Good afternoon sir,
I saw your post about loan on your Facebook page and i still have further questions. I am into sales of agricultural machines and implements and sometimes last year I borrowed N10m From UBA. I was able to pay for about 5 months. Then business begin to slow down plus the business is seasonal we are just entering a new planting season and i couldn’t meet up. I have been paying little amounts every month but Bank officials Wont stop harassing me with call, in fact Yesterday they brought demand notice. The loan term will elapse by May. I have goods worth the money i am owing on ground. What should i do?
A Demand Notice from United Bank for Africa (UBA) is a formal warning that: 👉 You are behind on your loan repayment 👉 The bank is demanding full or structured payment 👉 If not resolved, they may take legal or recovery action This is serious, but still manageable — especially since: You already paidRead more
A Demand Notice from United Bank for Africa (UBA) is a formal warning that:
See less👉 You are behind on your loan repayment
👉 The bank is demanding full or structured payment
👉 If not resolved, they may take legal or recovery action
This is serious, but still manageable — especially since:
You already paid for 5 months ✅
You’re still paying small amounts ✅
You have goods worth the loan amount ✅
Your business is seasonal (valid reason) ✅
You’re actually in a better position than many borrowers.
Why They Sent Demand Notice
Banks send demand notice when:
Loan repayment is overdue
Loan maturity date is close (You said May)
Payments are irregular
Bank wants to protect their money
Since your loan expires in May, they are trying to recover before maturity.
Important: Demand Notice Is Not Yet Court Action
Demand notice is:
⚠️ Warning stage
⚠️ Recovery stage
⚠️ Negotiation stage
Not yet:
❌ Court case
❌ Asset seizure
❌ Blacklisting (yet)
So you still have time to act.
What You Should Do Immediately (Step-by-Step)
Step 1 — Don’t Ignore Them (Very Important)
Avoiding them makes it worse.
Instead:
Stay calm
Respond professionally
Show willingness to pay
This helps a lot.
Step 2 — Request Loan Restructuring
This is your best option.
Tell them:
Your business is seasonal
You’re entering planting season
You have goods worth the loan amount
You want loan restructuring or extension
Banks usually allow:
Extension of loan tenure
Reduced monthly payment
Moratorium (temporary break)
Step 3 — Write a Formal Letter (Very Powerful)
Write a letter requesting:
Loan restructuring
Payment plan
This makes them take you more seriously.
Step 4 — Show Them Your Inventory
You said:
“I have goods worth the money i am owing on ground”
This is very strong leverage.
Tell them:
You expect sales during planting season
Give them estimated timeline
Banks prefer: 👉 Customer paying gradually
Than
👉 Customer defaulting completely
Step 5 — Negotiate Payment Plan
Example:
Instead of:
Full payment by May
Negotiate:
Extension by 3–6 months
Pay gradually
Important Things NOT To Do
Avoid:
❌ Ignoring calls
❌ Arguing with bank officials
❌ Promising what you can’t pay
❌ Hiding from them
Reality Check (Important)
Since you:
Paid first 5 months
Still paying small amounts
Have stock inventory
You’re not a bad borrower.
Banks normally cooperate with borrowers like you.
Worst Case Scenario (If Ignored)
If ignored, they may:
Send recovery agents
File legal action
Seize pledged collateral
Report to credit bureau
But you’re far from this stage.
My Strong Recommendation
Do this today or tomorrow:
Call your Account Officer at UBA and say:
“My business is seasonal. We are entering planting season. I have inventory worth the loan amount. I request restructuring or extension so I can repay smoothly.”
This works very often.
Since you’re in agricultural equipment sales, your case is actually very reasonable because farming businesses are seasonal.