An Old Mutual Personal Loan can be applied online using the Old Mutual website or you can complete the call me back form and one of their consultants will call you back to start the application process. Old Mutual is one of South Africa’s leading financial service companies offering a range of financial products, like their hustle free personal loans which are manageable and affordable.
With an Old Mutual Personal Loan you can borrow from R2000 up to R250000 and the repayment term for a loan ranges between 3 months and 72 months, all personal loans have fixed interest rates, so that you’ll know how much you are going to pay throughout the repayment period. Old Mutual Personal Loan applications go through the affordability assessment in order to give you a loan offer that you can afford and manage and that will be determined by your financial status like your creditworthiness, expenses and salary.
Documents needed to apply for Old Mutual Personal Loan
The following information and documents will be needed when applying for a personal loan:
- Must have ID to show that you are a South African citizen
- Must be 18 years or older but not older that 60 years
- Must be earning a minimum of R2500 monthly
- Only customers who are permanently employed for 3 months can qualify and have a proof of employment in a form of Payslip
- Having a good credit score is crucial because that can help you increase your chances of securing a loan
Here is how to apply for the Personal Loan
There are many ways to apply for an Old Mutual Personal Loan, when you meet all the requirements and you have all the needed documents mentioned above you can simply apply for a personal loan online using Old Mutual website, complete a call me back form and one of the consultants will call you back to start the application process or you can give them a call on : 0860 000 866.
If your Old Mutual personal loan gets approved your money will be paid into your bank account within 24 hours and repayment will take place 14 days after your salary payment.
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