United Bank for Africa (UBA) offers a gateway to financial empowerment, providing two accessible avenues for borrowing: the UBA Mobile App and USSD codes.
In this comprehensive guide, I will proceed into the straightforward process of securing a loan from UBA, covering eligibility criteria, loan amounts, interest rates, and the hassle-free repayment process.
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Borrowing via UBA Mobile App
Download and Install UBA Mobile App
- Begin your journey by downloading and installing the UBA Mobile App, available on Google Play Store or App Store.
- Launch the app and log in using your credentials.
Navigate to the “Loans” Section
- Once logged in, locate the “Loans” tab within the app interface.
Select Your Preferred Loan Type
- Choose the type of loan that suits your needs, whether it’s the Click Credit or a Personal Loan.
Review Terms and Conditions
- Take a moment to review the terms and conditions associated with the chosen loan type.
Enter Loan Details
- Input the desired loan amount and select the repayment term that aligns with your financial preferences.
Submit Your Application
- With the details entered, submit your loan application for processing.
Borrowing via USSD Code
| Borrowing via USSD Code Steps: | Description |
|---|---|
| Dial USSD Code: | Dial *919*28# from your UBA-registered mobile phone to access the loan menu. |
| Navigate to “Loans” Option: | From the USSD menu, select the “Loans” option. |
| Choose Loan Type: | Pick your preferred loan type, whether it’s Click Credit or a Personal Loan. |
| Enter Loan Details: | Input the loan amount and select the repayment term. |
| Submit Your USSD Loan Application: | Confirm and submit your loan application for processing. |
Dial USSD Code
- Dial *919*28# from your UBA-registered mobile phone to access the loan menu.
Navigate to “Loans” Option
- From the USSD menu, select the “Loans” option.
Choose Loan Type
- Pick your preferred loan type, whether it’s Click Credit or a Personal Loan.
Enter Loan Details
- Input the loan amount and select the repayment term.
Submit Your USSD Loan Application
- Confirm and submit your loan application for processing.
Eligibility for UBA Loans
To qualify for UBA loans, ensure you meet the following criteria:
- Nigerian citizenship.
- Minimum age of 18 years.
- Valid Bank Verification Number (BVN).
- Fulfill specific eligibility criteria for your chosen loan type.
- Registered customer of UBA.
Loan Amounts and Repayment Terms
- Click Credit: Up to ₦300,000 for a tenure of up to 12 months.
- Personal Loan: Up to ₦30 million with a repayment period of up to 60 months.
Interest Rates
- Click Credit: 1.5% – 3% per month.
- Personal Loan: 15% – 25% per annum.
Loan Approval and Disbursement
- Upon submission, UBA reviews your application within 24 hours.
- Approved loans are swiftly disbursed into your UBA account.
Repayment
- Repay your loan conveniently through the UBA Mobile App, online banking, or at any UBA branch.
- No penalties for prepaying your loan.
Conclusion
Empower your financial journey with UBA, where accessing loans is seamless, transparent, and tailored to meet your needs.