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May 28, 2019

UNITED BANK OF AFRICA NIGERIA

 

PERSONAL BANKING LOANS

  • OVERDRAFT
  1. Revolving Personal Overdraft

Their special overdraft for the individual who earns at least =N=2.5million per annum and which allows you to overdraw your current account. Your limit revolves to its maximum limit immediately your salary comes in, ready for you to utilize it again and again, whenever and wherever you need it, without your having to apply again.

Benefits

  • Pay for goods, services and meet daily expenses without having a kobo in your account
  • Self-administered with your cheques, other payment instruments and ATM card at an ATM or PoS terminal
  • One-off application and approval
  • Charges are taken only on the utilized amount

Target Audience

  • Confirmed employees in the private or public sector who earn at least =N=2.5million per annum
  • Individuals whose salaries must have been paid through UBA for at least 3 months

How to Apply

  1. Complete a special short and easy to fill form
  2. Submit your application to the Customer Service Officer in your business office

 

  1. Executive Personal Overdraft

Their special overdraft for the individual who earns at least =N=5million per annum and which allows you to overdraw your current account. Your limit revolves to its maximum limit immediately your salary comes in, ready for you to utilize it again and again, whenever and wherever you need it, without your having to apply again.

Benefits

  • Pay for goods, services and meet daily expenses without having a kobo in your account
  • Self-administered with your cheques, other payment instruments and ATM card at an ATM or PoS terminal
  • One-off application and approval
  • Charges are taken only on the utilized amount

Target Audience

  • Confirmed employees in the private or public sector who earn at least =N=5million per annum
  • Individuals whose salaries must have been paid through UBA for at least 3 months

How to Apply

  1. Download the application form and letter of undertaking located in the download section of their website.
  2. Submit your completed application to the Customer Service Officer in your business office

 

  1. Overdraft Max

Their overdraft MAX is a one-off short-term facility for the individual who earns at least N7.5million per annum that allows you to overdraw your account for a maximum of 180days.

Benefits

  • Up to 20% of your annual after tax income as your Overdraft limit
  • Pay for goods, services and meet daily expenses without having a kobo in your account
  • Self-administered with your cheques, other payment instruments and ATM card at an ATM or PoS terminal
  • Charges are calculated only on utilized amount
  • Charges are calculated only for the number of days your account is in debt
  • Competitive interest rate

Target Audience

  • Confirmed employees in the private or public sector who earn at least =N=7.5million per annum Notional amount, Currency, future & maturity dates and reference rate must be agreed
  • Individuals whose salaries must have been paid through UBA for at least 3 months

How to Apply

  1. Complete a special short and easy to fill form
  2. Submit your application to the Customer Service Officer in your business office or Retail Credit Products Groups in the Head office
  3. Personal Overdraft

Personal Overdraft is a short term facility that allows you to overdraw your current account for 6 months up to a maximum amount of =N=3 million. You repay only 5% of the amount borrowed every 30 days when your salary is paid again.

Benefits

  • By having to repay 5% every month till the end of the 6 months tenor when you have to repay the total outstanding, you are assisted in managing your finances
  • Gives you the money you need when you do not have sufficient funds in your account
  • Considerate, structured and convenient terms of repayment
  • Competitive interest rate

Target Audience

  • Executives, partners and middle level management staff of reputable organizations in the private or public sector who are confirmed and earn an after tax annual income of N5million
  • Individuals whose salaries must have been paid through UBA for at least 3 months
  • UBA account holders
  • Individuals who do not have a history of returned cheques due to insufficient funds

How to Apply

  1. Complete a UBA Consumer Loan Application form which you may download online or pick up from any of their branches
  2. Submit your application to the Customer Service Officer in your branch

 

  • Asset Finance

Asset finance is the credit program that gives you the opportunity to own that asset you have always longed for such as: new cars, personal computers and notebooks, generators, mobile phones, washing machines, household furniture, gas/electric cookers, electronic and electrical appliances.

Benefits

  • Convenient terms of payment.
  • The opportunity to own your own asset without having to save for a long period
  • Considerate and convenient terms of payment
  • Competitive interest rates.

Target Audience

  • Confirmed employees of reputable organizations in the private or public sector
  • Individuals whose salaries must have been paid through UBA for at least 1 month
  • UBA account holders
  • Employees who will be discussing or selling consumer credit products

How to Apply

  1. Complete a consumer loan application form which you may download online or pick up from any of their branches
  2. Obtain a Pro-forma invoice from an acceptable vendor known to your customer service officer
  3. Submit your application to the customer service officer in your branch
  4. Provide the minimum equity contribution of 20% of the cost of the asset
  5. Provide the funds to cover the insurance cost

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