Ubank — One Stop Financial House

Flexible cash loans are the anchor around which the micro-finance sector is anchored. Within underdeveloped communities, the role of micro-finance institutions provides the credit access and financial services needed to develop.

Micro-finance institutions fill a needed gap within the financial services industry by offering small loans or micro loans, to people unable to access conventional loan services. Within any society, financial services provide a means for people and businesses to obtain credit and manage available assets on a continuous basis. One institution which is playing this role is Ubank.

Established in 1975, Ubank is a South African bank operating in the micro-finance sector. Its main focus is in the mining sector and lower income blue collar worker. In this light, Ubank has a strong presence and customer accessibility, mainly in selected mining and rural communities. Ubank is proud of its long association with the mining industry, including mineworkers, mining companies, the National Union of Mineworkers and the Chamber of Mines who have played a significant role in the development of the bank. Ubank is driven by a social consciousness that states that customers are owners and the bank exists to serve them through the provision of financial services. Ubanks product bouquet is divided into transaction accounts, debit cards, lending products, savings, funeral plan products and cellphone banking.

A transaction account is designed around your needs.This implies that its an easy, convenient and flexible account that offers you a debit card to access your money, its easy to open the account and you don’t need to have a payslip or be formally employed, you can get your statements at the branch or by calling the Ubank call centre.The good news is the debit cards are issued with VISA. Lending products are divided into personal and home loans.

Savings account allows you to save for rainy days, your childs education or just a special occasion. Its fixed deposits with 32 day notice. Ubanks funeral plan options give you the peace of mind for you and your family during traumatic funeral moments. For a small monthly payment, you or your familys funeral arrangements are taken care of in the event of death.

Ubank can be contacted on 0860008322