UBA Loan Code: How to Borrow Money from UBA Bank in 2024

  • November 19, 2023

UBA LOAN CODE: This post contains every single detail on how to borrow money from UBA.

Are you a UBA account holder in need of a quick loan? The UBA Bank loan service got you covered.

UBA offers one of the best bank loan services in Nigeria, both for businesses and individuals. In fact, unlike traditional bank loans, you don’t need any collateral to access some of UBA’s loans.

That’s not all, but with just your phone, you can dial the UBA Bank loan code and get your loan disbursed into your account within a few minutes.

Whether you’re looking for the code to borrow money from UBA, how to get loan from UBA Bank using your phone, or how to apply for UBA loan at a bank branch, we’ve got you covered.

In this post, you’ll discover how to be eligible for the loan, how to apply, its interest rate, and also how to repay UBA Bank loan.

Without further ado, let’s get started!

About UBA Loan

UBA loan code

UBA is one of the largest financial institutions in Nigeria, with a wide range of products and services to meet the needs of its customers.

One of the most in-demand services from UBA is its loan facility, which is designed to provide financial assistance to individuals and businesses alike.

Just like some instant loan apps in Nigeria, using the UBA loan code to apply for loans from UBA Bank doesn’t require collateral or a guarantor.

Both the loan request and the disbursal process are fast. Within just minutes of applying for a loan from UBA, your account will be credited if approved.

Keep in mind that UBA offers different types of loans. Therefore, not all UBA loans can be accessed through UBA no wahala loan code.

What is the UBA Loan Code?

The UBA loan code is *919*28#. To apply for a loan with UBA, simply dial this USSD code and follow the on-screen prompts.

You’ll need to provide your personal details, choose your loan amount, and pick your loan tenure.

Once you’ve done all that, confirm your request and wait for approval. If approved, the loan amount will be credited directly to your UBA Bank account.

Related: Access Bank Loan Code

Types of Loan Offered By UBA

UBA offers various types of loans to meet the financial needs of its customers. Let’s take a closer look at each one.

Personal Overdraft

The personal overdraft is a short-term loan option available to staff of reputable private and public organizations. This option allows you to overdraw your current account by 6 months with a maximum amount of 3 million.

You will repay 5% interest on the amount borrowed every 30 days when your salary is paid. Personal overdraft is further classified into two types: executive personal overdraft and revolving personal overdraft.

To qualify for the executive personal overdraft, you must have an annual income after-tax minimum of N5 million.

For the revolving personal overdraft, you must have an annual income after-tax minimum of N2.5 million. Your UBA account must be your salary account through which they have paid salaries for at least 3 months.

Documents required include the loan application form.

Read Also: List of UBA Bank USSD Code

Personal Loan

Also known as the UBA No Wahala loan or Click Credit, UBA personal loan option provides extra cash to quickly meet emergencies or casual needs like paying medical bills or getting your car fixed.

This loan is available to everyone with a UBA account, and the only document required is the loan application form.

That simply means you don’t need collateral or a guarantor. Also, you can get this loan using the UBA loan code, or better still the UBA no wahala loan USSD code.

Asset Finance

UBA loan

The Asset Finance program is designed to give you an opportunity to purchase assets that you cannot finance immediately.

To qualify for this loan, you must be an employee of a reputable organization in the private or public sector, and they must have paid your salary through UBA for at least 1 month.

Documents required include the loan application form and pro-forma invoice.

Cooperative Loans

The UBA cooperative loan service provides loans to cooperative societies of reputable companies. The minimum opening and operating balance are N2,000.

To qualify for this loan, it is only available to cooperatives of reputable companies.

Documents required include a letter of request to the manager of your business, signed by executives of the cooperatives. This letter should state the amount and tenor of the loan required. This letter is to be submitted along with other supporting documents as requested by the bank.

See Also: Opay Loan USSD Code to Borrow Money Instantly

Cash Collaterised Loan

Cash Collaterised Loan from UBA Bank allows you to get credit in Naira, Pounds sterling, US dollar, and Euro. It does this through your cash deposits, investments, and their equivalents with UBA or other finance institutions acceptable to UBA.

To qualify for this loan, you must have cash deposits, or investments and their equivalents with UBA, and your past 3-month salaries must have been paid through UBA. Employees discussing or selling consumer credit products.

Documents required include the UBA consumer loan application form, a letter of Lien or set-off or a Deposit Hypothecation Agreement in your name.

As well as a letter of confirmation of collateral, an original certificate of deposit or savings passbook, and a memorandum of charge over the investment or cash deposit. Ensure that all documents provide a rollover instruction where necessary.

If the pledged cash deposit is not in your name, you would need the following extra documents: guarantee form and complete domiciliation of proceeds form. If the pledged deposit or investment is in the name of an association or liability limited company, you would need your constitution or memorandum Articles of association.

Also an executed board resolution of the organization authorizing the pledging of cash deposit to the bank on other parties’ behalf.

Among all, the personal loan is the only one that lets you borrow money from UBA with USSD code. Now, let’s see how to get the loans.

Check Out: How to Borrow Money from GTBank

How to Be Eligible for UBA Loan

Before you can use the UBA loan code to apply for a loan from UBA Bank, you must meet certain eligibility criteria. These include.

  • You must be at least 18 years old
  • You must have an active account with UBA
  • Have a source of income
  • Have a good credit history

Once all these requirements are met, you can now apply for UBA loan on your phone.

Applying for a loan from UBA is easy and straightforward. You can apply via USSD code, UBA Mobile App, UBA Website, or UBA Branches.

From the USSD code to get loan from UBA, let’s see how to apply for UBA Bank instant loan.

Related: PalmPay Loan USSD Code to Borrow Money

How to Borrow Money from UBA Using App

Apart from using the UBA phone loan code to borrow money from UBA, you can also use the UBA Bank app to get a loan.

To use the mobile app for UBA instant loan, follow the steps below.

  • Log in on the UBA app
  • Click on the “Credit” option
  • Select your preferred loan type
  • Enter the amount you want to borrow
  • Select your preferred tenor
  • Submit your loan application
  • Once approved, it will be disbursed into your UBA account.

That’s simple how to get loan from UBA using the mobile app. You can also apply for a UBA loan by visiting the bank branch. Let’s see how.

How to Borrow Money from UBA Branch

Apart from using the UBA loan code and UBA Bank loan app, you can also get quick loans from UBA Bank by visiting the bank branch. Here’s how to do that:

  • Visit your nearest UBA branch with a valid form of identity and address verification.
  • Ask the customer agent about their loan service, and get a loan application form.
  • Fill out and submit a completed loan application form with supporting documents.
  • Execute an offer letter detailing the loan terms and requirements, following loan approval.
  • The loan will be disbursed into a salary account domiciled with the Bank.

It is important to get a copy of the loan agreement from the bank’s customer service officer before leaving the bank premises.

See Also: List of Banks that Give Loans Without Collateral in Nigeria

UBA Loan Interest Rate

Since UBA offers different loan types, the interest rates for its loans vary.

The UBA Personal loan interest rate ranges from 3% per month, which is equivalent to 36% per annum.

Keep in mind that these rates shall be subject to review from time to time in line with the prevailing money market condition.

After securing a loan with the UBA loan code, you must start preparing for repayment. Therefore, let’s see how to repay UBA Bank loan.

How to Repay UBA Loan

To repay your UBA instant loan, all you need to do is have enough money in your account to repay on the due date, and then UBA will automatically deduct the loan amount from your account.

After that, you’ll get a notification (SMS and/or Email) confirming your loan repayment.

Once your loan is cleared, you can use the USSD code to borrow money from UBA to access another loan.

Have more questions about the UBA quick loan code? Find your answers below.

Check Out: Best Loan Opportunity for Small Businesses

UBA No Wahala Loan 2023 – FAQs

How much can UBA borrow me?

The amount you can borrow from UBA depends on the type of loan you are applying for and your eligibility. However, the UBA personal loan amount ranges up to N50,000.

Does UBA have a loan app?

Yes, you can use the UBA Bank mobile app to access loans.

Can a student get loan from UBA?

Yes, students can get loans from UBA. However, they must meet the bank’s eligibility criteria and provide the necessary documents to support their loan application.

How can I borrow 20000 from UBA?

You can borrow 20,000 from UBA by using the UBA No Wahala loan USSD code: *919*28#.

How do I check my UBA Bank loan eligibility?

You can check your UBA Bank loan eligibility by simply dialing *919*28#.

Read Also: Migo Loan USSD Code

What is the code to borrow loan from UBA Bank?

The code to borrow a loan from UBA is *919*28#. Simply dial the code and follow the prompts to apply for a loan.

How can I get UBA loan without collateral?

You can get a UBA loan without collateral by applying for their Click Credit loan or salary advance. These loans are designed to meet short-term financing needs and do not require collateral.

What is the code to check my UBA loan balance?

To check your UBA loan balance, dial *919*28# and follow the prompts.

Related: Liberty Loan USSD Code

How do I get UBA phone loan?

To get a UBA phone loan, you can download their loan app called QuickBucks from the Google Play Store or Apple App Store. You can also dial the Access loan code and follow the prompts to apply for a loan.


UBA provides a wide range of loan options to meet the diverse financing needs of its customers. From personal loans to business loans, salary advances, and Click Credit loans, UBA has different loan products to cater to different financial requirements.

With its UBA app for loan customers can conveniently apply for a loan from the comfort of their homes. Customers can also use the UBA USSD code for loan to borrow money using their phone.

The bank’s loan products also come with competitive interest rates, flexible repayment terms, and no collateral requirements for some loans. However, before applying for a loan, it is important to read and understand the terms and conditions of the loan and ensure that you can comfortably repay the loan on time.

With this post providing you with full insight into how to borrow money from UBA, how to get loan from UBA Bank, and how to use the UBA loan code, also known as loan code for UBA Bank, we believe you can now easily access loans that fit your purpose.