Unifi Loans
- Short-term loans up to R8,000
- Low-interest starting from 104%
- Repayment up to 6 months
Table of Contents
[Accessed April 17, 2023]
About Unifi Credit
Unifi is a National Credit Regulator registered credit provider based in Stellenbosch, Western Cape.
They deliver faster, simpler, and easier unsecured loans to the Sub-Saharan continent. They aspire to reinvent personal lending and serve up to a million customers by 2025. Unifi follows firm guidelines as prescribed by the National Credit Act and practices responsible lending.
About the CEO of Unifi
Michiel Le Roux has a decade of entrepreneurial and financial experience. A graduate of Oxford, he worked in the London financial industry until he joined a private equity firm focused on serving the African continent. It was here that he recognised the business opportunity presented by the microfinance industry.
Their purpose unites them
They share their knowledge and vision and celebrate all group achievements because they believe they can do more together. They deal with people before numbers, treating you as a valued client, and deserving of dignity and respect.
If there’s an emergency they’ll assist instead of heaping more stress on you. All products are transparent and easily accessible.
They’re open and trustworthy and their customers, stakeholders, and partners believe in them and the value they bring to the table. Unifi has a unique culture that touches all who work there.
Unifi is quickly moving into the future
Their revolutionary ideas deliver exceptional solutions to clients who have been historically side-lined. They want to help you do and be even more by leveraging their short-term loan solutions.
Unifi Credit Services
They might even help you in ways you least expect. You could be surprised and relieved at the ease of applying for Unifi short-term loans.
They have solutions to assist you in doing more, even if you’ve experienced difficulties before, they’ll help you out. Life doesn’t always keep to office hours. Unifi gives flexible short-term loans of between R2,000 to R8,000 at any time, 24/7 online, for your convenience.
They offer flexible payment options for up to 6 months. Loan amounts range from R1,000 to R8,000. With super quick, online systems they can pay out in minutes. They offer easy short-term loans to those with formal employment. Their loans can be accessed online in South Africa and through branches in Uganda and Zambia and at PEP in those countries.
When considering your Unifi short-term loan application, Unifi looks at your credit report. Unifi also offers an online tool to generate a free credit report. Applications are paperless.
Understanding credit reports
This information is stored by a credit bureau. They gather all credit data about you from your credit providers to collate your credit report. A credit report shows your debt and what you’ve already paid off.
All three major South African credit bureaus have different systems of scoring. Your credit score is calculated from the information it contains. A bureau may assign a score out of 999, while another may assign a score of 600. A bit like a school report, the more points you achieve, the better your credit.
If you apply for credit, the provider will look at your report, and use it to decide whether or not to give you a loan. It shows lenders if you can afford any more debt and what their risk is if they give you credit.
Unifi Credit – Short-term loan
- Loan Type Short-term loans
- Interest Rate 104 – 212% p/a
- Loan Amount up to R8,000
- Repayment 30 days to 6 months
Benefits of Unifi Credit
- 6-month repayment terms available
- Same-day loan approval
- Apply conveniently online
Short-term loan calculator
What you need to apply for a loan from Unifi
Everything happens online. Sign up and finish filling out the fast, 5-minute application online. You’ll get your answer instantly and if you do qualify they’ll send you the money that same day.
- A cellphone for verification and for when they update you on the progress of your loan application.
- The bank account that receives your salary, for verification purposes and so they know where to send your money. Some providers include FNB, ABSA, Capitec, African Bank, and Nedbank.
- You must be employed and get a monthly salary.
- You’ll need to prove your income. You can upload a document or automatically get your bank statement from your online banking. Unifi also uses TruID, a secure, trusted platform that will send your proof of income safely.
- Supporting documents: your most recent bank statement or payslip.
- Fill out a fast online application.
Tips to help you quickly pay off your loan:
Draw up a budget. This can help you take control of your loan repayments as it’ll show you how much you spend every month and how much you still have to pay off your debts.
If you’ve never done this before, it’s quite simple: write a list of your essential expenses, like transport, rent, and food as well as loan repayments and bills such as tuition.
Once you add all these expenses up, you then subtract the total from your salary, anything left over should go on loan repayments and savings for the unexpected.
- Control your spending: check your bank statements to see where your money goes. In case you overspend on luxuries like takeaways or fashion. Try to do without these for a while.
- The money you save can go on your loan repayments. Save on your essentials by using store promotions and loyalty cards. Make a meal plan weekly and shop according to a list so you buy necessities.
- Consider a side hustle, if you’ve drawn up a budget and there’s not much left to pay off your loans, what can you do?
If your salary simply isn’t enough, try using your gifts and abilities to make extra income. For example, you might bake speciality cakes from home or give music lessons or start a lift club. Each cent gets you closer to your goal of paying off your debt.
Why having no credit record isn’t a good idea
Everyone needs to avoid bad credit but if you don't have a record you may not be able to get finance when you want to buy a house, a car or study further. By getting a credit card or small loan, you can start to amass a credit record, which will help you when you have bigger goals to achieve. If you want a small Unifi short-term loan to start the process of building up your credit, you can apply for a loan online.
There are different ways to quickly pay off your loans
- Putting all extra money into paying the smallest loan first, and making only minimum payments on the biggest loans. Then when you’ve paid off the smaller loan, put that money into the next smallest loan. And so on.
- Or pay off the instalments with the highest interest rates first. Then with the money, you save you pay off the smaller loans.
Only get loans from trusted lenders such as Unifi. Ensure your prospective lender is a registered and trusted provider. That way you won’t be caught out with hidden fees.
Unifi Credit is a trusted & reliable provider of short-term loans
In our review, Unifi Credit adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.
✅ Unifi Credit is a registered credit provider in South Africa: NCRCP4849
Customer Reviews & Testimonials
Unifi Credit Contact
Physical Address
- 2nd floor Building A, The Vineyard, 1 Devon Valley Rd Stellenbosch 7600 South Africa
- Get Directions
Opening Hours
- Monday 08:00 – 17:00
- Tuesday 08:00 – 17:00
- Wednesday 08:00 – 17:00
- Thursday 08:00 – 17:00
- Friday 08:00 – 17:00
- Saturday 08:00 – 12:00
- Sunday 08:00 – 12:00