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Are There TEBA Bank Consolidation Loans?

Are you planning to consolidate your financial situation or your debts with a loan? Did you know there is a reliable company that can help you with that? I am referring to Teba Bank, which is known called Bank. This bank has designed a special Personal Loan, whose main objective is to help clients consolidate their debts.

   In the article you are about to read, I will not only give you information regarding this loan, but I will also talk about three different packages that can also help you so as to consolidate your financial circumstances. Then, at the end of the article you will be given the contact details of this company.

What type of loan can I find at Ubank? A Personal Loan

    The bank can give you up to R 180 000, which you can easily pay in periods that range from a month to 72. Let’s pay attention to the different features that comprise this loan:

-You can request the company to give you R 180 000

-You can pay for the program in up to 72 months, pretty much

-You can make direct use of your money by being given a bank account

What are the requirements for this Personal Loan?

-Possessing a job in which you earn a sustainable salary

-Your salary must be directly deposited into your bank account

-You must be between 18 and 65 years old, without exceptions

If you are concerned about the application procedure, I strongly advise you to take into consideration the following data:

-Put forward your recent pay slips as well as your financial data

-Put forward your proof of residence that shows you live in the country

-Put forward your ID book or your passport, in case your ID book is not with you

-Put forward bank statements from the bank you operate with

Now, you need to know that the moment you are given the loan you will be requested to pay some fees such as the initiation and the service fee. What is more, there will be interest rates that can vary according to the so known Prime Interest Rate.

PACKAGES FOUND AT UBANK:

BRONCE PACKAGE

Its characteristics are the following ones:

-Disbursing interest rates of around 0.50%

-Receiving a bank account for each need you experience in your quotidian life

-Gaining a debit card so as to purchase the goods you wish

-Being capable of making free transactions that will enable you to save huge amounts of money each month

-Receiving an insurance to cover funeral charges if you die or an accident takes place, situations which can really affect the client. Such cover is of R 2000.

-Being able to operate with a savings balance whose maximum is of R 1000. For these type of balance, you are allowed to receive notice in a period of about a month.

-Obtaining direct access to fixed deposits that can be of up to R 10 000

How can the client apply for this Bronze package?

If you are interested in getting a Bronze Package, the bank will request you to put forward your identity card or passport, something that proved the place you are currently living in, and also showing your financial situation, so as to prove you are perfectly capable of financing the loan with monthly fees of R 59.

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Please do bear in mind, that if you have acquired a package and you are no longer able to pay for it, the bank can offer you different options or financing programs, so do not worry, there will always be a solution to your monetary issues.

Let’s continue with the two following packages:

SILVER PACKAGE

What are this package´s main characteristics?

-Being able to make use of a bank account

-Receiving at home a Silver Card, granted by Visa, which enables you to purchase goods

-Making more than one transaction and saving up to R 30 000 on a monthly basis

-Getting a funeral insurance of about R 3000

-Being ready to pay interest rates of no more than 0.75%

-Making fixed deposits whose maximum tends to be of R 10 000

The requirements for the Silver package are similar to the ones that make up the previous package. However, the client will necessitate to pay some monthly fees of around R 99 and also a SIM card which happens to cost R 30.

GOLD PACKAGE

     This is the best package, as it is the most complete one. You will not only get the bank account, that the other packages enabled you to obtain, but also a special card called Gold Card, which enables you to make multiple purchases of the goods you always wanted to possess.

   Together with this package there comes along a funeral insurance of around R 5000 and the chance of getting a subscription with a cellphone company for no charges. However, you will need to pay interest rates of no more than 1%.

    The last characteristic I would like to mention is the possibility of obtaining a saving balance of R 1000 and being able to make fixed deposits, whose limit is really high, R 10 000. But, the client will be requested to pay for monthly fees of just R 139.

 Contact information of Ubank so as to consolidate your debts and your financial situation:

-BY PHONE

You can make a phone call to the company, by dialing up the next number, which is free in fact: 086000 8322. There also exists a free phone number for people calling from abroad: 27 11 5185780. So, no matter where you are located, you can still communicate with the company.

 -IN PERSON

You can directly go to the company´s physical office located in Johannesburg, in the area of Sunning hill. The exact address is Sunhill Park, inside the first office. There also exists the possibility of sending a letter directly to the company to this address.

-ONLINE

You can decide to enter the bank´s website or also send an email to the address I will give you now:max.modise@ubank.co.za

Leave your question

Video Johannesburg

Questions and answers

Can I pay for an insurance with this company?

Yes, of course

Will I be penalized for not making payments on time?

That is very typical with loans

Can I finance the loan with my card?

Sure, that payment method is accepted

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