uba loan app

Looking for a reliable funding source to support your business or personal goals? Look no further than the UBA loan! UBA (United Bank for Africa) is a leading financial institution in Africa that offers a wide range of loan products to meet the diverse needs of its customers.

Whether you want to expand your business, renovate your home, or pay for your child’s education, the UBA loan covers you with flexible repayment terms and competitive interest rates.

In this article, we’ll take a closer look at what a UBA loan offers, why it may be the perfect solution for your financial needs, and the requirements and how to apply using USSD Code. So, buckle up, and let’s dive in!

About UBA Loan

UBA loan refers to the various loan products offered by the United Bank for Africa (UBA), one of the leading financial institutions in Africa. UBA loan is designed to provide financing solutions for different purposes, including personal and business needs.

UBA loan offers various loan products with flexible repayment terms and competitive interest rates. Some popular loan products UBA offers include personal loans, salary advance loans, education loans, asset finance loans, and SME loans.

Whether you’re looking to fund your business, renovate your home, pay for your child’s education, or cover unexpected expenses, a UBA loan has you covered. With a UBA loan, you can access quick and hassle-free financing to help you achieve your financial goals.

Benefits of Using UBA Loan

UBA Loans are designed to meet your needs. Some of the benefits UBA loan offers are:

  • Competitive interest rates.
  • Different loan products are available for specific uses.
  • Convenient and flexible repayment terms

Advantages of UBA Loan

  • Salary earners who do not have a UBA account can get up to 10 million naira to meet their financial needs.
  • It provides access to finance to help federal and state civil servants meet their financial needs in times of stiff cash flow.

Disadvantages of UBA Loan

  • Strict eligibility criteria.
  • Lengthy application process.
  • Not suitable for ongoing expenses.
  • Secured loans carry risk.

How to Apply for UBA Loan

If you are interested in applying for a consumer loan with UBA, there are several ways to do so.

  • One option is to complete the UBA Online consumer loan application form (in PDF format).
  • Once you have completed the application form, submit it to any UBA branch closest to you.

You can also apply using UBA USSD Code which will be discussed subsequently.

Suppose you have any questions about these loan options or want to learn more about how to get your loan request approved. You can visit a UBA branch or call a customer service representative for more information.

UBA Loan Products, Features, and Requirements

UBA (United Bank for Africa) offers a range of loan products to suit the needs of individuals, businesses, and corporate clients. These loan products include:

  • Personal loans
  • Working Capital Loan
  • Health Loans
  • School Loan
  • Loans for Senior citizens.

UBA’s loan products come with competitive interest rates and flexible repayment terms and are designed to meet the diverse financial needs of their customers.

Additionally, UBA’s loan products can be accessed through their online banking platform or USSD Code and are available to exist and new customers. Let’s look at the various loan products listed above in detail.

1. Personal Loan

UBA offers a personal loan product to help salaried individuals achieve their life goals. The loan can cover expenses such as medical bills, home improvements, or even funding a side hustle.

Features and Benefits

  • Convenient repayment period of up to 60 months
  • Attractive interest rate (the interest rate will be on floating terms subject to changes in money market conditions for the loan period).
  • One-off management fee of 1%
  • Maximum loan amount of N10million
  • Access up to 50% of your debt service ratio(DSR).


  • To qualify for the UBA personal loan, customers must have available savings or a current salary account and submit a duly completed loan application form.
  • A valid means of identification, such as an international passport, national driver’s license, national ID card, or voter’s card, is also required.
  • The customer’s employer must provide an undertaking to domicile their salary with UBA, and a duly accepted offer letter or employee inquiry form is necessary.
  • Additionally, customers must provide a copy of their staff ID.

How to Apply

  • To apply for a UBA personal loan, complete the application form and visit any branch. Make sure to include all required supporting documents.
  • Once your loan application is approved, you will receive an offer letter that outlines the loan terms and requirements.
  • If you accept the loan offer, the funds will be disbursed into your salary account, which is held with UBA.

2. Working Capital Loan

UBA provides a Working Capital loan to assist business owners with their cash flow requirements and business expansion by offering up to ₦50 million.

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The loan amount and type of collateral needed depend on the nature of the customer’s business and the loan amount required. This loan is available to clients with a reliable credit net worth and meets the lending criteria for cash flow patterns.

Features and Benefits

  • Customers can receive up to N50 million, which can be repaid over 12 months.
  • Women-owned businesses receive a special interest rate.
  • The loan can be obtained as an overdraft or a term loan.


  • To be eligible for the loan, the business must have been registered for at least 1 year.
  • You must have a banking relationship with UBA for at least 3 months.

3. Health Loans

The UBA Healthcare Loan is a financial product created to offer funding solutions to various healthcare businesses such as registered hospitals, pharmacies, medical laboratories, diagnostic centers, optical clinics, and dental clinics. The loan aims to assist these businesses in expanding their operations, upgrading their facilities, purchasing equipment, and managing their cash flow requirements.

Features and Benefits

  • The UBA Healthcare Loan offers short-term financing of up to ₦5 Million, which can be repaid within 12 months.
  • The loan is available to eligible customers operating in the healthcare industry and is based on the business’s current cash flow.
  • Customers can access up to ₦50 Million for property expansion and asset acquisition. The loan has a maximum repayment period of 36 months.


  • To be eligible for UBA’s business financing options, the business must meet certain requirements.
  • Firstly, the business must have been registered for at least one year.
  • Secondly, the business must have a banking relationship with UBA for at least three months. This means the business must have opened an account and conducted transactions with UBA for over three months.
  • Finally, the relevant regulatory authorities must register and license the business. This ensures that the business operates legally and is recognized by government agencies.

For more information on the specific requirements for UBA’s business financing options, please speak to the SME team at any UBA branch closest to you. They will be able to provide you with all the necessary details and guide you through the application process.

4. School Loan

UBA offers a medium- to long-term financing solution that caters to privately-owned registered schools’ working capital, asset, and mortgage needs. This product suite includes a short-term loan, an asset finance loan, and a mortgage to support schools’ growth and smooth running.

Features and Benefits

  • Customers can access up to ₦5 Million for the short-term loan, payable over 12 months.
  • Customers can access a maximum of ₦20 million for 36 months to purchase assets and equipment needed for the smooth running of the school.
  • Customers can access a maximum of ₦20 million for 36 months to purchase assets and equipment needed for the smooth running of the school.


  • The school must have been operating for at least two years to be eligible for this financing option, as evidenced by bank statements.
  • The school must also have obtained government approval and every necessary authorization from relevant regulatory bodies.
  • Furthermore, the school must have been registered as a business for up to one year and have a banking relationship with UBA for at least three months.

5. Loans for Senior Citizens

UBA Senior Citizens Loan is a specialized lending product designed to cater to pensioners aged between 55 and 70. This loan allows senior citizens to access up to N10 million to support their retirement projects, travel goals, and other financial needs.

Features and Benefits

  • The loan offers several benefits, including a convenient repayment period of 36 months and an attractive interest rate, subject to changes in money market conditions during the loan period.
  • The maximum loan amount that can be accessed is N10 million, with a one-time management fee of 1%.
  • To ensure that pensioners are adequately covered, the loan includes a Credit Life Insurance policy covering death, permanent disability, and critical illnesses.
  • This policy attracts a premium of 1.6% of the loan amount.


  • To qualify for the loan, applicants must have an active UBA account, a pension identification number, and a minimum net pension fund of N100,000 per month.
  • The age limit for eligible customers is between 55 and 70 years, and applicants must provide a valid Nigerian ID, such as a driver’s license, international passport, NIMC, or voter’s card.

UBA Loan Interest Rate

UBA offers a wide range of loan products. From personal to business loans. UBA loan interest rates range from 19% to 30% per annum.

UBA Loan Calculator

The UBA loan calculator is a web app for determining or estimating what your UBA loan payment will be. The UBA loan calculator will ask you to:

  • Input the loan amount (₦): 20,000
  • Input interest rates (%): 1.0
  • Input loan duration (Months): 1
  • Input monthly repayment (₦): 20,020
  • Total Payment (₦): 20,020.

After this, it will calculate and display your monthly payments, your total payments, and your total interest payment just like the example above.

UBA USSD Code for Loan

Another way you can easily apply for a UBA loan is through UBA USSD Code, *919*28#.

UBA Loan Customer Care Contact Details

Head Office Address: 57, Marina, Lagos Island, Lagos State.

UBA Nigeria Contact Numbers (CFC)

(+234) 01-2808822 (2808UBA)

(+234) 01-6319822

(+234) 07002255-822 (0700-CALL-UBA)


Frequently Asked Questions

Can a student get a loan from UBA?

Yes, UBA offers student loans to those who need more time to cater to their school needs.

Does UBA bank give loans to their customers?

Yes. As long as you’ve opened a bank account with UBA and carried out transactions regularly, you are eligible for a UBA loan.

Can I borrow money from UBA without a salary account?

No. Your UBA account must be your salary account through which they have paid salaries for at least 3 months.

Bottom Line

A loan from UBA can be a viable option for those needing financial assistance. UBA has a reputation as a reliable lender with competitive interest rates and flexible repayment options.

However, as with any loan, it is important to carefully consider your financial situation and only borrow what you can afford to repay. It is also important to thoroughly read and understand the terms and conditions of the loan agreement before applying for a loan.