Personal Loan
Life is full of surprises, and sometimes that means you need a little bit extra. That’s why we’ve developed the flexible Ubank Personal Loan, so you can enjoy life’s little surprises without worrying about how to afford them.
A loan designed around your needs
- You can borrow any amount up to R50 000
- You can choose flexible repayment options from 2 to 36 months
- You can apply easily at any branch
- You can access your funds straight away from your Ubank account once your loan is approved
- As long as you earn a salary, have a bank account and are between 18 and 65 you can apply for a Personal Loan
- Finally we will run a credit check to confirm that you can afford the loan and that you have a credit record
To apply you will need the following
- A green bar-coded identity book or South African passport
- Proof of physical address (not older than 3 months)
- Your banking details and last three months’ banking statements
- Two different contact numbers – one number for you and one for a relative
- A list of your expenses
- If you are married you will need to bring your marriage certificate
Remember to borrow responsibly
Only borrow money if you are sure you can afford to make your repayments. Follow these simple guidelines to make sure you know how borrowing money will affect you:
- Only borrow money from a bank that you know or a registered micro-lender. Both of these have rules they have to follow to protect you!
- Do NOT let anyone who helps you at the bank keep your bank card
- Do NOT give them your PIN number or leave your ID book with them
- Do NOT sign a blank document given to you
- Never pay any staff member cash in return for a loan
- When you sign a loan contract, please make sure it has the following:
- The amount you are borrowing;
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The number of instalments and how often you need to pay;
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The amount payable every time you have to make a payment;
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The amount of time the loan must be paid back in; and
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The amount of interest that you will have to pay.
What if you can’t afford the repayments any longer?
If you find yourself in financial trouble please speak to your Ubank sales consultant urgently.
Please make sure you let us know if there are any changes to your address or contact numbers.
Talk to us
For more information speak to your Ubank consultant at your nearest Ubank branch or call 086 000 8322.
