UBA Offer Customers N5 Million on Click Credit with 1.58% Monthly Interest

November 13, 2020

By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Africa’s global lender, the United Bank for Africa Plc (UBA) is offering its customers a maximum of N5 Million in one minute through its Click Credit loan scheme, according to Ogechi Altraide, head, Retail Liabilities of the Bank at a virtual media parley on Friday.

“Wether you are a salary earner or self-employed, you can get a loan of up to N5 million in one minute at an interest rate of 1.58 percent monthly and pay back easily over 12 months. No hidden charges,’ she said.

Altraide says the Click Credit, one of UBA’s digital lending products is a superfast loan for all emergencies.

According to the UBA’s head, Retail Liabilities, the 1.58 percent interest rate cumulates  to 19 percent per annum, “the security for the Click Credit is the salary, we want to give credit to the salaried accounts, we deduct from the salaries, the rentals are paid monthly as customers receive there salaries and there is no further collateral required for our Click Credit”, she added.

“Just dial *919*28# and within seconds you apply, you get your credit, the Click Credit is also available on all our digital platforms (Leo, UBA Internet Banking and Mobile Banking),” she affirmed.

Altriade discussed other retail products offered by UBA such as Kiddies & Teens which rewards consistent customers with a 13 month cash reward as well as access to scholarships.

She said to qualify for this reward, customers need to maintain a minimum balance on these accounts designed to enable parents and guardians save for their children age, between 0-12 years and 13-17 years for the Kiddies Account and Teen Accounts respectively.

According to Altraide to benefit from the 13 month reward, customers need to maintain a standing instruction of saving a minimum of N5,000 for 12 months and are rewarded automatically.

Another product is the SME banking “many of these businesses are in various stages, we have our young entrepreneurs program where young graduates fresh from school are supported by the Bank via loans to be able to set up their businesses and are guided to ensure that those businesses thrive very well,’ she noted.

Others are NextGen Product, Mass Market. Affluent Banking, diaspora Banking, Agency Banking, Mobile Banking, Internet Banking, USSD Banking Solutions and Payments & Collections.

Altraide disclosed customers of UBA can make ATM cardless withdrawals, “using your phone and our code *919# you will generate a code on getting to the ATM machine, you will input the code and select cardless withdrawal and the transaction would be consummated,” she said.

The United Bank for Africa is a leading pan-African financial institution offering banking services to more than twenty million customers globally. With footprint in 20 African countries and presence globally in the United Kingdom, the USA and France, UBA is connecting people and businesses across Africa through retail, commercial and corporate banking, innovative cross border payments and remittances, trade finance and ancillary banking services.

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