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How to Qualify for a UBA Loan Online 2024

By Oluchukwu Ikemefuna

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A UBA loan is the best option if you’re searching for a loan with a flexible payment schedule, longer-term credit, and less equity.

A UBA loan can help you meet urgent financial demands by providing personal loans or asset financing. Through asset finance, you can also take advantage of the loan opportunity to grow your company.

In Nigeria, are you self-employed? Do you require an urgent loan to meet expenses or seize an opportunity? Consideration should be given to the UBA loan for non-salary earners.

This post will offer a thorough explanation of the UBA loan for non-salary earners, along with instructions on how to apply for and repay the loan.

Not only that, but you’ll also learn about the terms and conditions, eligibility requirements, advantages and disadvantages of the loan, and much more.

So, let’s get going now and stop wasting time!

see also: Shika Loan App: How to Apply

What is UBA Quick Loan?

United Bank for Africa (UBA) provides a quick and simple credit option called UBA loan to assist people and businesses in meeting their immediate financial needs. Individuals who match the eligibility conditions can apply for the loan regardless of whether they earn a wage or not.

Personal loans, sometimes referred to as UBA Loans, are intended to be quick, easy, and simple with little paperwork needed.

see also – Shika USSD Code and Loan Application

Features and Benefits of UBA Loan

Because of its many features and advantages, UBA Loan for Non-Salary Earners is a desirable choice for those who do not receive pay. Among them are:

  • Loan amount: Depending on their creditworthiness, non-salary earners may be able to borrow up to N5 million.
  • Loan duration: Depending on the amount borrowed, the UBA loan has a 6–12 month payback time.
  • prompt payment: UBA loan fast disbursement is the goal of this type of loan for non-wage earners; it typically happens 48 hours after loan approval.
  • Collateral not needed: Since the UBA loan is an unsecured loan, no collateral is needed to obtain the funding.
  • Competitive interest rates: UBA loans for non-salary workers are a cost-effective choice for borrowers due to their competitive interest rates.
  • Easy access: The UBA USSD code or mobile app makes it simple to apply for and obtain a quick loan without having to visit a bank.
  • Minimal documentation: The UBA Loan requires the least amount of documentation, which speeds up and simplifies the loan application procedure.

Why choose UBA Loans?

UBA Loans are designed with your needs in mind. Among the general advantages are:

  • There are several loans offered for particular purposes.
  • affordable interest rates.
  • convenient and adaptable terms of repayment.

What services do UBA Loans offer?

Among the services provided are:

1. Personal Overdraft

Employees of respectable public and commercial organizations are eligible for this short-term financing option. With a maximum of 3 million, you can overdraw your current account by up to six months. Once your salary is received, you have thirty days to repay the loan amount plus five percent interest. Executive personal overdrafts and revolving personal overdrafts are two further categories.

Requirement: For an executive personal overdraft, an annual income after taxes of N5 million is required, and for a revolving personal overdraft, N2.5 million.

You must have received salary payments from UBA for at least three months using this account as your salary account.

Required Documents: Loan application form.

2. Asset finance

You have the chance to buy items with this loan programme that you are unable to instantly finance.

Requirement: You have to work for a respectable company in the public or private sector.

Your salary had to have been paid by them through UBA for a minimum of one month.

Documents needed: Proforma invoice and loan application form.

3. Personal loan

Personal loans offer additional funds to promptly cover unforeseen expenses or urgent necessities, such as paying medical bills or fixing your car.

Requirement: Anyone with a UBA account can apply for this type of UBA loan.

Document needed: loan application form.

4. Cooperative Loan

This firm lends money to cooperative societies of respectable businesses, just as its name suggests. It requires a minimum of N2,000 to open and operate.

Requirement: exclusive to cooperatives of respectable businesses.

Document needed

  • A letter of request signed by cooperative executives is addressed to your company’s manager. The desired loan amount and term should be specified in this letter.
  • As asked by the bank, this letter must be submitted alongside any other supporting documentation.

5. Cash Collateralized Loan

This enables you to get credit in US dollars, euros, pound sterling, and naira. Your cash deposits, investments, and their equivalents with UBA or other finance institutions that UBA approves of are how it accomplishes this.


  • You need to have investments with UBA or cash deposits equivalent to those.
  • Your salary for the last three months had to have come from UBA.
  • Workers chatting or pitching consumer credit goods.

Document needed:

  • Application for a consumer loan from UBA.
  • Your name appears on a letter of lien, set-off, or deposit hypothecation agreement.
  • a letter confirming the collateral.
  • original savings passbook or certificate of deposit.
  • charge memo for the investment or cash deposit.

Make sure that every document, if needed, includes a rollover instruction.

Should the promised monetary deposit not be in your name, the following additional paperwork would be required:

  • Form of guarantee.
  • Full domiciliation of the proceeds document.
  • If the investment or pledged deposit is made in the name of a liability limited business or organization, you will need:

Your memo or constitution the association’s articles.

a duly executed board resolution of the organisation allowing the other parties’ representatives to pledge a cash deposit to the bank.

see also – Easy Loan: How to Easily Apply

How do I apply for UBA Loans?

The procedures are as follows:

1. Get the UBA app on your phone.

You must download the UBA mobile app to your smartphone in order to apply for a UBA loan if you do not receive an income. Both the Apple software Store and Google Play Store offer the software.

2. Open the app and log in.

After downloading the app, use your UBA account number and any other necessary information to register and log in.

3. Fill out the application For a UBA loan

Go to the app’s loans menu and choose “Credit” to apply for UBA loans if you don’t have a job. To provide the required data, such as the loan amount, loan term, and repayment plan, simply follow the prompts.

Using a USSD code, you can also apply for a non-salary loan from UBA (learn how by reading on).

4. Send in Your Application.

Once you have filled out all the necessary fields, submit your application to be processed.

5. Get the loan disbursement

You will receive the loan payout within 48 hours if your application is approved. Your UBA account or any other bank account you specified during the loan application procedure will receive credit for the loan amount.

Also you can;

  • Go to www.ubagroup.com/nigeria/loans-payments/, their official website. You can get a copy of the particular loan application form you’re interested in from the website.
  • As instructed on the website, fill out the form and any other documents that are needed.
  • Send it to the customer support representative at the branch closest to you.
  • If you are unable to download the loan form, you can obtain it from the customer service representative as well.

see also – Loan Calculator and How to Use it

What are the requirements for UBA Loans?

The requirements vary depending on the kind of loan. The section above under “What service do UBA Loans offer” lists each loan service along with the requirements associated with it. 

The loan form and other documentation needed for each loan are available for download on their website or may be obtained at any branch.

Eligibility Criteria for UBA loan

If you are a non-salary earner in Nigeria and would want to apply for a UBA loan, you must fulfil the following requirements:

  • You must possess a legitimate form of identification and be a citizen or resident of Nigeria.
  • You have to be between the ages of 18 and 55.
  • A working bank account is a prerequisite.
  • You need to have a reliable source of income, such as a business, rental income, or some other form of revenue that can be verified.
  • You need to have a solid credit history and score.

UBA Loan Code

*919*28# is the code for the UBA loan. Once you’ve dialled, input your personal information, then the loan amount you wish to apply for, and then choose the loan term that suits you best.

Once you’ve completed all of this, simply confirm your loan request, and it will be processed.

Repayment of UBA Loan 

Repayment terms range from six to twelve months, based on the loan amount and your UBA agreement. This is possible by a number of methods, such as:

  • Direct debit: On the due date, UBA may automatically take the loan payback amount out of your UBA account.
  • Online banking: The UBA Internet banking platform allows you to return your UBA Quick loan.
  • Mobile banking: The UBA mobile banking app is another way to make a repayment.
  • Bank transfer: Using the UBA loan code for non-salary, you can make a bank transfer from any other bank account to pay back your loan.
  • ATM: The UBA ATM network is another way for non-salary earners to settle their loans.

It is crucial to remember that there can be major repercussions if you don’t make your payments on a UBA  loan for non-salary earners, such as:

  • If you pay your loan later than expected, you can be assessed a penalty fee.
  • If you don’t make your UBA Quick loan repayments on time, it could have a bad impact on your credit score and credit history.
  • If you don’t make loan repayments as agreed, UBA might sue you.

see also – Latest Ways to Link NIN with your Major Bank Account 2024

Tips for Managing UBA Quick Loan Repayment

Here are some pointers to assist you properly manage your loan repayment in order to prevent missing payments on your UBA  loan:

  • Make sure you have a clear repayment plan in place before applying for a UBA loan.
  • Make sure you adhere to your budget by including the amount of your loan payments in it.
  • Prioritize debt repayment above everything else, and make sure you pay on schedule to prevent incurring late fees.
  • Get in touch with UBA to discuss your loan repayment issues so that a solution can be found.


What is a UBA loan?

UBA loan is a financial service offered by the United Bank for Africa (UBA) that provides individuals and businesses with access to funds for various purposes, such as personal expenses, business investments, or emergencies.

How can I apply for a UBA loan online?

You can apply online by visiting the UBA website or using their mobile banking app. The application process typically involves filling out a form and submitting required documents.

What are the eligibility criteria?

Eligibility criteria may include being of legal age, having a steady income, and meeting creditworthiness standards set by UBA. Specific requirements may vary depending on the type of loan.

What documents do I need to provide to qualify?

You may need to provide identification documents, proof of income, bank statements, and any other documents requested by UBA to assess your eligibility.

How much can I borrow?

Loan amounts vary depending on factors such as your income, credit history, and the type of loan you’re applying for. UBA offers a range of loan products tailored to different needs.

What is the interest rate?

Interest rates vary depending on the type of loan, prevailing market rates, and your creditworthiness. It’s advisable to check with UBA for current rates.

How long does it take to get approved?

Approval times vary, but some applicants receive approval within a few hours to a few business days after submitting their application and documents.


If you don’t have a job but need money quickly, the UBA Loan is an excellent choice. UBA  loan for non-salary workers is a dependable source of funding for opportunities or emergencies because of its speedy disbursement, easy application process, and competitive interest rates.

Nonetheless, in order to prevent loan default, it’s critical to handle loan repayment well. Use the UBA loan code  to obtain the necessary funding, or download the UBA mobile app to apply right away if you fulfil the eligibility requirements.

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Oluwatobi Olowe
Oluwatobi Olowe

Tobi Olowe has over 3 years of experience as a content writer specializing in Tech discoveries, site optimization, building content that rank well and boosting overall site performance.

Articles: 101

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