It’s no surprise that some are still confused about how to borrow money from UBA bank app. If you are looking to borrow some money from a trusted bank in Nigeria, the United Bank of Africa (UBA) is one such bank.

They offer different loan options to their customers, and customers can access those loans on the app or with USSD. 

Both processes are easy and secure. 

In today’s guide, we will explore how to borrow money from the UBA Bank app and how to borrow money from UBA Bank with USSD.

About UBA Digital Services Limited

One of Nigeria’s top banks is UBA, which Tony Elumelu founded over 70 years ago.

UBA operates in twenty (20) African countries: France, the UK, the US, and the United Arab Emirates. They boast over 45 million customers, over 2,000 ATMs, and over 80,000 PoS. 

UBA provides different loan options to customers. 

They offer up to ₦30,000,000 in personal loans. 

Customers can access the UBA loan options on the UBA mobile app or through USSD. 

Also read: Zenith Bank, First Bank, and UBA Join Zone’s Decentralized Payment Network

Features of UBA Bank Loans

Some common features that make UBA loans are: 

• UBA has over seven (7) decades of banking experience 
• UBA loans come with long repayment terms
• UBA has a variety of loan options for customers to choose from.
• UBA Quick loans are unsecured
• UBA Quick loans require minimal paperwork.
• The Nigeria Deposit Insurance Corporation (NDIC) insures UBA loans.

Comprehensive List of UBA Loan Types 

UBA has different loan options for customers to choose from.

Each loan type is designed to meet specific financial needs. 

Below are the loan options available to UBA customers: 

Loan Type	Max Loan Amount	Advantages
Senior Citizens Loan	₦15 million	Repayment period of up to 36 months
Personal Loans	₦30 million	Repayment period of up to 60 months
Click Credit	₦1 million	Quick loan option, mobile application, repayment period of up to 6 months
Insurance Premium Financing	₦1 Million	Repayment period of up to 12 months
Asset Finance	₦3 Million	Repayment period of up to 24 months, floating interest rates

Also read: UBA Confident in Meeting N500 Billion Capital Base Requirement – CFO

How to Borrow Money From UBA Bank App in Nigeria?

The UBA Bank app makes it easy for customers to access loans. 

It is available for download on iOS or Android. Any customer with an active UBA account can access the app. 

Only Quick loans (Click Credit) are available on the UBA Bank app. Customers must apply for other loans in person. 

Let’s take you through a step-by-step guide on how to borrow money from UBA Bank App. 

Step #1: Check Your Eligibility 

It is important to check your eligibility before you begin the loan application process. 

The eligibility for quick loans includes: 

• You must be a citizen of Nigeria or a resident with a valid means of identification
• You must have an active UBA Account (savings or current)
• You must have an active phone number linked to your UBA account 
• You must have a good financial reputation.
• You must have a Bank Verification Number (BVN).
• You must be at least 18 years of age.

Step #2: Gather Relevant Documents and Other Necessities 

Delays might arise if you fail to process your documents before the loan application process.

To avoid this, put all relevant documentation together. 

The UBA Quick Loan requires minimal paperwork. All you need are:

• Proof of monthly income 
• Proof of Nigerian citizenship or residency (Valid ID)
• Bank Verification Number 

You should also have an active phone number and email address linked to your UBA account. 

Finally, ensure you have a stable internet connection to avoid disruption during the application process.

Also read: UBA Directors Purchase 27 Million Shares Amidst Company Growth

Step #3: Download the UBA App

Next, download the UBA app on the Google Play Store or Apple App Store. 

Install it and follow the given prompts to register on the app. This should take roughly five (5) minutes. 

Step 4: Apply for the Loan 

The next step is to make your application. 

Follow the procedure below for a seamless application process: 

1. Log in to your UBA Bank account.
2. Click “More” on the homepage.
3. Click “Banking Services”
4. Click “Loans”
5. Click “Quick Loans” 
6. Enter the loan amount and other required information
7. Wait for the interest rate to be calculated.
8. Study and accept the terms and conditions of the loan and submit the application. 
9. Your application will be reviewed and they will notify you of its approval or rejection.

UBA will transfer the funds to your account once they approve your loan application. This should only take a few minutes. 

If you encounter challenges during your loan application, call or text UBA customer support on 2347002255822 or 23402012808822. You can also send them an email at cfc@ubagroup.com. 

How to Borrow Money From UBA Bank With USSD 

What is the code to borrow money from UBA bank? You can borrow money from UBA using the code below or USSD. 

Here’s how: 

• Dial *919# from the number linked to your UBA account
• Follow the given prompts to access the available loan options
• Select your loan type and amount
• Enter the required information and submit. 

Just like the loan application on the UBA Bank app, your application will be reviewed, and if approved, the funds will be disbursed within a few minutes. 

Also read: UBA Enhances Mobile App, Introduces Transaction Dispute Feature

How To Borrow Money From UBA Bank Online

Customers still confused about how to borow money from UBA bank online should visit the UBA website at UBA Group. We share an excerpt below on what you will find on the website:

Click Credit

Low on cash? We’ve got you covered!
Get an instant loan up to ₦1 million to sort out your emergencies.

What’s in it for you ?

• Borrow up to N1 million
• Get your loan in one minute
• Convenient repayment option between 6 months
• Low interest rate

How to Apply:

No paperwork! No awkward conversations! No waiting! Get a loan in one minute.

• Just dial *919*28#
• Send “Loan” to Leo on Instagram, WhatsApp, Apple messages, Facebook messenger or Google Business Chat

You don’t have to be confused about how to borrow money from UBA bank online. Just follow the procedures given on the website. Check out the T&C here.

Advantages of UBA Loans 

UBA loans are gaining popularity among customers. 

Some of the advantages of the UBA loans include: 

• UBA Quick loan is a fast and convenient way to borrow money—you can complete the entire application process on your mobile device. 
• UBA loans come with long repayment terms, giving you enough time to clear your debt. 
• With UBA Quick loans, you can access your funds almost immediately.
• UBA has a variety of loan options for customers to choose from.
• You do not need collateral for UBA Quick loans
• Minimal paperwork is required for UBA Quick loans.
• UBA loans are reliable and secure.
• UBA loans have fair interest rates 

Common Issues and Solutions on How to Borrow Money From UBA Bank

Here are solutions to some common challenges that Nigerians usually face while trying to borrow money from UBA Bank:

How to Borrow Money From UBA Bank Online on iPhone

Borrowing money on the UBA Bank app with an iPhone is the same process as Android.

Simply download the UBA app, register and follow the loan application process: 

1. Log in to your UBA Bank account.
2. Click “More” on the homepage.
3. Click “Banking Services”
4. Click “Loans”
5. Click “Quick Loans” 
6. Enter the loan amount and other required information
7. Wait for the interest rate to be calculated.
8. Study and accept the terms and conditions of the loan and submit the application. 
9. Your application will be reviewed and they will notify you of its approval or rejection.

Also read: UBA Loan Code for Salary Earners in Nigeria

How Can I Borrow Money From UBA Bank Without Data? 

No need to worry if you do not have data to borrow money from UBA online.

To borrow money on UBA without data. Just use the UBA loan code, *995#. 

Ensure you dial the code with the number connected to your UBA account.

Follow the given procedure and access UBA’s Quick Loan service. 

How Can I Borrow Money From UBA Bank to Finance My Home? 

UBA’s Asset Finance loan is the best option for customers looking to furnish their homes. 

This loan is designed to cover the purchase of household appliances, furniture, inverters, televisions, generators, etc. 

The repayment term can span 24 months, depending on the loan amount.

To be considered eligible for this loan, you must meet the following requirements: 

• You must have an active account with UBA: a savings or salary account
• You must have a valid means of Identification 
• You must be a citizen of Nigeria 
• You must be currently employed 

The documents you would need include: 

• An undertaking from your employer
• Proof of employment, such as an offer letter 
• A completed loan application form from UBA
• Your Staff ID 
• National ID 

Take the following steps to apply for a UBA Asset Finance loan: 

• Get a pro forma invoice (PFI) for your purchase item. Ensure that UBA has approved the vendor.
• Collect, complete and submit a loan application form from any UBA bank branch. 
• Wait for your loan to be reviewed and approved in a few days 
• Sign the offer letter from UBA containing the terms and obligations of the loan 
• The money will be transferred to the vendor if your loan is approved 
• Pick up your items and enjoy!

Can I Borrow Money from UBA Without Salary Account?

Yes, you do not need a salary account to borrow money from UBA. 

You just need an active UBA account. It could either be a savings account or a current salary account. 

Note that this does not apply to all UBA loans. You need an active salary account to apply for specific UBA loans, such as the Asset Finance Loan. 

Frequently Asked Questions

Conclusion: Loans You Can Rely On 

UBA is a reliable bank in Nigeria. Their loans are easy, secure, and come with low interest rates. 

Their customers can apply for any of these loans online, with a USSD code, or at any UBA bank branch. You can check out how to qualify for UBA loan online. They also provide many important services to their customers via the USSD.

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References

www.sarkariexam.com – How to Borrow Money from UBA Bank App: A Guide to Quick and Convenient Funds

www.ubagroup.com – Fuel Your Ambitions