UBA FX Cash Backed Loan AND Personal Loan-Direct: How to apply and Requirement

Do you have Forex “FX deposit” on your UBA domiciliary account if yes you can get Cash Backed loan up to 10 million naira or 85% of their FX deposit at 18% per annum.

You also enjoy a flexible repayment period of 36 months. The loan facility is designed for customers with domiciliary account, funded FX deposits. You can have access to finance for investment purposes or to meet the financing needs of relatives in Nigeria.

The loan will be repaid Convenient at period of 36 months with Interest rate as low as 18%.The Maximum of 85% of FX Savings or deposit value calculated at the Bank’s prevailing rate (buy rate) along with One-off management fee of 1%

Read: UBA Insurance Premium Financing Loan:benefits, requirement and how to apply

Eligibility Criteria for UBA FX Cash Backed Loan

 

1. Functional FX savings or FX current account
2. Duly completed loan application form
3. Valid means of Identification (international passport, national driver’s license, national id card and voters card)
4. Employer’s undertaking to domicile salary with UBA

How to apply for UBA FX Cash Backed Loan

 

1. customers need to Visit a UBA branch to complete a loan application form
2. Submit a completed loan application form with supporting documents at any branch
3. Execute an offer letter detailing the loan terms and requirements, following loan approval
4. Loan will be disbursed into salary account domiciled with the Bank

UBA Personal Loan-Direct

 

This loan facility designed for federal and state civil servants earners who do not have UBA account to meet their financial needs in times of stiff cash flow. Borrower can Access up to 50% of their debt service ratio(DSR)

Salary earners can get up to 10 million naira at 17% per annum with repayment period up to 60 months. The Personal Loan-Direct Interest rate as low as 17% with One-off management fee of 1%.

Read: How UBA Click Credit Loan and Instant Bills Pay Works

Eligibility Criteria for UBA Personal Loan-Direct

 

To qualify for this kind of loan you must fulfill the requirement stated below:

1. Duly completed loan application form
2. Valid means of Identification (international passport, national driver’s license, national id card and voters card
3. 4. Copy of customer’s staff ID
Pay slips or bank statement of account reflecting salary inflows in the last 6 months
5. Customer’s instruction letter

Also Read: UBA transactions Magic CODE *919#:How to buy AIrtime, Open Account ,Funds Transfer and Pay bills in Nigeria

How to apply for UBA Personal Loan-Direct

 

The application process is easy and simple, all you need is to follow the steps below.

1. Visit a UBA branch to complete a loan application form.
2. Submit a completed loan application form with supporting documents at any branch
3. Execute an offer letter detailing the loan terms and requirements, following loan approval
4. Loan will be disbursed into salary account domiciled with the Bank

 

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