UBA Loan Calculator
Estimate your monthly UBA loan payment at current rates. Free, no signup.
₦
%
yrs
Your monthly payment₦317,419
Principal₦10,000,000
Total interest₦9,045,122
Total₦19,045,122
Calculated live on this page · reference rates June 2026. Open the full tool →
UBA loan rate
| Lender | Typical rate | Max term |
|---|---|---|
| UBA | 29.00% p.a. | up to 5 years |
CBN MPR 27.5%. Your rate depends on your profile and deposit — verify with the bank.
Worked example
Example: ₦10,000,000 UBA loan at 29.00% for 5 years.
- Monthly payment: ₦317,419
- Total interest: ₦9,045,122
- Total payable: ₦19,045,122
Frequently Asked Questions
What is the UBA loan rate?
UBA loan rates are around 29.00% p.a. as a 2026 reference. CBN MPR 27.5%. Your exact rate depends on your profile and deposit.
How is the UBA monthly payment calculated?
Using the reducing-balance formula on the financed amount. Enter your amount, rate and term in the calculator above.
How much deposit do I need?
A larger deposit lowers your rate and total cost. Most lenders also add valuation, legal and registration fees on top of the deposit.
Can I reduce the total cost?
Yes — a bigger deposit, shorter term, and extra/early repayments all cut total interest. Check for any early-repayment charges first.