광고
Old Mutual Personal Loan
Loans from R2,000 to R250,000, flexible 3-72 months terms, competitive fixed rates up to 29.25% per annum. Quick approval and transparent costs.
Old Mutual’s Personal Loan offers South Africans a flexible credit option. Borrowers can access between R2,000 and R250,000 with repayment terms from 3 up to 72 months. The maximum fixed interest rate is 29.25% per year, and your actual interest is determined by your creditworthiness and affordability.
All loans are subject to a straightforward application assessment. There’s a once-off initiation fee and a monthly admin fee, providing full cost transparency upfront. The goal is to make repayments manageable and to only lend what you can afford.
How to Apply for the Old Mutual Personal Loan
Applying is quite simple:
- Make sure you’re 18+, a South African citizen, and earning at least R2,500 a month.
- Prepare your valid ID, latest payslip, and 3 months’ recent bank statements.
- Submit your application online, at a branch, or telephonically.
- Wait for the affordability check and approval process.
- Once approved, funds can be deposited within 24 hours.
주요 장점
Old Mutual’s loan stands out thanks to flexible options – whether you need cash for an emergency, home upgrades, or consolidation, there’s an affordable term to suit you. The transparent fee structure means no hidden surprises.
Quick disbursement and a wide application network make the process convenient. Borrowers appreciate the straightforward criteria and user-friendly online tools for estimating instalments.
잠재적인 단점
While the initiation and admin fees are disclosed upfront, they can push up the cost of smaller short-term loans. A high maximum interest rate may apply if your credit profile isn’t strong.
Strict employment and documentation requirements mean freelancers and informal earners may not qualify. Applicants must also stay with the same employer for at least three months.
우리의 평결
The Old Mutual Personal Loan provides peace of mind with regulated terms, clear costs, and varied borrowing options. If you meet the requirements and need affordable medium to large personal finance, it’s well worth considering. Just be sure to compare total costs and check your eligibility first.
