Compare the best loans of South Africa and find the lowest rate
Teba Bank, which is now called Ubank is a bank with lots of experience in the financial area, which throughout the years has granted support to South African citizens. One of the ways of giving such support has been through its loans.
Even though this bank does not have physical locations in Cape Town, that does not represent an obstacle for obtaining their lending programs and packages, since Cape Town citizens can contact the bank through many other means.
For such purpose, I will devote this article to talking about Ubank´s Personal Loans and three sort of packages designed for its clients, and I will also give contact information of this company. Furthermore, I will mention another company which happens to give similar services and is present in Cape Town, Grindrod.
What kind of loan can I discover at Ubank? A Personal Loan
The bank can provide you a loan of up to R 180 000, program that you can effortlessly pay in stages that range from a month to 72 months. Let’s pay careful attention to the diverse features that encompass this loan:
-You are able to appeal the bank to give you this maximum: R 180 000
-You are able to pay for the Personal Loan in more than 72 months, which is so much!
-You are able to make use of your funds by obtaining a bank account with Ubank
What are the requirements Cape Town citizens must bear in mind for this Personal Loan?
-Holding a job in which they earn a good salary
-Their salary has to be deposited into their bank account
-It is essential that they are between 18 and 65 years old, a very important requisite
If you are worried about how application procedure works, I powerfully recommend you to take into consideration these pieces of information:
-Presenting your current pay slips and your financial data
-Presenting your proof of residence in South Africa
-Presenting your ID book or even your passport, if it happens that your ID book cannot be found when applying for the loan
-Presenting bank statements from your current bank
Besides, you must know that once you are granted those loan you will be asked to pay two fees such as the initiation fee and the service fee too. Moreover, there exist variable interest rates, since they use to vary following the Prime Interest Rate.
PACKAGES FOUND FOR CAPE TOWN RESIDENTS AT UBANK:
I will focus on two of the packages Ubank has designed:
Its features are the subsequent ones:
-Paying out interest rates of no more than this: 0.50%
-Getting a bank account to cover every day needs
-Being able to make use of a debit card so as to obtaining the merchandises you wish
-Being a free client in terms of the transactions you make, with no limits of money
-Getting a cover to shield funeral charges if you decease or an accident occurs, conditions in which your money needs to be protected. This funeral cover is of R 2000, a lot.
-Operating with a savings balance whose top is of this amount: R 1000. For this sort of balance, you can be notified in about 30 days.
-Gaining straight access to fixed deposits. This is the maximum 10 000.
How can Cape Town clients apply for the Bronze package?
If Cape Town residents are interested in getting a Bronze Package like this one, Ubank will request them to give in hand their identity card or any other documentation such as their passport, a proof of residence in the country, and a proof of their salary.
Try to bear in mind, the fact that if you have attained a Bronze package and you are not able to finance it, Ubank can propose you certain choices in terms of financing periods.
This is the most requested package, because it is the most comprehensive package you will ever get the chance to acquire. You will be able to use a bank account and also receiving at your place a Gold Car, usually granted by Visa, which enables you to make plenty of purchases on the goods you want.
Along with this package you will be granted a funeral insurance of this amount: R 5000. Besides, you can be subscripted in a cellphone company, without having to pay for such operation. But, please do bear in mind that you will be made to pay for 1% interest rates.
The preceding characteristic I want to make reference to is the probability of obtaining a saving balance of an amount of R 1000 and having the capability of making fixed deposits, that have a maximum of R 10 000. Clients that have access to a Gold Package will be made to pay for monthly fees of R 139.
Contact information of Ubank for Cape Town citizens:
You can always make a phone call to Ubank, by dialing up this number, which is free of costs: 086000 8322. There even exists one free phone number for clients calling from another country, this one: 27 11 5185780. Consequently, no matter where clients are located, they can still contact the company.
You have the possibility of entering from home to the company´s webpage, or even sending an email directly from your email box to this address:firstname.lastname@example.org
Another choice in Cape Town: Grindrod
Contact information of Grindrod in Cape Town
If you are attracted to obtaining diverse loans with Grindrod and getting access to making many deposits with the company, let show you how you can communicate with the bank if you are residing in Cape Town:
-You can enter the bank´s official website which will give you access to tons of details about their loans, insurances and fixed deposits. You even have the chance of sending personal messages.
-You can go in person to the company´s physical office in Cape Town, in the area of Westlake. This branch is inside the Block Steenberg Office, over Silverwood Club.