UBA Loans: How To Get Loan From UBA

UBA Loans: How To Get Loan From UBA

How To Get Loan From UBA.

The United Bank of Africa is one of the prestigious banks in Nigeria. Over the years, it has performed so well in ensuring that its customers are well served and that banking is made easy for the masses. 

In this article, you will get to know more about UBA loans and how you can get them. We will conclude by answering some of the frequently asked questions. Read on. 

Overview Of UBA Loans 

UBA has been helping individuals and businesses meet their emergencies and needs. Also, businesses can comfortably expand and go toe to toe in competition with their competitors. 

UBA offers different loans to eligible individuals depending on what they intend to do with the loan. In the next section of this article, we shall look at these loans squarely. 

Types Of UBA Loans 

UBA offers different loans. The following are the significant type of loans; 

1.Personal Loan 

Suppose you get stranded by emergencies, and you do not know how to go about seeing to it, you may opt for UBA’s personal loan. With this loan, you can take care of your medical bills, utility bills, and other needs. 

To access this loan, you need to provide some basic information about yourself, and also, you have an account with the bank for not less than six months. 

2. Personal Overdraft 

Another type of loan offered by UBA is a Personal Overdraft. Here, organizations’ staff can withdraw more than their account balance. They must pay about 5% of the monthly amount borrowed from their salaries. 

The personal overdraft can be further divided into executive and revolving overdrafts. While the former is expected to have about 5,000,000 in annual income, 2,500,000 is expected from the latter. 

In addition, your salary account must be with UBA and not less than three months. If you are interested in this loan, you must fill out a form. 

3. Asset Finance 

Let us assume that you want to purchase a gadget, but you lack the resource to get it. What will you do? Forget about the asset? That is the worst thing to do! 

With the asset finance loan, you can acquire any asset you choose and repay later. To be eligible for this loan, your salary account must be with UBA, and you must have received a salary from your organization for at least two months.

4. Cooperative Loans 

This loan scheme is designed explicitly for reputable cooperative societies. The cooperative society has to present a letter signed by the board of directors. The letter should show how much they need and what they intend to do with it. 

Also, the letter should be accompanied by other necessary documents as the bank demands. 

5. Cash Collaterised Loan 

This loan type permits you to earn credit in Naira, Pounds sterling, US dollar, and Euro. This is made possible by your cash deposits, investments, and their equivalents with UBA or other finance institutions UBA accepts. 

To qualify for this loan, you must have cash deposits or investments and their equivalents with UBA. Your past three months’ salaries must have been paid through UBA. 

Furthermore,  a letter of Deposit Hypothecation Agreement in your name, a letter of confirmation of collateral, an original certificate of deposit or savings passbook, and a memorandum of charge over the investment or cash deposit, and you must ensure that all documents provide a rollover instruction where necessary.

However, if the pledged cash deposit is not in your name, a guarantee form and a complete domiciliation of proceeds form are required. 

Again, if the pledged deposit or investment is in the name of an association or liability limited company, a memorandum of Articles of association and an executed board resolution of the organization authorizing the pledging of cash deposit to the bank on other parties’ behalf of another party will be required. 

Eligibility Criteria For UBA Loans 

One of the crucial steps to securing loans from UBA is to be qualified. However, there are no specific requirements for securing UBA loans. The requirements depend mainly on the type of loan you want. This we explained above. 

How To Get a Loan From UBA 

To get a loan from UBA, kindly follow the steps below; 

  1. Visit The Official Website: The first step is to head to the United Bank of Africa’s website to download the loan application form. After downloading the app, you can print it. Also, you can obtain the form from any of the bank’s branches near you. 
  1. Fill Out The Form: After printing the form, fill it out with the correct information. Be careful while doing so to avoid rejection from the bank. 
  1. Visit The Bank: Take the form and other documents needed and visit the bank for further directives. 

Frequently Asked Questions 

How can I get an instant loan from UBA? 

To get a loan from UBA, simply head to the website to fill out and download the form depending on your desired loan. You can also dial *919*28# to assist with your request. 

However, ensure you are eligible for it and have the correct documents. 

How do I qualify for a UBA loan? 

Qualifying for a UBA loan depends mainly on the type of loan you want. However, the most important criterion is to fill out the loan application form. Once you fill out the form correctly, you are qualified for a UBA loan. 

What is the code to get a loan from a UBA loan? 

*919*28# is the code to get a loan from UBA. It works with all networks and can be accessed by everyone– you do not need to have a smartphone before you can use the code. 

What is the name of the UBA loan app? 

The UBA Integrated Credit Express (ICE) is UBA’s loan app. It is available for everyone on Google Play Store. With the app, you can access your desired loan with a low-interest rate and flexible repayment terms. 


UBA is one of the banks offering seamless financial aid to its customers to help them meet their personal and business needs. 

We are confident that you know how to get a loan from UBA. Feel free to ask your questions in the comments section.