UCEE MFB

ucee mfb

Acess funds before
you get your salary

Get access to loans with our consumer credit scheme which is available to staff of pre-approved private and public organizations.
UCee’s Salary Loan is a consumer credit scheme which is available to staff of pre-approved organizations. It will give qualified staff access to short- and medium-term funds. It allows you cater for immediate and lifestyle needs without hassles.

Salary Loan Features

Minimum Loan Amount

N100,000

Maximum Loan Amount

N5,000,000

Minimum Tenure

3 Months

Maximum Tenure

12 Months

Pricing

Interest Rate(Variable) (per month)

2.5% (Internal)
3.25% (External)

Management Fee (One-off, payable upfront)

1% (Internal)
1.5% (External)

Insurance Fee (per annum)

0.9% (Internal)
0.9% (External)

Debt Burden Ratio Repayment Model

*Maximum of 33.3%
*Direct Debit Mandate or Deduction at source