Loans & Payments ​

We help you meet your desired needs and wants by our loans & payment platform. ​

No matter what your needs are, we are here for you. ​

Do you need constant cash support, month in and month out? With longer-tenure credit, flexible payment plan and lower equity, banking with us is a rewarding relationship that enables you to enjoy the good things of life.

Personal Overdraft

Personal Overdraft is a short-term facility that allows you to overdraw your current account for 6 months, up to a maximum amount of N3 million. You repay only 5% of the amount borrowed every 30 days, when your salary is paid.
  • By having to repay 5% every month till the end of the 6 months tenure, when you have to repay the total outstanding, you are assisted in managing your finances
  • Gives you the money you need when you do not have sufficient funds in your account
  • Flexible, structured and convenient terms of repayment
  • Competitive interest rate
  • Executives, partners and mid-level management staff of reputable organisations in the private or public sector who are confirmed and earn an after-tax annual income of N5 Million or above
  • Individuals whose salaries have been paid through UBA for at least 3 months
  • UBA account holders
  • Individuals who do not have a history of cheques returned due to insufficient funds

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  • Complete a UBA Consumer Loan Application Form, which you may download online or pick up from any of our branches
  • Submit your application to the Customer Service Officer in your branch
  • Click to apply for U-Advance Letter of Awareness

Asset Finance

The credit program that gives you the opportunity to own those assets you have always longed for, such as new cars, personal computers and notebooks, generators, mobile phones, washing machines, household furniture, gas/electric cookers, electronics and electrical appliances.
  • Convenient terms of payment.
  • The opportunity to own your own asset without having to save for a long period
  • Flexible and convenient terms of payment
  • Competitive interest rates.
  • Confirmed employees of reputable organisations in the private or public sector
  • Individuals whose salaries must have been paid through UBA for at least 1 month
  • UBA account holders
  • Employees who will be discussing or selling consumer credit products
  • Complete a Consumer Loan Application Form, which you may download online or pick up from any of our branches
  • Obtain a pro-forma invoice from an acceptable vendor known to your customer service officer
  • Submit your application to the customer service officer in your branch
  • Provide the minimum equity contribution of 20% of the cost of the asset
  • Provide the funds to cover the insurance cost

Insurance Premium Finance

The Insurance Premium Finance (IPF) facility provides short-term finance to customers of the bank to enable them to pay their insurance premiums conveniently to a UBA approved Insurance underwriter. IPF is a specialized Finance Facility that allows the insured to spread Insurance Premium Payment over the term of the Policy rather than paying the full premium upfront. All Insurance Policies are covered under this product with the exception of the Life Assurance policy.

  • Customer is able to finance insurance through affordable monthly installments.
  • We will also cross-sell our other Bank’s products including conversion of IPF customers into UBA customers.
  • We will leverage the relationships with the insurance companies to pursue premium collections from the insurance companies to assist in funding for the IPF assets to be created.
  • Fire and Perils: Provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood, earth quake, home or boiler insurance.
  • Motor Vehicle Commercial or Private: Vehicle insurance (also known as Auto Insurance, Car Insurance, or Motor Insurance) is insurance purchased for Cars, Trucks, Motorcycles, and other Road Vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom.
  • Motorcycle: Also in line with definition for Motor vehicle insurance
  • Industrial All Risk: This is an Insurance package which mainly incorporates Fire & Allied Perils, Burglary, Accidental damage and Business Interruption and it provides indemnity to the property insured against any loss or damage from any cause not excluded by the policy.
  • Workmen’s Compensation: Workers’ compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee’s right to sue his or her employer for the tort of negligence.
  • Employer’s Liability: An Insurance Policy that protects employers from liabilities arising from disease, fatality, or injury to employees resulting from workplace conditions or practices.
  • Burglary & Theft: Burglary insurance is designed to reimburse an insured party for any losses which he may sustain arising from the burglary, robbery, or theft of his property and possessions and any damage thereto.
  • Medical Insurance: This insurance is taken against the risk of incurring medical expenses among individuals.
  • Contractors All Risk Policy: The essence of the cover is to bridge the gap when the building or bridge sustains severe damage and to prevent such loss or damage from prolonging the construction time schedule thereby delaying the eventual completion date.
  • Professional Indemnity: This is a form of liability insurance that helps protect professional advice and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit.

Cash Collateralised Loan

A consumer loan that makes it possible for you to obtain credit in US Dollar, Pound Sterling and the Euro, using your cash deposits, investments and their equivalents with UBA, UBA Capital & Trust and any other financial institution acceptable to UBA.

  • Up to 90% of your deposits or investments in loans, if the request and collateral are in the same currency
  • Up to 50% of your deposits or investments in TZS loans if the collateral is in a foreign currency
  • Flexible, structured and convenient repayment terms
  • Competitive interest rates
  • Easy and speedy access to credit without the loss of existing assets
  • Individuals who have cash deposits, investments and their equivalents
  • Individuals whose salaries must have been paid through UBA for at least 3 months
    UBA account holders
  • Employees who will be discussing or selling consumer credit products
  • Complete a UBA Consumer Loan Application Form, which you may pick up from any of our branches
  • Complete a Letter of Set-Off or Lien or Deposit Hypothecation Agreement in the name of the owner
  • Complete a Letter of Confirmation of Collateral
  • Execute a Memorandum of Charge over the investment or cash deposit
  • Provide roll over instructions where necessary
  • Submit your application to the Customer Service Officer in your branch along with your original Certificate of Deposit or Savings Passbook
  • Where the pledged cash deposit is not in your name, you would also need to do the following and submit with your application:
    – Execute a Guarantee form
    – Complete a Domiciliation of Proceeds Form
  • Where the pledged deposit or investment is in the name of a limited liability company or registered association, you would also need to submit the following with your application:
    – Your Constitution or Memorandum and Articles of Association and;
    – Your Executed Board Resolution of the organization, authorising the pledging of the cash deposit to the bank on behalf of another party

Executive Loan

As a busy, high-flying executive, you seek a quick and convenient means of accessing funds for a specific purpose. Choose the loan made just for you. With the UBA Executive loan, you can access a competitively priced loan that will allow you to manage your requirements easily.
  • You decide how to use your loan
  • No invoices or deposits are required
  • Fast, simple and convenient
  • Flexible repayment schedule ranging from 3 – 36 months
  • Competitive interest rate
  • UBA salary account holders who earn executive-level salaries
  • Complete a UBA Consumer Loan Application Form, which you may download by clicking on the download link on this page or pick up from any of our branches
    Submit your application to the Customer Service Officer in your branch