The UBA Bank Co-operative Loans is used by the Bank to Provide credit facilities to Co-operative societies of blue-chip companies. The UBA co-operative loans is available for Co-operative societies(the members of the co-operative society).
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FEATURES OF THE UBA BANK CO-OPERATIVE LOANS
Minimum Opening & operating balance of N2,000
Available for only only co-operative socities
Members have of the co-operative society have access to the loan offers.
A UBA bank account has to be opened.
Read Also: All You Should Know About The UBA Asset Finance Loan
BENEFITS OF THE UBA CO-OPERATIVE LOANS
Enables your Co-op to meet the needs of its members
The co-operative decides how to use the loan
Simple and convenient
Competitive interest rate
WHO CAN APPLY FOR THE UBA CO-OPERATIVE LOANS
Co-operative societies of blue chip companies.
HOW TO APPLY FOR THE UBA BANK CO-OPERATIVE LOANS
Write a letter of request to the Manager of your business office, signed by the authorized signatories of the cooperative stating the amount & tenor of the facility required.
Read Also: How To Apply For UBA Bank Home Re-finance Loan
Submit the letter and supporting documents to the Customer Service Officer in your business office.
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UBA is using this loan to offer co-operatives societies. This will make it possible for members to have access to loan offers. The loan is subject to terms and conditions which the co-operative have to keep. The co-operative society also have to put together some terms and conditions which the co-operative members have to keep.