UBA Personal Loan Nigeria: Up to N30m, Flexible Terms, Easy Eligibility

UBA Personal Loan offers a streamlined borrowing solution for salary earners across Nigeria. The loan range starts from N200,000 and extends up to N30 million. With a single-figure one-off management fee of 1%, borrowers get transparent costs upfront. Flexible repayment terms are available up to 60 months, giving ample time to make manageable payments.

The interest rate is market-competitive and borrowers have access to up to 60% of their debt service ratio (DSR). To be eligible, you’ll need a functioning UBA salary or current account as well as confirmed employment status with an approved organisation. Required documentation includes your identity, staff ID, payslip, and a filled loan application.

How to Apply: Quick Steps

1. Open a UBA salary account if you don’t have one.
2. Fill out the UBA loan application form.
3. Gather your means of identification and staff ID.
4. Include your latest payslip and six months’ salary bank statement.
5. Submit all documents at any UBA branch or through your relationship manager.

Pros of UBA Personal Loan

UBA Personal Loan features some of the most flexible repayment periods in the market, up to 5 years. This extended tenor ensures you don’t feel rushed with payments. Additionally, the loan amount ceiling is generous, allowing high-income earners to access up to N30 million with competitive interest rates and transparent fees upfront.

Cons of UBA Personal Loan

Eligibility is restricted to confirmed staff of approved organisations, which may exclude some applicants. Also, all payments and collections are streamlined through UBA accounts only, so you must run a salary account with the bank.

Verdict: Who Should Consider this Loan?

If you’re a confirmed employee seeking a large, flexible loan with easy application requirements, UBA Personal Loan stands out as a top choice. The clear fee structure, long repayment term and generous loan limits make it convenient for major expenses or investments.