Old Mutual is one of South Africa’s forefront financial services providers. In addition to investment services, Old Mutual also provides personal loan solutions.
The institution’s flagship product, My Money Plan, is designed to suit each individual’s financial needs.
Tell me more about Old Mutual Loans?
My Money Plan:
This is a debt consolidation solution designed to help individuals get out of debt faster. Multiple debts are combined and a single lower instalment is paid monthly instead. This is at a lower interest rate and increases available cash for individuals. With this solution, you also get regular cash pay-outs from Old Mutual.
Up to R150 000 in finance is made available for consolidation purposes. The loan is repayable at a fixed interest rate and is repayable over a period of 60 months.
Up to R100 000 in finance is made available. Clients have 3 to 48 months to repay the loan, at a fixed interest rate- giving them the benefit of consistent monthly repayments. The interest rate charged is dependent on individual credit scores.
Credit life insurance is included, which means the loan is settled in the event of death, critical illness or disability.
Once you are approved for the loan, you will be able to renovate your home, buy a new car or pay for unforeseen medical expenses.
You can simply apply online or call Old Mutual here: 0860 000 886
What do you need to qualify?
- Be employed for at least 12 months at your current job
- Be above the age of 18 years
- The repayment term must end before the age of 60 by not less than 12 months
- Be a South African citizen
- Have a valid South African ID
- Provide a payslip no older than 1 month
- Provide latest 3 months’ bank statements