Rating based on 8 reviews

Unifi Loans

  • Short-term loans up to R8,000
  • Low-interest starting from APR 104%
  • Repayment up to 6 months

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Unifi Loans homepage
Author Unifi Loans. Screenshot of Unifi Loans website.
[Accessed January 27, 2023]

About Unifi Loans

With branches in South Africa, Uganda, Kenya, and Zambia, Unifi’s making a name for itself in finance.

Their affordable, easy-to-obtain quick loans are taking the online market by storm and making them a micro-lender you can rely on.

What motivates Unifi

Everyone at Unifi, from the CEO to the agent, is dedicated to helping South Africans from all walks of life achieve their goals by offering short-term flexible financial solutions. They specialise in making their products affordable and accessible to people in the low-to medium-income bracket.

In 2006 a lender named Cobol opened its doors. They brought international financial experience to the table. Later, they joined the Unifi group because of their passion for bringing faster, more innovative, online loans to inadequately served markets across sub-Saharan Africa.

The cornerstones Unifi is built on

Above all else, this company holds four values close to its collective heart; unity, dignity, simplicity, and trust. They work as a unit to achieve more and celebrate their success together.

Whether you’re an employee or customer, they see you as a person, not a number and strive to treat you with the dignity you deserve.

Every system implemented on their platform is there to simplify things, no frills or fuss, just you getting the finance you need when you need them. Finally, they pride themselves on the transparency of their process and products and the trust they build with the communities they serve.

Lightning-fast online service

Not only is the application process clear-cut, but it’s also entirely online and available 24/7. You can apply when it’s most convenient for you, no queues, no calls, and no paperwork. All you need is your phone and a stable internet connection.

Unifi takes advantage of the latest technology to enable you to get your short-term loan the same day you apply. If uploading your documentation is difficult, you can have your bank automatically send them your statement and use True ID to send them proof of income. They offer you one of the fastest online services by automating their application process.

Unifi Loans Services

Short-term loans can be invaluable if you need to replace a geyser or install an inverter system that makes working from home viable during load shedding.

These loans are set up to give you the most flexible repayment options on moderate amounts that are easy to pay off.

Get same-day payout of up to R8,000

Unifi offer between R2,000 and R8,000 that can be paid off over 1 to 6 months. You choose the amount you need and the term that suits your budget. Regardless of your choice, your loan will be approved and deposited into your bank account within 24 hours of application.

As with all lenders, loan approval depends on the outcome of a credit and affordability check. These assessments are in place to protect you from overindebtedness. If a credit provider recklessly extends credit to you without doing the prescribed examinations, your loan may be written off once the NRC has investigated them.

How the fees work

Your Unifi short-term loan repayment comes with three fees. The first is a fixed monthly service fee of R69. Next is an initiation fee based on the loan amount. And lastly, interest is calculated using your risk assessment and loan term.

The initiation cost is determined by how much you choose to borrow and split up over your loan term. On the other hand, interest is a percentage of the amount added to each month of your loan period.

How your credit profile affects your repayments

Credit providers look at your credit score, determine the risk you pose, and apply a percentage to match. Your credit score is an overview of your financial history and how good or bad your past repayment habits have been.

Clients with high credit scores are afforded the lowest interest rates, while those with low scores are charged higher rates because of the likelihood that they may not repay the loan on time, if at all. Within the first 60 days of making full payments by the due date, you’ll see an improvement in your credit profile.

Unifi Loans – Short-term loan

  • Loan Type Short-term loans
  • Interest Rate APR 104APR 212% p/a
  • Loan Amount up to R8,000
  • Repayment 1 month to 6 months
  • Decision 24 hours
  • Monthly Service R69

Benefits of Unifi Loans

  • Apply conveniently online
  • 6-month repayment terms available
  • Same-day loan approval

Short-term loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This short-term loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Get immediate feedback from Unifi on your loan application

Unifi has built a user-friendly platform to make applying for short-term loans better, faster, and less stressful.

The application form is simple and takes less than 5 minutes to complete. In the blink of an eye, you’ll receive approval and have cash in your account as soon as the bank clears it.

Slide, click, type, and apply

On Unifi’s home page, you’ll find a slider to adjust the amount you’d like to borrow. Choose a 1, 3, or 6 months repayment term and check the estimate to review what the instalments may look like. Once you’re happy with the repayments of your selection, click on apply and fill in the form.

They work fast, so you’ll need to keep your phone close to catch the verification SMS and see if you qualify. Unifi pays the loan into your bank account as soon as it’s approved; it may only reflect in your account the next day, depending on your bank.

Banks currently supported by Unifi:

What you’ll need to get your loan approved

Only South African citizens 18 years and older who have a green back ID can apply online for Unifi’s short-term loans. Zambian clients are welcome to use the Unifi USSD app or apply in-store at any PEP nationwide.

You must be permanently employed and have your monthly salary paid into a bank account registered in your name. You’ll have the choice to upload your documentation if you prefer not to use True ID.

Documents required to apply for a Unifi loan

  • Copy of your ID
  • Latest payslip
  • 90-day bank statement

Here are three tips on getting the best out of your loan:

  • Keep your credit score high and get low-interest rates
  • To keep the fees reasonable, don’t borrow more than you need
  • Choose the shortest possible loan term to cut down on interest and service fees
man holding thumbs up

Unifi Loans is a trusted & reliable provider of short-term loans

In our review, Unifi Loans 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 Loans is a registered credit provider in South Africa: NCRCP4849

Customer Reviews & Testimonials

August 2022

Our fridge packed up in the middle of summer, and there was no room in the budget to replace it. I found Unifi online, and they approved my R7,000 loan in minutes.

Richard G
— Upington —

July 2022

When I need a cash boost in a hurry, Unifi is where I get it. The website is easy to use and it's a fast turnaround time.

Kate F
— Nelspruit —

October 2022

I love that I got to choose how long I needed to pay back my Unifi loan. Everything was clear and upfront. I recommend this service to everyone.

Bongi M
— Durban —

Unifi Loans 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