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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.
Executive Loan Treasury Bills
Short-term negotiable bill of exchange. Used by Governments to help finance national borrowing requirements Quoted for purchase/sale in the secondary market on an annual percentage yield to maturity. Issued at discount
- Short-term debt instrument
- Issued at zero coupon rates i.e. no interest paid during the lifecycle of the bill.
- Issued in fixed tenures i.e. 91 days, 182 days and 364 days.
- Primary dealers or investment bankers may underwrite it.
- Interest is paid up front
- T-bills qualify as liquid assets for the purpose of liquidity ratio computation.
- Used as collateral securities for repurchase transactions
- Interest received not subject to tax
- Repayment guaranteed at maturity
Existing clients
- Letter expressing desire to invest in T-Bills and authority to debit account
thereafter - Custodial authority duly signed by client
- Copy of physical bill duly signed by investor and reflecting issuer’s name
- Duly signed investment contract confirmation letter showing issuer’s name.
Filled KYC form
New Clients
- Account opening form with passport attached and means of identification
- Cheque or lodgment slip
- Custodial authority duly signed by client
- Copy of physical bill duly signed by investor and reflecting issuer’s name
- Duly signed investment contract confirmation letter showing issuer’s name.
- Filled KYC form
- Application Process
- You initiate request and comply with requirements above
- Account officer verifies documents and forwards to treasury
- Treasury raises deal slip and forwards to TROPS
- Customers account is debited in line with deal slip instructions
- Contract certificates are generated
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. 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.
• 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
- 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
No Wahala Loan
The UBA “’No Wahala’ Loan” is a personal loan that means just that: “no problem”. We will give you the freedom to spend a little more on what you really want. You may need some extra cash to fix your car, pay medical bills or take care of other exigencies. How you choose to use your loan is up to you.
- No deposits or invoices are required
- Fast, simple and convenient
- Convenient repayment terms
- Competitive interest rates
- Who can get a No Wahala Loan? Anyone with a UBA salary account
- Complete a UBA Consumer Loan Application Form, which you may download or pick up from any of our branches
- Submit your application to the Customer Service Officer in your branch
Cooperative Loans
- Minimum Opening & operating balance will be determined by a six month
turnover in current account
- Enables your Co-op to meet the needs of its members
- The Cooperative decides how to use the loan
- Simple and convenient
- Competitive interest rate
- Cooperative Societies of blue chip companies
- Write a Letter of Request to the manager of your business office, signed by the authorised signatories of the cooperative stating the amount & tenure of the facility required
- Submit the letter and supporting documents to the Customer Service Officer in your business office.
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.
Cash Collateralized Loan
A consumer loan that makes it possible for you to obtain credit in Liberian Dollar, US Dollar, using your cash deposits, investments and their equivalents with UBA, UBA Capital & Trust and any other financial institution acceptable to UBA.
- Up to 80% of your deposits or investments in loans, if the request and collateral are in the same 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
download online or 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, authorizing the pledging of the cash deposit to the bank on behalf of another party