UBA introduces Naira Credit score Card

United Financial institution for Africa (UBA) Plc has launched the brand new UBA Naira Credit score Card to its prospects in fulfilment of its promise to ease accessibility to funds and enhance the usual of residing.

UBA’s Group Head, Digital Banking, Sampson Aneke, mentioned as a financial institution is within the welfare of Nigerians, a motive it’s on the forefront of creating services geared toward creating wealth, easing residing situations and assembly the wants of its prospects all around the world.

He mentioned: “At UBA, we recognise that entry to credit score is key to the creation of wealth and worth within the economic system.  Sadly, the nation has been challenged with solely about two per cent of the inhabitants getting access to financial institution loans.

“It’s in addressing these developmental and family challenges that the financial institution has in latest occasions developed and launched quite a lot of distinctive lending merchandise to the market, with the newest being the progressive UBA bank card.”

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Aneke defined that the UBA Bank card is offered as Visa Gold card with a  restrict of between N75,000  and N1million and Visa Platinum card with a restrict of between N1,000,001 and N3,000,000 and can be utilized regionally and internationally at any ATM or PoS outlet which has the Visa emblem, WEB (on-line), and POS terminals.

“There’s an curiosity free interval  of 45 days on POS/Internet transactions supplied 100 per cent reimbursement is made on the reimbursement due date and prospects are entitled to 30 per cent (annualised) of their wage as bank card restrict topic to the Debt Service Ratio (DSR).  The month-to-month reimbursement cycle will run from the 15th of each month to the 15th of the following month and the bank card assertion exhibiting transactions particulars throughout the interval and the quantity due for reimbursement will probably be despatched to the cardholders’ registered e mail deal with,” Aneke mentioned.