UBA Launches ‘Click Credit’ To Financially Empower Customers

FUNSHO AROGUNDADE

United Bank for Africa (UBA) Plc, the Pan-African financial institution,  has launched ‘Click Credit’, a time loan designed to address the urgent needs of customers whose salary accounts are domiciled with the bank.

Mr. Jude Anele, UBA Group Head of Retail Banking, disclosed that Click Credit, the new product, has been carefully crafted to improve the lives of the UBA customers.

He said the new product is a superfast loan product which will allow qualified customers to apply for up to N5 million loan and pay back over 12 months at an interest rate of 1.58 per cent per month, with no hidden fees.

The bank, backed by a strong retail franchise with over 1,000 business offices serving 19 million customers, introduced the product in line with the bank’s mission of creating value for its customers while assisting them to meet up with their urgent needs. 

The loan product, already being enjoyed by millions of customers in  Nigeria will be extended to the Bank’s other franchises in Africa.

Anele, who revealed that qualified customers have begun to enjoy the service, explained that the loan provides immediate access to funds once eligibility is confirmed in less than a meeting

“As Africa’s most innovative and technology-driven financial institution with an array of novel products and services tailored to the needs of its millions of customers, we have launched Click Credit, which is straightforward and more affordable than many other loan products in the market.  Its unique feature is that it meets a critical credit need for our customers,” he said.

Anele while emphasising the critical role that credit plays in any developing and developed society, said that it is part of the customers’ financial power where they can be assisted to get the things they need when they need them without hassles.

While explaining that this product is being rolled out first in Nigeria and subsequently in the rest of UBA’s countries of operations; Anele stated that UBA is committed to ensuring that Click Credit helps the bank’s customers to cover critical needs and set them up for success, having moved past that moment of need.

While breaking it down, the bank executive stated that specifically, “salary earners from N25,000 per month who fall between the ages of 18 and 59 can benefit from the facility with no extra fees; no need for collateral, no paper-work or other difficult issues when it comes to this facility; as customers can even apply via LEO, UBA Mobile Banking and UBA internet banking.”

On her part, Dupe Olusola, UBA Group Head, Marketing, reiterated that UBA remains focused on empowering its customers to fund their urgent needs.

“At UBA, we work hard to be there in the moments that matter to our customers, hence, our huge investment in technology and other facilities to make banking easier and seamless,” Olusola explained.

She added that the bank has deepened its focus on the most important aspect of its business which are its the customers.