The past year has been incredibly challenging for all of us. One way or another, everyone has been affected financially, from the challenges expounded by the pandemic to national economic difficulties that have seen Nigerians hustling to get by. We all need a push in the right direction and getting a suitable loan can be all the push we need.
Where to Get the Best Loan Offers in Nigeria
Are you looking for where to get the best loans in Nigeria? There are a few things to look out for to make sure that you get the best offer in terms of payback percentage and in the optimum category for your borrowing needs. There are so many things we need loans for. On a note of personal needs, the list is limitless, from short term to long term needs including rent, house purchase, land purchase and so on. Business or organisational needs also require emergency or immediate funding that a loan can offset. UBA offers multiple loan options that cover almost any need across different industries and assets.
Types of Loans Offered by UBA
Click Credit
You can get a loan of up to 1 Million Naira in one minute at an interest rate of 23% annually (1.92% monthly) to payback over 12 months with no hidden charges. To qualify for Click Credit, customer must have a salary account with a minimum salary of Ꞥ25,000. Customers can access Click Credit on USSD via just dialing *919*28# or by simply sending Loan to Leo on Facebook and WhatsApp.
Personal Loan
With the UBA Personal Loan, you can get up to N30 million, to help personal needs with a flexible repayment period of 48 months at a highly competitive interest rate. The UBA Personal Loan product is designed to support all salary earners. With this product, you can cover medical bills, make home improvements, etc
Asset Finance
Get financing for the purchase of household appliances, alternative power solutions and more with the UBA Asset Finance. As an employee in the public or private sector, you can access this loan option at competitive interest rates and convenient terms of payment.
Auto Loan
Whether it’s your first car or you want to upgrade to a higher model, the UBA Auto Loan product enables you to purchase a great car, while you repay conveniently. With a maximum loan amount of N15m and a minimum equity contribution of 30%, you can get financing for a car from any of these approved brands: Toyota, Honda, Mitsubishi, Hyundai, Mercedes, Nissan, Ford, Suzuki, Kia and Volkswagen.
UBA School Loans
UBA offers medium to long term loans aimed at meeting working capital, asset and mortgage needs of registered, privately-owned schools. The offer comprises of a 4-month time loan, a 3-year asset finance loan and a 10-year mortgage loan.
Young Entrepreneur Finance Scheme (YEF)
This product offers loans of up to $50,000 to young entrepreneurs who are at least 18 years old with vibrant and bankable business ideas and who require capital to finance and grow their small and medium scale businesses.
Getting the right loan offer can make a difference in that business idea you have and that tight spot you are in. Visit any UBA Bank branch to begin or apply via the UBA Integrated Credit Express (ICE), a loan application platform.
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