"Excuse My Loan" is a promotional campaign by Unifi Credit that rewards customers with up-to-date, active, or paid-up accounts by completely forgiving their outstanding loan balances. It is an, ongoing initiative used in Zambia and South Africa to reduce financial stress.
What is “Excuse My Loan”? It's a special Unifi campaign where we randomly select clients with up-to-date payments and completely excuse their full loan balance. No forms, no catch, just a big “thank you” from us.
If you have stellar credit, you could secure the lowest interest rate available, which is often much less than a credit card. Other common personal loan uses include: Emergency expenses, like medical bills or urgent car repairs. Home improvements or major repairs.
The loan principal is not solidified until the employee fulfills a minimum retention period, and sometimes even achieves certain performance objectives. Once these requirements are met, the loan principal is forgiven, meaning you don't have to pay it back.
Though it's a common myth, your debt doesn't disppear after seven years of nonpayment. Most debts drop off of your credit report after seven years, but in many cases, you'll still be on the hook to repay the debt.
Loan forgiveness eligibility varies but generally covers public servants (PSLF), those with disabilities, borrowers on Income-Driven Repayment (IDR) plans reaching time milestones (20/25 years), or those qualifying for newer broad forgiveness initiatives based on income and Pell Grant status, often through programs like the SAVE Plan or specific Education Department actions. Key paths include working for government/non-profits (PSLF), proving total disability, or making consistent payments for years under IDR plans.
"I forgot to pay that bill again."
If you mention that a few bills slip your mind here and there, it may create some concern. Even if you don't say anything, those bills will show up on your credit report. This is a fast-track to getting your loan denied.
Personal loans are taken out for many different reasons - from wedding expenses to paying for a special holiday – but if you're not honest on the application you run the risk of the loan being called in at a later date.
How to get a personal loan without income proof in India
Loans from Unifi must be settled by the agreed date. Failure to settle loans shall lead to the following: Interest on overdue amounts. Bank direct debits/payroll collections.
UniFi provides a suite of software applications that work in tandem with UniFi devices to collectively enable end-to-end IT device management. The applications and their related devices include: Network – Gateways, WiFi access points, and switches with SD-WAN capabilities for efficient traffic routing.
When will I get the money? If you chose Superfast, our automatic bank statement sharing option, you should get your cash in the next few hours. If you manually uploaded or emailed your documents, it could take up to 24 hours. Manually uploaded your proof of income and want to get your cash faster?
Debt doesn't usually go away, but debt collectors have a limited amount of time to sue you to collect on a debt. This is called the “statute of limitations,” and it usually starts when you miss a payment on a debt. After the statute of limitations runs out, your unpaid debt is considered “time-barred.”
For most debts, the time limit is 6 years since you last wrote to them or made a payment. The time limit is longer for mortgage debts. If your home is repossessed and you still owe money on your mortgage, the time limit is 6 years for the interest on the mortgage and 12 years on the main amount.
Ask for a reduced, lump-sum payment.
In some instances of serious financial hardship, your lender or credit card provider may be willing to settle your outstanding balance for less than what you owe — provided you can offer them a large lump-sum payment.
A debt doesn't disappear but becomes "time-barred," meaning creditors can't legally sue you after the statute of limitations expires, typically 3 to 6 years (sometimes longer) depending on the state and debt type, though they can still try to collect; making payments or promises can reset this clock, and debts generally stay on credit reports for 7 years.
Loans for blacklisted at Capitec are essentially designed to help you reach your personal and financial goals, whether that's buying a home, advancing your education, or consolidating debts.