United Bank For Africa, also called UBA for short prides itself as Africa’s Global Bank and rightly so as it has a dominant presence in Nigeria as well as presence in some other African countries. UBA can also be described as a salary earners friendly bank given that it has many loan options available for salary earners.
In this article, we will discuss some of these available loan options in UBA for customers who are salary earners.
1. Click Credit Loan
With this facility, you can easily assess funds with insufficient cash. You can get a loan up to ₦1 million in one minute to sort out your emergencies. Are you a salary earner? You can get up to ₦1 million loan instantly at a low interest rate and payback conveniently over 12 months with no hidden charges.
Main Features of click Credit Loan
Borrow up to N1 million
Get your loan in one minute
Convenient repayment option between 3- 12 months
Low interest rate
How To Apply For Click Credit Loan
No paperwork! No awkward conversations! No waiting! Get a loan in one minute. Just apply via any of the options below:
dial *919*28#
Send “Loan” to Leo on Instagram, WhatsApp, Apple messages, Facebook messenger or Google Business Chat
Select the Click Credit feature on the UBA Mobile App
Requirements To Qualify For Click Credit Loan
You need to have an active UBA Salary Account with a minimum monthly salary of at least ₦50,000
2. Personal Loan – Direct
This facility is meant for salary earners who do not have account with UBA. The can get loan up to the sum of N10 million.
Features & Benefits Personal Loan- Direct
Convenient repayment period up to 48 months
Attractive interest rate (the interest rate will be on floating terms subject to changes in money market conditions, for the period of the loan)
One-off management fee of 1%
Maximum loan amount of N10million
Access up to 50% of your debt service ratio(DSR)
Documentations Required To Apply For Personal Loan – Direct
Duly completed loan application form
Valid means of Identification (international passport, national driver’s license, national id card and voters card
Copy of customer’s staff ID
Pay slips or bank statement of account reflecting salary inflows in the last 6 months
Customer’s instruction letter
How to apply For UBA Personal Loan – Direct
You need to follow the steps below to apply for UBA – Loan Direct:
Visit a UBA branch to complete a loan application form.
Submit a completed loan application form with supporting documents at any branch
Execute an offer letter detailing the loan terms and requirements, following loan approval
Loan will be disbursed into salary account domiciled with the Bank
3. Senior Citizens Loan
This loan is designed for pensioners who are within the ages of 50 to 75 to assist them handle their retirement projects.
Main Features of UBA Senior Citizens Loan
Convenient repayment period of 36 months
Attractive interest rate (the interest rate will be on floating terms subject to changes in money market conditions, for the period of the loan)
Maximum loan amount is N15 million
One off management fee of 1%
Credit Life Insurance – 1.6% covering Death, Permanent disability and Critical.
Main Requirements To Apply For UBA Senior Citizens Loan
A functional UBA account
A pension Identification number
3-months consistent pension remittance through UBA
Minimum net pension fund should not be less than N100,000 monthly
Age limit for customers is 50-75 years
A valid Nigerian ID (Drivers licence, International passport, NIMC, Voters card)
How To Apply For UBA Senior Citizens Loan
Submit a completed loan application form along with other required documents at any UBA branch nationwide.
Sign an offer letter detailing the loan terms and Conditions
Loan amount will be disbursed into Customers UBA account.
4. UBA Auto Loan
This is designed to help UBA customers who either want to buy their first car or upgrade to a higher model. UBA Auto Loan product enables eligible UBA customers to drive their dream cars, while they repay conveniently. Approved brands are Toyota, Honda, Mitsubishi, Hyundai, Mercedes, Nissan, Ford, Suzuki, Kia and Volkswagen.
Main Features& benefits Of UBA Auto Loan
Access to reputable auto dealers/retailers
Convenient repayment terms; up to 48 months
Attractive interest rate (the interest rate will be on floating terms subject to changes in money market conditions, for the period of the loan)
Maximum loan amount of N15m
Minimum equity contribution of 30%
Mandatory comprehensive insurance and vehicle tracking
Requirements To Apply For UBA Auto Loan
Functional savings or current salary account
Duly completed loan application form.
Valid means of Identification (International Passport, National Driver’s License, National ID Card and Voters’ Card).
Employer’s undertaking to domicile salary with UBA.
Duly accepted offer letter or employee inquiry form (The offer letter should contain Employee Name, Employee Job Description/Position; Nature of Employment (Permanent or Contract); Employee Job Status (Confirmed or unconfirmed).
Copy of the customer’s staff ID
How To Apply For UBA Auto Loan
Visit any of the approved auto vendor stores to obtain pro-formal invoice (PFI) for preferred items.
Visit a UBA branch to complete a loan application form.
Execute an offer letter detailing the loan terms and requirements, following approval of the loan.
Pick up your preferred automobile from the auto vendor.
5. UBA Asset Finance Loan
As a UBA customer, you can get financing for the purchase of household appliances, alternative power solutions, etc. with the UBA Asset Finance and pay back conveniently over a period of 24 months. You can purchase a variety of assets ranging from smartphones, furniture, laptops, household appliances, inverters, generators, etc.
Main Features & benefits Of UBA Asset Finance
Access to a wide array of reputable dealers/retailers
Convenient repayment period of 24 months
Attractive interest rate (the interest rate will be on floating terms subject to changes in money market conditions, for the period of the loan)
Maximum loan amount of N3million
Minimum loan amount of N35,000
Minimum equity contribution of 30%
Requirements To Apply For UBA Asset Finance Loan
salary account
Duly completed loan application form.
Valid means of Identification (International Passport, National Driver’s License, National ID Card and Voters’ Card).
Employer’s undertaking to domicile salary with UBA
Duly accepted offer letter or employee inquiry form (The offer letter should contain Employee Name, Employee Job Description/Position; Nature of Employment (Permanent or Contract); Employee Job Status (Confirmed or unconfirmed).
Copy of the customer’s staff ID.
How To Apply For UBA Asset Finance Loan
Get pro-forma invoice (PFI) for preferred items from any approved vendor
Then visit a UBA branch to complete a loan application form
Execute an offer letter detailing the loan terms and requirements, following approval
Pick up preferred items from the vendor.
Conclusion
Clearly, from the above available options of loans open to UBA customers who are salary earners, calling UBA a Salary earners friendly bank is not only proper but fitting. Therefore, do well to check the options that best suits your need and circumstances. Should you require further information on this issue you may do well to contact UBA customer Care unit as they will be pleased to furnish you with the further details you need.