How To Get UBA Loan For Self-Employed? If you are looking for a loan with a flexible payment plan, longer credit terms, and a lower principal amount, look no further than a UBA Loan for Self-Employed.
From personal loans to asset financing, UBA Loan will offer you a way to solve your urgent financial needs. You can also take advantage of the loan opportunity to expand your business through asset financing.
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Why choose UBA Loans?
UBA loans are selected to meet your needs. Some general benefits are:
- Competitive interest rates.
- Various loans are available for specific uses.
- Convenient and flexible payment terms.
How To Get UBA Loan For Self-Employed?
From personal loans to asset financing, UBA Loan will offer you a way to solve your urgent financial needs. You can also take advantage of the UBA loan for self-employed to expand your business through asset financing.
What services do UBA Loans provide?
Loan services offered by UBA include:
Personal Overdraft:
This is a short-term loan option available to employees from reputable public and private organizations. You are allowed to overdraw into your checking account after 6 months and up to a maximum of 3 million. You pay 5% interest on the amount borrowed every 30 days when your salary is paid. It is further classified into an executive personal overdraft and a renewable personal overdraft.
Eligible:
- The minimum annual income after tax is Noon 5 million for executive personal overdrafts and Noon 2.5 million for revolving personal overdrafts.
- Your UBA must be the payroll account into which you have paid salaries for at least 3 months.
Required Documents:
- Loan application.
Asset financing:
This credit program gives you the opportunity to purchase assets that you cannot finance immediately.
Eligible:
- He must be an employee of a recognized institution in the public or private sector.
- Pay your salary through UBA for at least one month.
Document required:
• Loan application form and initial invoice.
Personal Loan: UBA Loan For Self-Employed
Personal Loan: UBA Loan For Self-Employed; Personal loans provide extra money to quickly meet emergencies or incidental needs, such as paying medical bills or getting your car repaired.
Eligible:
- This loan is available to everyone who has a UBA account.
Document required:
- Loan application.
Cooperative loans:
As the name suggests, this service provides loans to cooperative societies of reputable companies. It has a minimum opening and operating balance of N2,000.
Eligible:
- Available only to approved corporate cooperatives.
Document required:
- A letter of request to your business manager, signed by the cooperative executives. This letter should indicate the required loan amount and term.
- This letter must be submitted along with other supporting documents as requested by the bank.
Secured cash loan:
This allows you to get credit in naira, sterling, US dollars, and euros. It does this through its cash deposits, investments, and cash equivalents with UBA or other financial institutions acceptable to UBA.
Eligible:
- You must have cash deposits, or investments and equivalent with UBA.
- Your salaries for the last 3 months must have been paid through UBA.
- Employees discussing or selling consumer credit products.
Document required:
- UBA Consumer Loan Application Form.
- A letter of mortgage, indemnity, or mortgage contract in your name.
- Letter of guarantee confirmation.
- The original certificate of deposit or savings book.
- A note on investment or cash deposit.
Ensure that all documents provide extension instructions when needed.
If the promised cash deposit is not in your name, you will need the following additional documents:
- Warranty form.
- A complete domiciliation form.
If the deposit or pledged investment is in the name of an association or LLC, you will need:
- Your Articles of Association or Articles of Association.
- The executing decision of the Authority’s Board of Directors that authorizes the bank’s cash deposit pledge with other parties on behalf of another party.
How Do I Apply For UBA Loan for Self-Employed?
- Visit their official website at www.ubagroup.com/nigeria/loans-payments/. On the website, you can download a copy of the application form for the specific loan you are interested in.
- Fill out the form and any other required documents as directed on the website.
- Send it to the customer service representative at your nearest branch.
Note: You can also get the loan form from a customer service representative if you are unable to download it.
What are the requirements for UBA loans?
The requirement for a UBA loan depends on the type of loan in question. They mention each loan service and their respective requirements in the “What service do UBA Loans offer” section above. You can download the loan form and documents required for each loan from their website or get them from any branch.
FAQ – How To Get UBA Loan For Self-Employed?
How can I qualify for a UBA loan?
- Job savings or salary checking account.
- Duly completed loan application form.
- A valid means of identification (international passport, national driver’s license, national identity card, and voter’s card).
- Undertaking by the employer to settle the salary with the UBA.
Can I borrow money from UBA without a salary account?
You must have cash deposits, or investments and equivalent with UBA. The salaries for the last three months must have been paid through UBA.
What is the UBA student account limit?
The cumulative credit limit for the UBA student account is 300,000 naira, and in some cases, you may be allowed to receive up to 500,000 nairas. You are also limited to only one deposit of 50,000 Naira per day.
What is the code for applying for a loan at UBA Bank?
What is the code for borrowing money from UBA Bank? UBA Bank Nigeria quick loan code *919*28#. It is available to all UBA account holders in Nigeria and you can access it from all mobile networks.
Can a student get a loan from UBA Bank?
Yes, Customers can access a maximum of 20 million for a period of 36 months to purchase assets and equipment needed for the smooth operation of the school. Customers can also get a term loan/mortgage of up to 100 million for a period of 5 years.
Conclusion – UBA Loan For Self-Employed
UBA offers loan services that meet your immediate and investment needs. Their online loan forms can be easily accessed from the comfort of your home. As far as you meet the requirements, get UBA Loan for Self-Employed today.