UBA Senior Citizens Loan

You can age gracefully, we got your back.

The UBA Senior Citizens Loan is designed to support Pensioners within the age bracket of 50 – 75 years. You can get up to N15 million to start a retirement project, travel the world and do much more. 

Product Features & benefits

  • Convenient repayment period of 36 months
  • Attractive interest rate (the interest rate will be on floating terms subject to changes in money market conditions, for the period of the loan)
  • Maximum loan amount is N15 million
  • One off management fee of 1%
  • Credit Life Insurance – 1.6% covering Death, Permanent disability and Critical

Requirements

  • A functional UBA account
  • A pension Identification number
  • 3-months consistent pension remittance through UBA
  • Minimum net pension fund should not be less than N100,000 monthly
  • Age limit for customers is 50-75 years
  • A valid Nigerian ID (Drivers licence, International passport, NIMC, Voters card)

How to apply

  • Submit a completed loan application form along with other required documents at any UBA branch nationwide.
  • Sign an offer letter detailing the loan terms and Conditions
  • Loan amount will be disbursed into Customers UBA account.

Terms and Conditions apply

 

Frequently Asked Questions

Yes, UBA gives loan to pensioners

N100,000

Maximum of 36 months

Customer should be within 50-75 years  old

Yes, you need your most recent statement of account from your PFA

Visit the nearest UBA branch around you to make your loan request

Yes, you must have a UBA account to access the loan

Yes, your pension allowance must be paid through a UBA account

Instruct your Pension Fund Administrator of your interest in UBA and change of domiciliation of your allowance to UBA. Once that is done we will verify the domiciliation and the consistency for a minimum of 3 months

Yes, this is possible

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