How to Apply For UBA Loan and Get It

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The United Bank of Africa Loan helps all salaried individuals achieve their dreams, goals, and aspirations. You can use this product to pay for utility bills, get your dream house or rent an apartment, give your side hustle a boost, pay for professional and personal development training, and so on. In this post, we will show you how to apply For UBA Loan.

There are several advantages that a recipient of these loan services can take advantage of, including:

With a 60-month repayment schedule, an interest rate as low as 18%, and a one-time management charge of 1%, this is a great deal. You can borrow up to N30 million, with a minimum loan of N100, 000, and you can borrow up to 50% of your debt service ratio (DSR).

Requirements For UBA Loan

  • Active savings account or a current account,
  • Form for requesting a loan that is filled out.
  • International passport, national driver’s license, national ID card, and voter’s card are all acceptable forms of identification.
  • The employer’s promise to pay the wage to UBA.
  • Employee Name, Employee Job Description/Position; Nature of Employment (Permanent or Contract); Employee Job Status (The offer letter should contain Employee Name, Employee Job Description/Position; Nature of Employment (Permanent or Contract); Employee Job Status (The offer letter should contain Employee Name, Employee Job Description/Position; Nature of Employment (Permanent or Contract); Employee Job Status (Confirmed or unconfirmed).
  • a copy of the obligor’s employee ID
  • At any branch, submit a completed loan application form together with supporting papers.

Loan Disbursement

If the application is approved once all documents have been provided, the loan will be transferred into the Bank’s pay account within 48 hours.

Through this loan, the United Bank of Africa is attempting to ease the challenges faced by salaried clients, and it serves as an opportunity for consumers to reach the goals that financial hurdles have been preventing them from achieving.

How to Apply for UBA Loan

  1. At any branch, submit a completed loan application form together with supporting papers.
  2. Following loan approval, write an offer letter outlining the loan terms and conditions.
  3. The money will be deposited into a Bank-owned salary account.

You can visit the official UBA website if you are interested.

Source: Nyscinfo

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