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  • Personal Loans up to R180,000
  • Tailored Personal Loans
  • Repayment up to 72 months

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uBank homepage
Author uBank. Screenshot of uBank website.
[Accessed May 5, 2023]

About uBank

Teba Cash Financial Services, now known as uBank, was founded in 1975.

uBank was established to serve the mining community and their families by offering basic financial services.

From savings funds to a commercial bank

uBank’s basic services included the payment of funds to families situated in rural areas by using a linked account facility. With the establishment of the Godsell Motlatsi Commission in the 1990s, uBank transformed from a savings fund to a commercial bank.

A banking license was granted to the, then, Teba Bank in June of 2000. The bank however remained a trust at the time and was managed by trustees. The bank’s customers were the beneficiaries of the trust.

From humble beginnings to great achievements

2007 saw uBank adopt a new strategy, vision, and mission, paired with new values. This was the groundwork that saw uBank ultimately become the Worker’s Bank of Choice.

October of 2010 would mark the date of launch to the public and the name change, introducing the new and improved uBank.

The uBank promise to you

The promise uBank has made to its customers is a simple one. It’s a promise to better the lives of its customers by striving for the following:

  • To partner with communities
  • Empowerment and education for the achievement of financial success
  • To look after relationships built on listening, work, and communication
  • Incorporating the concept of Ubuntu

uBank is 100% committed to its clients with more than 40 years of experience in the industry. It’s proudly 100% black owned.

Invested in the community

uBank has a strong desire to improve the quality of life of the communities they operate in. They aim to achieve this by investing in sustainable solutions like education and development programs.

uBank Services

uBank prides itself on delivering outstanding customer service. Their products are up-to-date and innovative and bring convenience. Offering a wide range of services and products, uBank is a one-stop shop for all your financial needs.

A tailored personal loan

uBank offers a personal loan that’s as unique as you are. This loan option allows you to customise aspects thereof to suit your needs.

The personal loan amount depends on your borrowing power established by your credit score and affordability. Interest rates are variable and linked to the prime rate.

The total loan amount to be repaid will consist of a once-off initiation fee, a monthly service fee, a credit life assurance fee, and the interest charged.

The uBank loan calculator

The uBank loan calculator puts the power in your hands. Use the sliders to indicate the desired loan amount and repayment term. You’ll be presented with an estimate of what you can expect to repay and a breakdown of the fees involved.

Using the loan calculator will allow you to manage your money better and gives you an indication of what you can borrow.

Get covered with credit life assurance

The credit life assurance plan gives you peace of mind. When faced with unforeseen circumstances, being covered is beneficial.

Should you pass away, become disabled or suffer a loss of income due to retrenchment, the credit life assurance plan will cover your outstanding loan and lighten the financial burden.

The credit life assurance plan is underwritten by Hollard. In the event of a temporary loss of income, Hollard will pay your loan instalments to uBank for a maximum of 12 months.

Everyone needs a funeral policy

Working in collaboration with Hollard, uBank offers you a funeral plan with the following benefits:

  • Family benefit
  • Premium waiver
  • Accident benefit
  • Memorial benefit
  • Monthly provider benefit

uBank – Personal Loan

  • Loan Type Personal Loans
  • Loan Amount up to R180,000
  • Repayment 1 month to 72 months

Benefits of uBank

  • Quick access to funds
  • Flexible repayment terms
  • Quick online loan application

Personal Loan calculator

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

Unlock your financial future with a uBank personal loan

Accessing a personal loan from uBank is convenient, fast, and super-easy. The loan amount is subject to affordability and you’re able to adjust the payment terms to suit your needs.

Applying for a uBank personal loan will require you to have your FICA documents on hand. 

Documents required to apply

  • Any proof of your current physical address
  • ID document/smartcard/valid passport/work permit
  • The last 3 months’ bank statements
  • Your latest payslip

As with any other financing service, the personal loan from uBank has some requirements you’ll need to meet before you’re eligible to apply.

These requirements are minimal and include:

  • You need to be 18 years old but not older than 65
  • A steady income is required
  • You’ll need a bank account
  • Consent to affordability checks

Your 4-step guide to financing

  1. You’ll navigate to the uBank website where you’ll use the loan calculator. Indicate the desired loan amount and repayment terms by moving the sliders. A breakdown of your total costs and monthly instalments will be displayed in real-time.
  2. When you’re satisfied with the quote, you’ll hit the apply now button and complete the online application. The application requires information regarding your finances to calculate affordability. You’re required to submit your completed personal loan application accompanied by the relevant documentation.
  3. Once submitted, you’re information and income are verified.
  4. The necessary checks are done and as soon as information verification is completed and the personal loan approved, you can expect the money to be paid to you on the same day.

Reasons to apply for a uBank personal loan

  • Tailored repayment period
  • Online banking
  • Access funds immediately after approval
  • Easy to apply for
  • Empowering communities
  • Safe and reliable
  • More than 40 years of experience

Choose a uBank personal loan that suits you

Not many loan options are as tailorable as the uBank personal loan. They give you the power to decide what works best for your unique needs.

You’re financial well-being matters to them and they strive to present you with responsible and up-to-date services and products that are sustainable.

man holding thumbs up

uBank is a trusted & reliable provider of personal loans

In our review, uBank 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.

✅ uBank is a registered credit provider in South Africa: NCRCP21

uBank Contact

Physical Address

Postal Address

  • Private Bag X 0030, Halfway House 1685, South Africa

Opening Hours

  • not available