Unifi is a leading provider of fast, simple, and trusted personal loans in Sub-Saharan Africa. Whether you need cash for an emergency, a home improvement project, or a personal goal, Unifi can help you get the loan you need on the same day. Below you will find everything you need to know about the Unifi loan application and how to apply.
The Requirements for Unifi Loan
The Unifi loan application requirements are the basic ones you would find with any other loan lender such as:
You must be a South African citizen or permanent resident.
You must be at least 18 years old.
You must have a valid South African ID number.
You must have a bank account in South Africa.
You must have a steady income.
You must provide your latest three months bank statements and/or payslip.
You must provide proof of address.
What is the Interest Rate for a Loan from Unifi?
The interest rate for a Unifi loan varies depending on the loan amount, repayment term, and the applicant’s creditworthiness. According to the information I found online, Unifi offers a monthly interest rate of 3%.
This interest rate determines the additional cost incurred by borrowers on a monthly basis, calculated based on the remaining loan balance. In addition to the interest rate, Unifi charges a service fee of R69.
The annual interest rate on Unifi loans ranges from **12.9% to 28.9%. You can use the loan calculator on the Unifi website to estimate your monthly repayments and total interest cost.
How Long Can I Repay my Unifi Loan
When taking out a Unifi loan application, it is good to have an idea of the repayment period. The repayment term for a Unifi loan is up to 6 months.
This means that you can choose the duration of your loan from 1 month to 6 months, depending on your preference and affordability.
You can use the loan calculator on the Unifi website to see how different repayment terms affect your monthly instalments and total interest cost.
Unifi Loan Application Online – 5 Easy Steps
Step 1: Sign up on the Unifi website
To start your loan application, you need to sign up on the Unifi website using your ID number and creating a password. This will allow you to access your personal dashboard, where you can manage your loan details, repayments, and profile.
Step 2: Complete the online application form
After signing up, you will be directed to the online application form, where you need to fill in some basic information, such as your name, contact details, employment status, income, and expenses. You also need to choose the loan amount and repayment term that suit your needs. Unifi offers loans from R2000 to R8000, with a repayment term of 6 months.
Step 3: Upload your proof of income
To verify your income and affordability, you need to upload your proof of income, such as your latest payslip or bank statement. You can either upload the document directly on the website, or use TruID, a secure platform that sends your proof of income to Unifi on your behalf.
Step 4: Get a quick answer
Once you submit your application and proof of income, Unifi will review your information and give you an answer immediately. If you qualify, Unifi will send you a loan agreement that you need to sign electronically.
Step 5: Receive cash in your account
After you sign the loan agreement, Unifi will deposit the cash into your bank account on the same day. You can then use the money for whatever you need, and repay it in monthly instalments via debit order or EFT.
See also: Loans for blacklisted
FAQ on Unifi Loan Application
Q: What is Unifi Loans?
A: Unifi Loans is a personal lending group that offers fast, simple and easy online personal loans to formally employed people in Zambia, South Africa, Uganda and Kenya.
Q: How can I apply for a Unifi Loan?
A: You can apply for a Unifi Loan anytime, anywhere online through their website or app. You just need to complete a quick online application, upload your proof of income, and get an immediate decision. If you qualify, you’ll receive the cash in your bank account on the same day.
How can I contact Unifi Loans?
A: You can contact Unifi Loans through the following channels:
Phone: +27 87 551 0687 (South Africa), +260 211 256 002 (Zambia), +256 312 202 165 (Uganda), +254 20 765 0919 (Kenya).
Q: How can I repay my Unifi Loan?
A: You can repay your Unifi Loan through the following methods:
Debit order: You can set up a debit order from your bank account to automatically deduct your monthly instalment on your due date.
EFT: You can make an electronic funds transfer from your bank account to Unifi Loans’ bank account. You need to use your loan reference number as the payment reference.
Cash: You can pay cash at any of the Unifi Loans’ branches or agents. You need to present your ID or passport and your loan reference number when you make the payment.
Q: What happens if I miss a payment or default on my Unifi Loan?
A: If you miss a payment or default on your Unifi Loan, you may incur additional interest and fees, as well as damage your credit score. Unifi Loans may also take legal action against you to recover the outstanding amount. Therefore, it is important that you contact Unifi Loans as soon as possible if you are experiencing financial difficulties or unable to make your payment on time. Unifi Loans may be able to assist you with a payment plan or a loan restructuring to help you get back on track.
Q: How can I check my Unifi Loan balance and status?
A: You can check your Unifi Loan balance and status anytime, anywhere online through their website or app. You just need to log in with your username and password, and you can access your loan details, statements, and payment history. You can also contact Unifi Loans’ customer service team by phone or email if you have any questions or queries about your loan.
Unifi Loans is a personal lending group that provides online personal loans to formally employed people in four African countries: Zambia, South Africa, Uganda and Kenya. Unifi Loans aims to offer fast, simple and easy loans to people who need cash for various purposes, such as emergencies, education, home improvement, travel, or business. Unifi Loans also strives to be a responsible lender that complies with the relevant laws and regulations in each country, and helps its customers improve their financial well-being.
To apply for a Unifi Loan Application, one needs to complete a quick online application, upload a proof of income, and get an immediate decision. The loan amount ranges from R2000 to R8000, depending on the income and credit profile of the applicant. The loan term is 6 months, and the monthly instalments are affordable and fixed. The interest rates and fees vary according to the loan amount, loan term, and credit profile of the applicant, and can be estimated using the online loan calculator. Unifi Loans transfers the cash to the bank account of the approved applicant on the same day.
To repay a Unifi Loan, one can choose from three methods: debit order, EFT, or cash. The debit order is the most convenient and secure method, as it automatically deducts the monthly instalment from the bank account of the borrower on the due date. The EFT and cash methods require the borrower to make the payment manually, using the loan reference number as the payment reference. The borrower can check the loan balance and status online through the website or app, or contact the customer service team by phone or email.
Unifi Loans advises its customers to repay their loans on time and in full, as missing a payment or defaulting on a loan can have negative consequences, such as additional interest and fees, damage to the credit score, and legal action. Unifi Loan application also encourages its customers to contact them as soon as possible if they face any financial difficulties or are unable to make their payment on time. Unifi Loans may be able to assist them with a payment plan or a loan restructuring to help them get back on track.
Unifi Loans is a reliable and trustworthy personal lending group that offers online personal loans to people who need cash for various reasons. Unifi Loans has a simple and easy application process, a fast and flexible loan approval, and a convenient and secure loan repayment. Unifi Loan application is also a registered credit provider and a responsible lender that follows the relevant laws and regulations in each country, and helps its customers improve their financial well-being. Unifi Loans is a good option for anyone who needs a personal loan in Zambia, South Africa, Uganda or Kenya.