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Old Mutual Personal Loan
Get flexible personal loans from R2,000 up to R250,000 with transparent fees, affordable fixed rates, and fast 24-hour payouts after approval.
Old Mutual’s personal loan is designed for South Africans seeking financial flexibility, with amounts available from R2,000 to R250,000.
Applicants can choose repayment terms between 3 and 72 months. The fixed interest rate (up to 29.25% annually) means your repayments will remain consistent over the loan period. Moreover, all costs are clearly communicated—from once-off initiation fees, to a monthly admin fee, making budgeting easier.
How to Apply for an Old Mutual Personal Loan
- Gather your documents (South African ID, latest payslip, 3 months’ recent bank statements)
- Apply online, in a branch, or via phone
- Old Mutual assesses your affordability and credit profile
- If approved, funds are usually paid out within 24 hours
Key Benefits
One of the strongest advantages is the flexibility in choosing your loan amount and term, giving you control over your monthly payment.
Transparency is prioritised; you see how interest and fees affect your total cost. Approval is often quick, with payouts usually in a day.
잠재적인 단점
There is a compulsory monthly admin fee, as well as once-off initiation costs, which can add to the total amount repayable, so applicants must budget carefully.
Credit life insurance is required for some loan terms, adding more cost over the duration of the loan.
우리의 평결
Old Mutual Personal Loan is ideal for those who appreciate clear, predictable installments and want to borrow responsibly. Its flexibility, speed, and clarity put it among South Africa’s top choices, but applicants should consider the additional fees when planning their budget.
