UBA leads to boost economic growth through consumer loans –


Pan-African financial institution, United Bank for Africa (UBA) Plc, underscored its unwavering commitment to supporting business and financial inclusion in Africa through its line of consumer loan products.

It has been clearly demonstrated that credit remains a major economic stimulus and engine of growth; but this has been largely inaccessible to the informal sector which dominates African economies and to small businesses which are the main engine of growth.

Therefore, the bank has further deepened its consumer loan product offerings with the aim of providing services that will empower customers, thereby boosting economic growth on the continent.

UBA’s head of consumer loans, Anant Rao, said the bank is focusing on this critical aspect, in line with its first customer philosophy, which is to make sure customers are happy at every touchpoint.

Speaking at a virtual media talk Wednesday attended by a diverse group of journalists and editors from across Africa, he said: “UBA places great importance on consumer loans because of their role. active in economic development. At UBA, we recognize that customers are important to economic growth, which is why our various offerings are positioned to support them in this regard. These loans were developed by the bank with the aim of meeting the financial needs of the clients and being part of their daily life. “

“And that is why consumer credit is very essential to us, as it is the category of financing focused on individuals and households, which includes personal loans extended to people who use the funds for individual or family purposes. as well as home and auto loans. ; this is why, today at UBA, we make the following loan products available to our clients: UBA Personal Loan; Credit card; Advance to retirees; student loan; Automatic loan; Asset financing; Financing of insurance premiums; UBA Mortgage among others, ”continued Rao.

He took the time to talk about UBA’s Click Credit, a much loved and accepted facility that instantly makes money available to clients with payroll accounts within minutes. “Available to all salaried clients, the Click Credit product is an instant loan without any form of documentation, paperwork or queues and is available within seconds of request. In fact, anyone with a mobile phone can borrow from UBA, ”said Rao, adding that the product is also accessible through USSD, Leo, U-Mobile and Internet Banking.

While stressing that UBA will use consumer credit as a means to meet all the financial needs and aspirations of a family across Africa, the head of consumer banking took the time to talk about the innovations. which drive the activities of the bank, in particular mobile banking services, Internet Bank, USSD, LEO, Kastle among others.

United Bank for Africa Plc is a leading pan-African financial institution, providing banking services to more than twenty-one million customers, in more than 1,000 business offices and customer contact points, in 20 African countries.

With a presence in the United States of America, UK and France, UBA connects people and businesses across Africa through retail; commercial and corporate banking; innovative cross-border payments and remittances; trade finance and ancillary banking services

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