UBA Amazing Low Interest Loans – Apply Now!

UBA Amazing Low Interest Loans – UBA is a supportive partner. It gives you loans to grow your business and meet some personal needs. UBA also caters for the bespoke needs of self-employed business owners.

UBA Amazing Low Interest Loans
UBA Amazing Low Interest Loans

SMEs (retail merchants and general commerce), self-employed professionals, entertainers, start-ups, tech entrepreneurs, and artisans. There are several loans that UBA gives its customers. They include:

UBA Working Capital Loan

The UBA Working Capital loan offers up to ₦50 Million to help business owners meet their cash flow needs and expand their businesses. A flexible collateral cover will be required, but it will depend on the loan amount you are requesting and the nature of your business. It is also open to customers with verifiable credit net worth, whose cash flow patterns meet the requirement for lending.

Features

  • As a UBA customer, you can get up to ₦50 Million, payable over 12 months to expand your business and meet your cash flow demands.
  • Businesses owned by women get special interest rates.
  • As a UBA customer, you can get the facility as an overdraft or a term loan.

Requirements

  • You must have registered your business for up to 1 year.
  • The business must have a banking relationship with UBA for a minimum period of 3 months.
  • Kindly talk to the SME team at any UBA branch closest to you for more details regarding the requirements.

How to Apply

Request to speak with the SME Team at the UBA branch closest to you and get details on how to apply.

UBA Asset Finance Loan

The UBA SME Asset finance loan gives you funding to purchase new assets and expand your business. This is available to registered SMEs in Professional Firms and Service Providers, Food & Drink, Wholesale/Retail Trade and Key Distributors, Agri-Business, Green Economy and Fintechs, Exports, Educational Institutions, and other viable businesses.

Features

  • As a customer, you can get a loan from ₦4 Million – ₦50 Million to purchase assets and equipment needed for your business operations.
  • You are required to pay the loan for a minimum period of Twelve (12) months and a maximum of Thirty-Six (36) months.

Requirements

  • To get this loan from UBA your business must have been registered for up to 1 year with them.
  • Your business must have a banking relationship with UBA for a minimum period of 3 months.
  • For more information about the requirements, you can talk to the SME team at any UBA branch closest to you.

How to Apply

To apply for this loan request to speak with the SME Team at the UBA branch closest to you.

UBA School Loans

The UBA school loan is a medium to long-term facility aimed at meeting the working capital, asset, and mortgage needs of registered privately owned schools. The UBA school loan comprises a short-term loan, an asset finance loan, and a mortgage loan.

Features

  • As a UBA customer, you can get up to ₦5 Million, payable over 12 months, for the short-term loan.
  • As a customer you can also access a maximum of ₦20 million for 36 months, to purchase assets and equipment needed for the smooth running of your school.
  • UBA customers can also access a term loan/mortgage of up to ₦100 million for  5 years.

Requirements

  • To be able to access this loan, the school must have been operating for 2 years as evidenced by the bank statement.
  • There must be proof of government-obtained approval from the school and every necessary authorization from relevant regulatory bodies.
  • The school must have been registered as a business for up to 1 year.
  • The school must have a banking relationship with UBA for a minimum period of 3 months.

For more information regarding this loan requirement, kindly talk to the SME team at any UBA branch closest to you.

How to Apply

You can request to speak with the SME Team at the UBA branch closest to you.

UBA Health Loan

The UBA Healthcare Loan is designed to provide financing to registered hospitals, pharmacies, medical laboratories, diagnostic centres, optical clinics, and dental clinics for business expansion, upgrade, and equipment purchase as well as supporting their cash flow needs.

Features

  • There is a short-term loan of up to ₦5 Million, payable over 12 months available to customers in this line of business, depending on the existing cash flow of the business.
  • As a customer, you can also get up to ₦50 Million for property expansion and asset acquisition for a maximum period of 36 months.

Requirements

  • You must have a registered business for up to 1 year.
  • Your business must have a banking relationship with UBA for a minimum period of 3 months.
  • You must have a registered and licensed business by the relevant regulatory authorities.

For more information about the requirements, kindly talk to the SME team at any UBA branch closest to you.

How to Apply

You can request to speak with the SME Team at the UBA branch closest to you.

Forex Cash-Backed Loan

To apply for this loan, you need a funded domiciliary account

Requirements

  • To get access to this loan you need a Funded FOREX account
  • Duly completed loan application form
  • You also need a valid means of Identification (international passport, national driver’s license, national id card, and voters card)

In case you don’t have a Domiciliary Account and you want to apply for this loan

Click here to open one for Nigerian-based customers.

For abroad-based customers Click here to open one.

How to Apply

  • Click here to see where to download and fill out the loan request form.
  • Visit a UBA branch with all the necessary documentation to complete your loan application
  • Send an email to [email protected] if you live outside Nigeria.
  • Sign an offer letter containing the loan terms and conditions after the loan has been approved.
  • The approved loan amount will be disbursed into your UBA naira account.

Benefits

  • You will get a maximum loan amount of N10 million
  • A maximum of 85% of Forex Savings or deposit value is calculated at the Bank’s prevailing rate.
  • A convenient repayment period of 36 months
  • 5% interest on Forex deposit

It has an attractive interest rate. The interest rate will be on floating terms subject to changes in money market conditions, for the period of the loan.

  • A one-off management fee of 1%

FAQs

How Much Can One Get from the UBA Personal Loan?

With the UBA Personal Loan, you can get up to N30 million, to help you live your dreams. You also enjoy a flexible repayment period of 48 months at a highly competitive interest rate.

What is the Name of the UBA Loan App?

UBA loans application platform, the Integrated Credit Express (ICE), puts you in charge of all your loans such as UBA Personal Loans, Auto Loans, Asset Finance, and Insurance Premium Financing.

Can I Get a Loan in 2 Days?

Few major personal loan providers offer same-day approval and funding, as most take at least 2 business days, but there are some worthwhile exceptions. The best same-day personal loans offer low APRs and fees, in addition to nearly instant access to money.

Does UBA Give a Salary Advance?

UBA Salary Advance/Personal Overdraft is a short-term facility that allows you to overdraw your current account for 6 months up to a maximum amount of N3 million. When your salary is paid again, you repay only 5% of the amount borrowed every 30 days.

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