United Bank for Africa – loan application

3.9 / 5  (243 reviews)
Maximum amount ₦15,000,000
Interest from 2.08%
Term 1 – 12 months
Your money in Instant (USSD) or 24 hours
Apply on official United Bank for Africa website ad

Application does not commit you to a loan agreement. Loan is approved by United Bank for Africa according to their terms.

Contact

Company United Bank for Africa PLC
Address UBA House, 57 Marina, Lagos Island, Lagos State

United Bank for Africa – repayment table

Estimated monthly repayments at 2.08% monthly interest. Actual terms confirmed upon approval.

Amount \ Term 1 months 3 months 6 months 12 months
₦500,000 ₦510,400 ₦177,067 ₦93,733 ₦52,067
₦1,000,000 ₦1,020,800 ₦354,133 ₦187,467 ₦104,133
₦1,500,000 ₦1,531,200 ₦531,200 ₦281,200 ₦156,200
₦2,000,000 ₦2,041,600 ₦708,267 ₦374,933 ₦208,267
₦2,500,000 ₦2,552,000 ₦885,333 ₦468,667 ₦260,333
₦3,000,000 ₦3,062,400 ₦1,062,400 ₦562,400 ₦312,400

Representative example

Loan amount ₦252,500
Repayment term 12 months
Monthly interest 2.08%
Monthly repayment ₦26,294
Total interest costs ₦63,024
Total amount payable ₦315,524

* Example is for illustration only. Actual terms are confirmed upon loan approval.

Quick overview

Loan amount ₦5K – ₦15.0M
Term 1 – 12 months
Interest from 2.08%
Approval Instant (USSD) or 24 hours
Age Salary earners, UBA account holders
Online application Yes

Requirements

  • ✓ Active UBA account with regular salary deposits
  • ✓ BVN
  • ✓ Valid government-issued ID
  • ✓ No outstanding loan arrears with UBA