How To Borrow Money From UBA Bank: A Complete Guide

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Looking for a way to borrow money from UBA Bank in Nigeria? This is the guide you’re looking for.

There are plenty of different financial services companies out there, and it can be difficult to decide which one you should use.

Luckily, one of the most reliable and popular options in Nigeria, the United Bank for Africa (UBA), has an online loan service that might be perfect for your needs.

Here’s how to borrow money from UBA Bank and find the best loans for you today!

Which loan?

Before you start the process of borrowing money from UBA, you need to decide which loan is right for you.

There are a few different types of loans available with UBA, each with its own set of terms and conditions.

You’ll need to decide how much money you need to borrow, how long you’ll need to pay it back, and what interest rate you’re comfortable with.

Once you’ve decided on a loan type, you can begin the application process.


In order to borrow money from UBA, you’ll need to be a savings or current account holder with the bank. You’ll also need to have been employed for at least six months and earn a monthly salary of at least N20,000.

Additionally, you’ll need to provide your most recent bank statement and proof of income. Once you have all of these documents, you can visit any UBA branch and fill out an application form.

Loan Approval

The first step is to get pre-approved for a loan. You can do this by visiting a UBA branch and meeting with a loan officer.

They will review your financial history and determine if you are eligible for a loan. If you are, they will give you a pre-approval letter.
The minimum period for a UBA loan is 6 months, while the maximum tenure is 48 months.

The average interest rate on a UBA loan is 27.5%. In order to qualify for a loan from UBA, you must have a good credit score and a steady income.

Your assets should also be sufficient enough to cover your monthly expenses and debt repayment commitments. Your home or real estate can also be used as collateral.

Repayment Schedule

UBA offers a very flexible repayment schedule, which makes it easy to repay the loan.

The repayment schedule is as follows:

  • -The first payment is due one month after the loan is disbursed.
  • -The second payment is due two months after the loan is disbursed.
  • -The third payment is due three months after the loan is disbursed.
  • -The fourth and final payment is due four months after the loan is disbursed.

When You Can’t Repay

If you can’t repay your loan, the first thing you should do is contact your lender.

They may be willing to work with you to create a new repayment plan.

If not, you may have to consider other options, such as selling assets or declaring bankruptcy.

Late Payment Fees

If you’re borrowing money from UBA Bank, it’s important to be aware of the late payment fees.

If you’re more than 10 days late on a payment, you’ll be charged a $25 fee. If you’re more than 30 days late, you’ll be charged a $35 fee.

And if you’re more than 60 days late, you’ll be charged a $50 fee. So it’s important to make sure you keep up with your payments!

How Do I Borrow Money From My UBA Mobile App?

You can easily borrow money from your UBA mobile app by following these simple steps:

  1. Log in to your account and go to the ‘Borrow Money section.
  2. Enter the amount you wish to borrow and select your repayment period.
  3. Choose whether you’d like to be charged interest monthly or upfront.
  4. Review and confirm your loan details, then click ‘Submit’.

Can I Get a Loan From UBA Without a Salary Account?

If you are an employee of a company, you can apply for a salary advance from your employer.

If you are self-employed, you can apply for a business loan from a bank.

However, if you do not have a salary account with the bank, you will not be able to get a loan from the bank.
How can I check my UBA loan eligibility?
If you’re looking to take out a loan from UBA Bank, the first step is to check your eligibility.

To do this, you’ll need to provide some basic information about yourself and your finances.

Once you’ve done that, a loan officer will be able to tell you whether or not you qualify for a loan.

What code can I use to borrow money from UBA bank?

The UBA loan code is *919*28#. If you’re looking to borrow money from UBA bank, there are a few things you’ll need to do first.

First, you’ll need to have an account with the bank. Once you have an account, you can then apply for a loan.

The loan application process will vary depending on the amount of money you’re looking to borrow and your credit history.

In most cases, you’ll be asked to fill out a loan application and provide some documentation.

All rights reserved. Do not copy, rewrite or republish this content, in part or in whole, without proper credit to the source.

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About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

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