Loans & Payments ​

We help you meet your desired needs and wants by our loans & payment platform. ​

No matter what your needs are, we are here for you. ​

Do you need constant cash support, month in and month out? With longer-tenure credit, flexible payment plan and lower equity, banking with us is a rewarding relationship that enables you to enjoy the good things of life.

Personal Overdraft

Personal Overdraft is a short-term facility that allows you to overdraw your current account for 6 months, up to a maximum amount of N3 million. You repay only 5% of the amount borrowed every 30 days, when your salary is paid.
  • By having to repay 5% every month till the end of the 6 months tenure, when you have to repay the total outstanding, you are assisted in managing your finances
  • Gives you the money you need when you do not have sufficient funds in your account
  • Flexible, structured and convenient terms of repayment
  • Competitive interest rate
  • Executives, partners and mid-level management staff of reputable organisations in the private or public sector who are confirmed and earn an after-tax annual income of N5 Million or above
  • Individuals whose salaries have been paid through UBA for at least 3 months
  • UBA account holders
  • Individuals who do not have a history of cheques returned due to insufficient funds
Complete a UBA Consumer Loan Application Form, which you may download online or pick up from any of our branches
  • Submit your application to the Customer Service Officer in your branch
  • Click to apply for U-Advance Letter of Awareness
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    Executive Loan

    As a busy, high-flying executive, you seek a quick and convenient means of accessing funds for a specific purpose. Choose the loan made just for you. With the UBA Executive loan, you can access a competitively priced loan that will allow you to manage your requirements easily.
    • You decide how to use your loan
    • No invoices or deposits are required
    • Fast, simple and convenient
    • Flexible repayment schedule ranging from 3 – 36 months
    • Competitive interest rate
    • UBA salary account holders who earn executive-level salaries
    • Complete a UBA Consumer Loan Application Form, which you may download by clicking on the download link on this page or pick up from any of our branches
      Submit your application to the Customer Service Officer in your branch

    Cash Collateralised Loan

    A consumer loan that makes it possible for you to obtain credit in Naira, the US Dollar, Pound Sterling and the Euro, using your cash deposits, investments and their equivalents with UBA, UBA Capital & Trust and any other financial institution acceptable to UBA.

    • Up to 80% of your deposits or investments in loans, if the request and collateral are in the same currency
    • Up to 50% of your deposits or investments in Naira loans if the collateral is in a foreign currency
    • Flexible, structured and convenient repayment terms
    • Competitive interest rates
    • Easy and speedy access to credit without the loss of existing assets
    • Individuals who have cash deposits, investments and their equivalents
    • Individuals whose salaries must have been paid through UBA for at least 3 months
    • UBA account holders
    • Employees who will be discussing or selling consumer credit products
    • Complete a UBA Consumer Loan Application Form, which you may download online or pick up from any of our branches
    • Complete a Letter of Set-Off or Lien or Deposit Hypothecation Agreement in the name of the owner
      Complete a Letter of Confirmation of Collateral
    • Execute a Memorandum of Charge over the investment or cash deposit
    • Provide roll over instructions where necessary
    • Submit your application to the Customer Service Officer in your branch along with your original Certificate of Deposit or Savings Passbook
    • Where the pledged cash deposit is not in your name, you would also need to do the following and submit with your application:
      – Execute a Guarantee form
      – Complete a Domiciliation of Proceeds Form
    • Where the pledged deposit or investment is in the name of a limited liability company or registered association, you would also need to submit the following with your application:
      – Your Constitution or Memorandum and Articles of Association and;
      – Your Executed Board Resolution of the organization, authorising the pledging of the cash deposit to the bank on behalf of another party