In today’s guide we shall give you full details about the UBA Bank Loan In Nigeria. You can read to get full details on their application procedure and many more.
This UBA article will guide you on how you will obtain a bank loan with UBA bank Nigeria.
Table of Contents
What Is Needed To Access UBA Loan In Nigeria
The following are vital requirements for eligibility for a UBA bank loan in Nigeria; ensure you meet them first.
• You should have an active saving or current salary account
• Correct completed loan application form
• Valid means of identification that is a national identification card, national driver’s license, international passport, and voters card
• The employer undertaking to domicile salary with UBA
• You should also have a duly accepted offer letter or an employment inquiry form.
Also, note that in that letter, there should be -employee name, employee job description/position, nature of employment (i.e., permanent or contract), and finally, employee job status (i.e., confirmed or unconfirmed)
You will need a copy of the obligor’s staff ID.
Once you have the position mentioned above, we are a step ahead to getting the loan. Just follow the easy and apparent steps below to apply.
Steps To Follow To Apply For UBA Loan In Nigeria
1. You should give out a duly completed loan application form together with supporting documents at any UBA branch.
2. Then execute an offer letter containing information about the loan term and requirements, following confirmation.
3. Once you have done the things mentioned, the loan will be sent into your salary account domiciled with the UBA Bank
And when you do the above, you will get your loan, and you will no longer have to worry about renovating your house, paying your school fees, or finishing that project you started because UBA bank is for you!
What Are The Benefits And Features Of A UBA Loan?
UBA loan has several advantages and features, which include the following-it has a favorable repayment period of sixty months
– it comes with a low interest rate of 20%
– also have a 1% off management fee
– you can borrow as much as thirty million nairas and as low as 100k naira
– you can also get up to 50% of your debt service ratio (DSR)
How Will I Apply For A Personal Loan?
You will go to the out committed lending platform “Integrated Credit Express (ICE)” or visit any businesses nearby. You can also contact your UBA loan relationship manager for help.
How Will I Know If I Am Qualified For UBA Loan?
To be eligible to access a loan at UBA bank Nigeria you should first meet the below-mentioned criteria.
It would be best if you were a verified staff of your organization
You must have an active UBA account
And also, your employer should be on the verified list of organizations for Personal Loans.
How Much Time Will I Have To Wait For My Loan To Be Processed?
The UBA Nigeria personal loan takes around two days for the amount to be sent into your account after receiving the necessary documents.
That is how to apply for a UBA loan in Nigeria.
