UBA (SME loans and advances) — review & details

In Business loans · By the Rateweb editorial team · How we rate · Details checked 1 Aug 2026

UBA's SME desk publishes one of the clearer product ranges among Nigerian banks: working capital of up to ₦50 million over 12 months, SME asset finance up to ₦50 million, a micro business loan of up to ₦5 million at 0.75% monthly, temporary overdrafts up to ₦50 million (30/60/90 days), plus sector schemes for healthcare and the creative industry — all per ubagroup.com. Women-owned businesses get interest-rate concessions, per the same page.

Broad SME range

UBA (SME loans and advances)

UBA's SME desk publishes one of the clearer product ranges among Nigerian banks: working capital of up to ₦50 million over 12 months, SME asset finance up to ₦50 million, a micro business loan of up to ₦5 million at 0.75% monthly, temporary overdrafts up to ₦50 million (30/60/90 days), plus sector schemes for healthcare and the creative industry — all per ubagroup.com. Women-owned businesses get interest-rate concessions, per the same page.
★★★★☆
4.1/5 · How we rate
Working capital, asset finance, micro business loan, overdrafts, sector schemes
Loan Type
12 months (working capital); 30–90 days (overdraft); longer for some schemes
Tenor
Commercial bank (CBN-licensed)
Licence
Standard bank credit process; existing customers move faster
Speed
Registered SMEs that already bank with UBA and need ₦5m–₦50m
Best For
bank
Type
Pros
  • Published amounts and tenors — rare transparency for a Nigerian bank SME desk
  • Micro business loan priced at 0.75% monthly per UBA's site, with up to ₦5 million available
  • Interest-rate concessions for women-owned businesses, per UBA's site
Cons
  • Bank SME credit in Nigeria remains expensive — UBA's own green-financing tier lists 33–35%, a fair signal of where naira SME rates sit; confirm your quoted rate
  • Requires the business to be registered for at least a year with a 3-month UBA banking relationship for the main facilities, per its site
  • 12-month working-capital tenor is short for slow-cycle businesses
Fees, eligibility & documents
Fees
InterestMicro business loan: 0.75% monthly; SME green financing: 33–35% — both per ubagroup.com this session. Other facilities are priced at application; confirm the live offer.
Eligibility
  • Business registered for at least 1 year (per UBA's site)
  • Banking relationship with UBA of at least 3 months (per UBA's site)
  • Sector eligibility applies for asset finance and scheme loans
Documents needed
  • CAC registration documents
  • Bank statements and financials
  • Valid ID/BVN of directors as requested
Visit UBA

How UBA (SME loans and advances) compares in business loans

UBA (SME loans and advances) scores 4.1/5 in our business loans rankings. Our current top pick is Bank of Industry (BOI) (4.5/5). Always compare a few before you decide — see the full business loans comparison.

UBA (SME loans and advances)
4.1/5 · this page
 Bank of Industry (BOI)
4.5/5
 Development Bank of Nigeria (DBN)
4.2/5
Loan Type Working capital, asset finance, micro business loan, overdrafts, sector schemes — —
Tenor 12 months (working capital); 30–90 days (overdraft); longer for some schemes — —
Licence Commercial bank (CBN-licensed) — —
Speed Standard bank credit process; existing customers move faster — —
Best For Registered SMEs that already bank with UBA and need ₦5m–₦50m Registered SMEs with a solid plan Longer-term MSME finance
Visit UBA → Visit BOI → Visit DBN →

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Details last checked: August 2026

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