How to Apply for Unifi Loans Online

Unifi is a financial service provider offering personal loans to individuals in Africa. It started off in 2007 as a microfinance business in Zambia. In 2015, Unifi Group (now Unifi Africa) acquired the company and also acquired Cobol (a south African loan platform) in 2016. In 2020, both acquisitions underwent rebranding and became Unifi. Furthermore, in 2021, a Ugandan establishment was set up, while a Kenyan startup was equally established in 2022. Hence, Unifi operates in four African countries – Zambia, Kenya, South Africa and Uganda. Unifi offers quick and easy access to loans tailored for emergencies, educational or medical needs. These loans are available in short-term or long-term options and are accessible to formally employed clients. This article aims to provide practical tips on how to apply for Unifi loans online, accompanied by information that could help alleviate your concerns.

General Information About Unifi Loans

• Funds can only be transferred to the bank account where your salary is deposited
• Unifi does not consolidate loans
• The loan amount you are eligible for depends on your credit score and your ability to repay
• The loans are currently tailored for individuals who receive monthly income only
• No upfront fees charged
• Prompt repayment, maintaining a clean payment record without defaults or disputes, qualify you for an increased credit limit
• Loan disbursement takes only a few hours if you select the superfast option which automatically retrieves your bank statement.
• It takes around 24 hours to disburse loans if you select the manual bank statement upload option
• Unifi does not grant loans to weekly, bi-weekly earners or self-employed customers.
• The loan amount you receive may vary from the amount you initially apply for
• Your information will remain in UniFi’s system for up to seven years or longer, even if you decide to discontinue using their services during this timeframe.

How to Apply for Unifi Loans Online

To apply for Unifi loans, follow the simple steps below:

• Visit Unifi South Africa website on https://unifi.credit/za/
• Click on Apply
• Select your desired loan amount
• Choose a convenient repayment duration
• Input your ID number
• An estimated repayment amount will be displayed
• If the repayment duration and loan amount meet your satisfaction, click on Apply
• Supply your personal information, repayment ability as well as your banking information
• Your application undergoes quick review and processing, revealing eligibility almost immediately.
• If approved, you will receive a quote. You can accept the quote if it aligns with your personal needs and proceed with the application
• Provide your proof of income so as to verify your ability to repay as and when due.

Unifi offers two ways through which you can upload your proof of payment:

• Kindafast – manually upload your documents and expect cash payout out within 24 hours.
• Superfast – securely and automatically fetches your latest bank statement from your online banking account.

Eligibility Criteria

• You must be a South African citizen over 20 years
• You have a formal employment as at the time of loan application
• You receive your monthly salary in a bank account
• You bank with ABSA, FNB, Standard Bank, Capitec, Nedbank or African Bank