Personal Loan
Enough money for your dreams.
Flexible Loans for Your Everyday Needs
The UBA Personal Loan product is designed to support all salary earners in meeting their lifelong dreams. With this product, you can cover medical bills, make home improvements, give your side hustle a little boost, pay for training to improve yourself, and do much more!
Features
- Convenient repayment period of 60 months.
- One-off management fee of 1%.
- Maximum loan amount of N30million and minimum of N200,000.
- Access up to 60% of your debt service ratio(DSR).
- Attractive interest rate.
Requirements
- 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).
- 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 obligor’s staff ID.
- 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.
How to apply
Loan calculator
Select the loan amount, rate, and duration to get started
Get started now by opening an account of dial *919#
Frequently Asked Questions
Here is everything you need to know about the UBA Personal Loan.
How do I apply for a Personal Loan?
Walk into any of our Business Offices nearest to you. You can also contact your Relationship Manager for guidance.
What is the maximum loan amount I can apply for?
You can get up to N 30,000,000.00 (Thirty million naira) depending on your salary and other set terms and conditions.
What is the maximum loan tenor?
You can enjoy flexible loan tenor up to 60 months.
How do I know if I am eligible for a loan?
To be eligible to obtain a loan facility, the following criteria are to be met:
- You must be a confirmed staff of your organisation.
- You must run a UBA Salary Account.
- Your employer must be on the approved list of organisations for Personal Loans.
How long will it take to process a UBA Personal Loan request?
Your employer must be on the approved list of organisations for Personal Loans.
What documents am I required to provide to obtain a loan?
To obtain the UBA Personal Loan, you would need to provide the following documents:
- A duly completed Loan Application Form.
- A copy of your pay slip and bank statement of account indicating salary inflows in the last 6 months.
- A letter of awareness from your current employer.
