Having strong operations in over 20 African countries and offices in three global financial centers: London, Paris and New York, this product was introduced to align it with its mission of creating value for its customers but still assisting them to meet up with pressing needs.
Millions of customers in Nigeria are already benefiting from this loan product and issuing a statement, the bank said their other franchise in Africa will not be left out as they also will have the opportunity to enjoy this product too.
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Click Credit is expected to improve the lives of its customers. It is a loan product which would allow for its qualified customers to apply for up to N5 million and customers have the chance to spread payment for a period of 12 months at an interest rate of 1.58 percent monthly which comes with no hidden fees.
Who can access this product? To answer your question, this product is targeted specifically towards salary earners from N25,000 monthly who falls under the age bracket of 18 and 59 can access this product. The unique thing about this product is it doesn’t require any extra fees, no need for collateral and no paperwork or any other hassle that may come from this sort of product. Applications have also been made easy as customers can apply for it via LEO, UBA Mobile Banking and UBA Internet Banking.
The Head of Retail Banking for UBA Group, Mr Jude Anele explained in his statement that the loans are meant to provide quick access to funds once a customer’s eligibility has been confirmed which takes less than a minute. He went further to say that customers who were qualified are already enjoying the service. Speaking to Tech Kudi, he said,
“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.”
Stressing further the crucial role credit has in both third world(developing) and first world (developed) society, Anele said, click credit is another way to ensure customers can get financial assistance to enable them do things when they need them easily.
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He further reiterated UBA’s commitment in ensuring that this product fulfills its aim which is to provide its customers help to cover pressing needs and make sure they are set up for success after they have moved past the usual “where will i get the funds from”. This product is set to be rolled out first in Nigeria before it is rolled out to other countries where the bank operates.
Dupe Olusola, the Group Head Marketing of UBA reaffirmed the banks’s focus on equipping its customers to fund their needs. Olusola explained.
“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,”