In today’s economy, relying only on a monthly salary is often not enough to meet daily expenses. There are also times when unexpected financial emergencies arise and quick access to funds becomes necessary. In such situations, getting a loan from UBA Bank can be a dependable solution.
United Bank for Africa (UBA) offers various loan options to individuals and businesses in Nigeria. Many customers have benefited from these loans, borrowing both small and large amounts to address personal, household, and business needs. While some people still doubt whether UBA loans are easy to access, the truth is that loan approval is possible once the required conditions are met.
UBA provides loans to eligible customers, but you must be an account holder and satisfy specific criteria. Salary loans remain one of the most popular UBA loan options. This guide explains how to get a loan from UBA Bank in Nigeria without unnecessary stress.
Types of UBA Loans Available in Nigeria
Before applying for a loan, it is important to understand the different UBA loan types and their purposes. Each loan category comes with its own features, requirements, and repayment terms. Selecting the right loan increases your chances of approval.
Generally, higher loan amounts require stronger eligibility conditions or collateral. However, most UBA digital loans do not require paperwork, making them fast and convenient.
Some of the popular UBA loan options include:
- Click Credit Plus Loan
- Solar Financing Loan
- Personal Loans
- Senior citizen loans
- Assets financing loan
Let’s move to how to secure any of the loans in the above section
1. Click Credit Plus Loan
Click Credit Plus is a short-term digital loan designed primarily for salary earners; however, non-salary earners can also access the loan based on merit. It allows customers to borrow funds directly through UBA’s digital platforms without visiting a bank branch. Borrowers can access up to ₦200,000 at a competitive interest rate, and the loan must be repaid within 30 days.
Key Requirements
- Applicants must be between 18 and 60 years of age.
- Must have an active UBA savings or current account.
- Salary account holders must have at least six months of salary payment history.
- Non-salary earners must have been banking with UBA for a minimum of six months, with consistent deposits over a 12-month period.
How to Apply for Click Credit+
Applying for a UBA Click Credit Plus loan is easy, fast, and convenient. No paperwork is required.
Via Quick USSD Code
- Dial *919*28# from the phone number linked to your UBA account.
- Select the Click Credit Plus option from the menu.
- Accept the terms and conditions.
- Your eligible loan amount will be displayed.
- Enter the amount you wish to borrow.
- Confirm the transaction by entering your 4-digit PIN.
Via UBA Mobile App
If you prefer not to use the USSD method, download the UBA Mobile Banking App from the Google Play Store (Android) or Apple App Store (iPhone). Register by following the on-screen instructions, log in, and apply for the loan to receive instant approval.
2. Solar Financing Loan
UBA Solar Financing allows customers to spread the cost of solar power systems over time. It is ideal for individuals and businesses seeking reliable alternative power solutions.
This guide focuses mainly on employees with salary accounts at UBA and how they can access the solar loan. However, individuals and SMEs who are interested in this offer can visit any UBA branch for enquiries.
Generally, individual applicants are required to have operated their UBA accounts for at least six months, with consistent deposits and transactions. For SMEs, the business must have strong transaction records with UBA for a minimum of three months and must be a registered business that has been in operation for at least one year.
With that explained, let’s proceed to the requirements for applicants seeking the solar loan through paid employment.
Requirements for Solar Loan (Salary Earners)
Below is a simple and clear explanation of each requirement:
- Duly Completed Loan Application Form (LAF): You must complete the bank’s loan application form, which must be endorsed (signed or stamped) by your employer to confirm your employment and approve the request.
- Signed Loan Offer Letter: After loan approval, UBA will issue an offer letter stating the loan terms and conditions. You must sign this letter to indicate acceptance.
- Employer’s Letter of Awareness and Introduction: A letter from your employer confirming their awareness of your loan application and introducing you as their staff. It usually includes your employment status and salary details.
- Completed Employee Inquiry Form (by Employer): This form is filled and signed by your employer, providing details of your job role, salary, and employment history for verification purposes.
- Copy of Staff ID: A photocopy of your official staff identification card to confirm your employment.
- Confirmation Letter: A letter stating that you are a confirmed (non-probationary) staff member, including your position and confirmation date.
- Pro-forma Invoice for the Solar Equipment (Addressed to the Bank and Applicant): A price quotation from the vendor addressed to both the applicant and UBA, clearly stating the item description and cost.
- Clean Credit History: You must have no outstanding unpaid loans or negative records with Nigerian credit bureaus or the CBN Credit Risk Management System (CRMS).
How to Apply for the Solar Loan
Visit the nearest UBA branch and request the Solar Financing Loan application form. You may be asked a few preliminary questions. Complete the form and submit it along with all the required documents listed above for loan processing and approval.
3. Personal Loans from UBA Bank
UBA Personal Loans are designed to meet various personal needs such as rent, school fees, medical bills, and household expenses. Under this loan package, customers can access amounts ranging from ₦200,000 up to ₦30 million. Repayment is typically spread over up to 60 months, with a competitive interest rate, which is deducted directly from the borrower’s salary account.
Requirements to Access UBA Personal Loan
- An active UBA savings or current account
- A duly completed loan application form
- A valid means of identification (driver’s licence, international passport, or national ID card)
- An employment letter stating your employer’s name, job position, and employment status (contract or permanent)
- A staff ID card issued by your employer
How to Apply for UBA Personal Loan
Visit the nearest UBA branch or download the loan application form online. Complete the form, attach all the required documents listed above, and submit them at the bank. Once the loan is approved, the funds will be credited directly into your account.
4. Senior Citizen Loans
UBA Senior Citizen Loans are designed specifically for retirees and pensioners who wish to remain active by venturing into business but may not have sufficient start-up capital. This loan provides an opportunity for senior citizens to access funding and stay financially productive.
Eligible applicants can access up to ₦15 million, with a flexible floating interest rate that may change in line with money market conditions during the loan period. In addition, a 1% interest charge and 1.6% credit life insurance premium are deducted to protect both the borrower and the bank in cases such as inability to repay or death.
Requirements
- Applicants must be between 50 and 75 years of age
- Minimum monthly net pension of ₦100,000
- Must be a UBA account holder
- Pension Identification Number (PIN)
- At least three months of consistent pension payments into a domiciled UBA account
- A valid Nigerian ID card
How to Apply UBA Personal Loan
Visit any UBA branch to obtain and correctly complete the loan application form. Submit the form along with all required documents for review. If the application is approved, the loan amount will be disbursed directly into your domiciled UBA account.
5. Asset Financing Loans
Unlike other loan options, the UBA Asset Financing Loan is designed for customers whose salary accounts are domiciled with UBA and who plan to purchase assets through installment payments. This loan can be used to buy items such as laptops (for personal or family use), household appliances, furniture, or power backup solutions like generators and inverters.
If you are interested in acquiring these assets but cannot afford to pay for them all at once without straining your monthly salary, the UBA Asset Financing Loan provides a convenient solution.
One major advantage of this loan is that UBA works with registered SMEs and approved vendors that supply various assets and services. This means you do not have to search extensively on your own. Simply visit any UBA branch and speak with a member of the SME or asset financing team about the item you wish to purchase.
With that explained, let’s take a look at the requirements for accessing the UBA Asset Financing Loan.
Key Features
- Loan amount: ₦35,000 – ₦3,000,000
- Repayment tenure: Up to 24 months
- Interest rate: Floating based on money performance.
- Equity contribution: Minimum 30%
- Assets sourced from UBA-approved vendors
Requirements
- Active UBA salary savings or current account
- Completed loan application form
- Valid ID (NIN, Driver’s Licence, Passport, or Voter’s Card)
- Employer’s consent to domicile salary with UBA
- Accepted offer letter or employee inquiry form
- Copy of staff ID card
How to Apply for UBA Asset Loan
- Get a pro-forma invoice from an approved vendor
- Apply at any UBA branch
- Sign the offer letter after approval
- Collect your asset from the vendor
Frequently Asked Questions
1. Does UBA give loans in Nigeria?
Yes. UBA offers several loan options including Click Credit Plus, Personal Loans, Solar Financing, Senior Citizen Loans, and Asset Financing.
2. Do I need a UBA account to get a loan?
Yes. You must have an active UBA account to qualify for any UBA loan.
3. What is the easiest UBA loan to get?
Click Credit Plus is the easiest, as it is fully digital and offers instant approval for eligible customers.
4. How much can I borrow with Click Credit Plus?
You can borrow up to ₦200,000, repayable within 30 days.
5. Can non-salary earners apply for UBA loans? Yes. Non-salary earners can apply, provided they meet UBA’s account activity and transaction requirements.
6. How do I apply for a UBA loan? Click Credit Plus is applied via USSD or the UBA app, while other loans require visiting a UBA branch.
7. Does UBA offer loans for pensioners? Yes. UBA Senior Citizen Loans are available for retirees and pensioners aged 50–75 years.
8. What is UBA Asset Financing Loan used for?
It is used to purchase assets like laptops, appliances, furniture, generators, and inverters through approved vendors.
9. Does repayment affect future loan approval?
Yes. Timely repayment improves your credit score and increases your chances of future loan approvals.
10. Why can a UBA loan be declined?
Loans may be declined due to poor credit history, low account activity, or incomplete documentation.
Conclusion
UBA loans are useful financial tools during times of urgent need. The most basic option, Click Credit Plus, does not require any intermediary. As long as you receive your salary consistently each month, you are likely to be eligible. Even better, the process is stress-free because it is fully digital.
Once you apply for Click Credit Plus through the USSD code or the UBA mobile app, approval is instant and the funds are credited directly to your account. UBA also offers solar loans to help customers overcome power outages, as well as dedicated loan packages for pensioners and asset financing loans for customers who want to purchase items on installment.
Accessing any UBA loan is straightforward. All you need is an active UBA account. Preferably a salary account; opened either online or at a branch. If your account shows regular and consistent transactions, your chances of approval are high.
Finally, always ensure you follow the agreed repayment plan whenever you borrow. Timely repayment improves your credit score and increases your chances of approval for future loans. Also note that each loan product has its own features and requirements, so providing accurate information is key to fast approval.
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