.
Document required:
- Loan application form.
Cooperative Loans:
As the name suggests, this service provides loans to cooperatives of well-known companies. It has a minimum opening and operating balance of 2,000 N.
Qualification:
- Available to only cooperatives of reputable companies.
Document required:
- Letter of request to the manager of your business, signed by executives of the cooperatives. This letter should state the amount and tenor of the loan required.
- This letter is to be submitted along with other supporting documents as requested by the bank.
Cash Collaterised Loan:
It allows you to get credit in Naira, Pounds Sterling, US Dollars and Euros. This is done through your cash deposits, investments and their equivalents with UBA or other financial institutions accepted by UBA.
Qualification:
- You must have cash deposits, or investments and their equivalents with UBA.
- Your past 3 month salaries must have been paid through UBA.
- Employees discussing or selling consumer credit products.
Document required:
- UBA consumer loan application form.
- Letter of Lien or set-off or Deposit Hypothecation Agreement in your name.
- Letter of confirmation of collateral.
- Original certificate of deposit or savings passbook.
- Memorandum of charge over the investment or cash deposit.
Ensure that all documents provide a rollover instruction where necessary.
If the pledged cash deposit is not in your name, you would need the following extra documents:
- Guarantee form.
- Complete domiciliation of proceeds form.
If the pledged deposit or investment is in the name of an association or liability limited company, you would need:
- Your constitution or memorandum Articles of association.
- An executed board resolution of the organization authorizing the pledging of cash deposit to the bank on other parties’ behalf of another party.
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Personal Overdraft:
This is a short-term loan available to employees of renowned private and public organizations. You can overwrite your current account in 6 months and have a maximum amount of 3 million. You pay 5% interest on the loan amount every 30 days when the salary is paid. It is further divided into executive personal persuasion and revolving personal persuasion.
Qualification:
- Annual income after-tax minimum of a N5million for an executive personal overdraft, and N2.5million for a revolving personal overdraft.
- Your UBA account must be your salary account through which they have paid salaries for at least 3 months.
Documents required:
- Loan application form.
Asset Finance:
This credit program gives you an opportunity to purchase assets that you cannot finance immediately.
Qualification:
- You must be an employee of a reputable organization in the private or public sector.
- They must have paid your salary through UBA for at least 1 month.
Document required:
- Loan application form and Pro-forma invoice.
Why choose UBA Loans?
UBA Loans are defined to meet your needs. Some general benefits are:
- Different loans are available for specific uses.
- Competitive interest rates.
- Convenient and flexible repayment terms.
How to Apply for UBA Loans?
- Visit their official website at www.ubagroup.com/nigeria/loans-payments/. On the website, you can download a copy of the specific loan application form that you are interested in.
- Fill the form and any other required documents as directed on the site.
- Submit to the customer service officer in your nearest branch.
There is still a chance for you to get the loan form from the customer service officer too if were not able to download it.
What are the requirements for UBA Loans?
The requirement for a UBA loan depends on the type of loan in question. It lists individual credit services and their individual requirements in the “What Services UBA Loans Offer” section above. You can download the loan form and documents for each loan from their website or obtain them at any branch.
Can you borrow from UBA bank?
This is a short-term loan option available to staff of reputable private and public organizations. It allows you to overdraw your current account by 6 months and has a maximum amount of 3 million. You repay 5% interest on the amount borrowed every 30 days when your salary is paid.
What is UBA salary account?
UBA Salary account is a type of bank account that is offered to salary earners and designed specifically to help all UBA customer who earns a monthly salary to receive their payment instantly. It gives you an upper hand in tracking your salary payment from your employer.
How can I use UBA Leo on WhatsApp?
First things first, You must make sure you have the WhatsApp application installed on your phone. You must also have an active internet connection. Once both requirements have been met, then we can begin.
- Add the UBA WhatsApp Banking Number to your contacts list: +232 79 919 919
- You can save it with anything you want but I’ll recommend you save it with Leo or Leo UBA.
- Once the contact has been saved. Open you WhatsApp Application and go to your contact list. Refresh the list and look for the contact.
- Tap on it to open a chat.
- Now Send “Hi”
- Accept the terms and conditions of the UBA WhatsApp Banking by typing 1 and Send.
- Once you accept, a link will be sent to you.
- Open the link with any browser of your choice and register using your UBA account number.
- After a successful registration, an OTP (One time password) will be sent to your phone number.
- Open your WhatsApp Application and Open the chat between you and Leo. Now Type in the OTP you got and send.
- Once that is done, then you are all set. You can now use the UBA WhatsApp Banking for your banking transactions.
Conclusion:
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