Umba: Lending app with N30k loan limit, average rating by borrowers

Umba: Lending app with N30k loan limit, average rating by borrowers

UMBA LENDING APP – AN INTRODUCTION
Umba is a digital lending app that allows users to apply, drawdown and repay loans directly from their smartphone or desktop computer. Once an individual is verified, the loan platform says it can make lending decisions which are based on an assigned risk rating.

Umba app is hosted on google play store and it does not require any collateral or documentation to access its quick loan.

HOW TO APPLY FOR UMBA QUICK LOAN
1. Create your account
2. Apply in seconds
3. Receive an Umba Loan
4. Increase your loan limit every time you repay a loan on time

FEATURES OF UMBA QUICK LOAN APP
1. Umba quick loan puts you in control of your finances. The Umba app lets you apply for credit on the go and it works 24/7.
2. No paperwork, collateral or office visits needed
3. You can use your Umba loan to send money directly to your M-Pesa account, to merchants, or utility providers
4. No late charges or rollover fees
5. Get access to bigger loans, lower fees, and flexible payment terms as you repay
6. Loans are approved and disbursed quickly

UMBA QUICK LOAN RATE
Umba quick loans have a maximum and minimum duration of 62 days.
Credit amount: from ₦ 2000 to ₦ 30,000 ;
Terms: 62 days
Maximum annual interest rate of 10%
Commission: 0% (No commissions)
VAT: 0%
Maximum APR: 10%

For example, for a loan of 10,000 Nairas, there is a 10% interest rate (1000 Nairas). So at the end of the term of 62 days, you will be required to pay 11,000 Nairas.
No late fees, rollover charges or origination fees.

CONTACT

EMAIL: support@umba.com
FACEBOOK: facebook.com/umbamobile
WEB: www.umba.com

To download the umba quick on Google Play Store,
CLICK HERE.

REVIEWS AND FEEDBACK FROM UMBA APP CUSTOMERS

Emumena Fidelis Thomas
October 27, 2021
Thank you for reaching out and solving the issues

Emma Nduimake
October 26, 2021
I rarely rate an app. I’ve seen and used loan apps but I can confidently say that Umba is one of the best I’ve come across. They’re simply splendid. Just download the app and see for yourself

George Igoche
October 26, 2021
No icon for accessing loan and email response is not helping situation.So many weeks since expecting to access loan,not done.The virtual account I used to repay was cumbersome to reflect as loan having been repaid.

Soyoye Nurudeen
October 26, 2021
Very fast, easy and mode of payment is very awesome. Loan charge is not outrageous.

Awobifa Anthony
October 22, 2021
Initially gave this app positive review,I love the app but it is very slow and it doesn’t show the name of recipient when u want to transact.money ends up sending late and it is so annoying

Mr kankia
October 25, 2021
I see so many positive and negative comments but I give a try for over 3days can access my nin verification.always tell me try again later.what is the problem and how sure I am can’t same problem when it come to account details and loan process?

ekoja samuel
October 5, 2021
This is just the best app for a business Adult who has sense. I mean, deposit and withdrawal can be done within 2 minutes. One does not have to wait like other apps, and when you take a loan and repay early before due date, you can still apply for another loan in minutes. Wonderful app, great work umba. My only complain is it says I have run out of attempt for my virtual account number, and I only tried once. Nonetheless you guys are great.

Gbenga Hakeem
October 19, 2021
Using the app for the very first time was weird! Imagining passing all verifications, and still couldn’t do anything. Even, to biometrically secure the account was not possible. Still wondering how an acclaimed best app is not having the utility feature like ‘Settings’. Now the worst part is i’m presently logged out, while option to log in back into my account is not present anymore, unless one would have to sign up again. What a nightmare! So annoying!😑 You guys are not ready

Ibrahim Sunday
October 25, 2021
I love this so much it is so great and the bank is so nice to me and I will like to get more update from umba mobile banking app

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