Ubank Loans Review in September 2024
Looking for loans for blacklisted? Apply for Ubank bad credit loans up to R180,000.00
uBank has been providing financial services to mineworkers and their families for decades.
The NCA requirements are adhered to by uBank, a financial service provider that is registered and approved.
Ubank Loans for Bad Credit
Since its founding, UBank has succeeded in elevating itself within the mining industry by concentrating their service and support on giving financial help to these communities in South Africa.
You may borrow up to R180,000 from uBank for your bad credit loans, with repayment terms ranging from 1 month to 72 months.
You have financial freedom and support when you need it thanks to these loans.
To make the procedure as simple and quick as possible, uBank has developed an online calculator available to you to establish the payback terms.
Any applications must be made by South African citizens who are at least 18 years old.
If you are a non-South African citizen, you must also present a current passport and a work permit with your paperwork.
Additionally, you will need to have a bank account and all other paperwork for the application.
Your ability to repay the loan will be based on your ability to provide evidence of income and a three-month bank statement.
Ubank Debt Consolidation Loans
An unsecured loan called debt consolidation allows clients to take out one loan to pay off a number of other loans they may have, including other personal loans, retail shop accounts, tertiary fees, or other kinds of debt.
To enhance clients’ monthly cash flows, debt consolidation enables internal and external exposures to be combined into a single exposure.
Who Can Apply?
| Applicants must be permanently employed and earning a minimum of R3000 per month. |
| Applicants must be between the ages of 18 and 65 years’ old. |
| Applicants can apply for loan between R10 000 and up to R180 000 which is affordability dependent. |
| Structured repayment period between 12 and 72 months. |
| A Debt Consolidation loan can be paid off at any time with no penalties charged. |
| Outstanding loan balances are paid out immediately into the credit provider’s bank account upon approval. |
| No deposit is required from applicants. |
| No penalty interest will be charged if debt consolidation loan is paid off early. |
| The initiation fee can be paid up-front to lessen the administration fees. |
Required Documents
- A valid loan settlement quotation letter/s not older than 7 days from the OFI or any other credit provider must be provided for each loan to be settled.
- Green barcoded South African Identity Book or ID Smart Card
- Valid passport with a valid work permit for non-South African citizens
- Latest original payslip
- Proof of physical address (not older than 3 months), e.g. Electricity or cell-phone statement
- Bank statements for the last 3 months (If not a ubank customer) and
- Applicant must have an income of at least R3 000 a month and a bank account into which their salary is paid.
