United Bank for Africa, popularly known as UBA, has introduced a new product aimed at helping small businesses. Entrepreneurs that need urgent funding can apply for a facility up to the tune of N5 million with repayment spread over 12 months at 1.58% interest rate. This sounds nice.
As the global economy contract, investors recoil and the revenue from oil tumbles, business development and human capital building are the twin-solution that may prevent the economy from sliding into recession anytime soon. Therefore, the Central Bank of Nigeria (CBN) is encouraging commercial banks to do more to boost market confidence by extending new facilities with easier repayment plan and minimum interest rate to businesses.
This low rate and 1-year repayment facility is in sharp contrast to what obtained some months ago when the banks lend at short term of 4-6 months and at rate as high as 25-30%. Starting with Guarantee Trust Bank (GTB) and now the United Bank for Africa (UBA) entrepreneurs with proven revenue models can take advantage of these low rate loan facility.
Terms and conditions for the UBA loan can be found on this portal, click https://www.ubagroup.com/wp-content/uploads/2020/03/Terms-and-Conditions-for-Click-Credit.pdf?x94207
And to apply for the loan Visit Site
