Umba Loan is one of the most trusted financial service suppliers across Nigeria as well as Kenya. In this article, you will discover how you can get the loan offered by Umba loan in Nigeria.
We will also glance at the financial options offered through Umba Mobile. Umba Mobile app.
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How to use an Umba loan?
Umba is a digital bank and lending platform that operates in the Fintech market. It operates currently within Nigeria in Nigeria and Kenya. The mobile app features an easy and clean user interface, which makes it easy to conduct transactions on the go.
Its Umba Mobile app is also extremely responsive, which enhances its efficiency. You can connect your utility accounts to the app, and then finance those utility costs! Pay for electricity, water internet, water, and more.
Mobile finance services are available via Umba Loan. Umba Mobile app
1. Money Transfer
Yes. You can transfer money to family members, friends, and relatives using your Umba Mobile app. You also need to create the account at Umba after which, once this is completed then you’re good to go.
To transfer money using the app Follow the steps below.
- Sign up or log in to the app
- Click the “Send” button at the top of the application.
- Press “Add Beneficiary”
- Select the second option that states “No, Add New Beneficiary”
- Enter the bank’s name and bank account number of the person you wish to transfer money to.
- Click on the “Next” button to continue
2. The payment of utility bills
If you’re a Nigerian You can connect utility accounts on the Umba App and pay for charges for your utilities. Pay for electricity, water, and mobile data subscriptions, as well as many other things.
To pay your bill on your Umba Mobile app, follow the instructions below.
- Launch the Umba Mobile app and log in
- Click “Bills” at the topmost portion of the app.
- You’ll have to set up an account to pay bills since it’s the first time you’ve done it.
- Hit the “New Bill” or “New Bill” button
- Click “Select account”
- On the next screen on the next page, click “add new” and choose the kind of bill that you wish to pay.
- Continue with the payment process
3. Personal loans for an instant.
You can get the amount you need from N2,000 and N30,000 through Umba’s mobile app. Umba Mobile App.
At present, loans aren’t accessible to Kenyan users. On the other hand, Nigerians can get loans via the app so they meet the conditions.
Umba Mobile loan requirements
If you’re a Nigerian and want to borrow money from Umba You must meet the criteria listed below.
- A valid mobile number that you can get rid of the verification code.
- Your National Identification (NIN). This is the identification of your name and proves your age.
- Bank Verification Number BVN is used to verify your bank account information and make sure you’re not banned by loan companies or other lenders.
Download Umba Loan App
There is a way to run Umba Mobile. You can download and install the Umba Mobile app directly from the Google Play Store. It’s a tiny size of 25MB and has more than 500 000 downloads. The current score of 3.7 from more than 18,000 customers.
How can I obtain the loan you need from Umba Mobile
If you meet all requirements and installed the application, then follow these steps to receive your credit through Umba Mobile.
- Log in or register to the Umba app.
- Join if you’re a brand-new user
- In your Dashboard, look for the icon that reads “Loan” and click on it.
- Press “Umba Money Loan”
- Connect your bank account to your bank
- Make a selfie picture via the app
- You must wait for the verification to be completed
- Hit on the “Get Started” button.
- If the app is asking you to add your ATM card, it is recommended to include it.
- Then you will go to the Umba money loan page.
- Select the amount you wish to get (between N2,000 and N30,000)
- Be specific about the reason you’re seeking the loan.
- Confirm the amount of your loan and send it back
The loan application you submit will be reviewed by the Umba Mobile staff. Please note that you cannot determine the repayment conditions through Umba Mobile. All loans are automatically repaid within a period which is of 62 consecutive days.
How much of a loan are you able to get?
You can apply for a minimum loan of N2,000 as well as a maximum of N30,000 through Umba’s Mobile App.
Is Umba Loan Legit
Umba loan is legit and trusted, the Umba financial company is a registered company by CAC and the federal government of Nigeria.
The tenor for loan repayment
As with other instant loan companies that are available in Nigeria, Umba Mobile is not flexible in loan repayment.
If you’re interested whether you like it or not, the fact is that you will need to repay your loan before or on the second day of the week. This is why the Umba loan service gives its customers a period of repayment of two months.
Umba Mobile’s interest rate
Umba Mobile charges an interest rate of 10 percent for each loan you get through their platform.
If, for instance, you took out a loan of N10,000 via Umba Mobile, for example, Umba Mobile app, you are charged 10% interest percent (N1,000)
This means that you have to pay an amount totaling N11,000 in 2 months (62 days).
Repayment of loans
You can also pay back your loan using Umba Mobile. Umba Mobile app on your smartphone. To repay the loan follow the steps below.
- From your Dashboard, select the Loan tab.
- Find the active loan section.
- Click”Make Payment” and then press the “Make Payment” button
- Enter the amount you wish to pay right now.
- Choose your preferred payment method
- Click on the “Make payment” button
- Continue to complete your loan payment
Umba Mobile customer care and email address
Umba Finance services include customer service representatives you can reach for any problem or concern.
You can contact Umba Mobile loan service from 8 am to 5 pm on Mondays through Fridays.
Main Website: umba.com
Email Address:
Facebook Page: facebook.com/umbamobile