Old Mutual’s Personal Loan offer is well-suited for South Africans seeking amounts up to R250 000. Repayment periods range from 3 to 72 months, and you can conveniently estimate repayments with Old Mutual’s online calculator before applying.

Interest rates are competitive, capped at a maximum of 28% annually, with a transparent breakdown of fees, such as once-off initiation and monthly admin fees. Payments are fixed, making it easier to manage budgets and financial planning over the loan term.

How To Apply: Step-by-Step

• Choose your desired loan amount and term using the online calculator
• View your estimated monthly instalment
• Submit your personal and financial details through a secure online form
• Complete the application and upload necessary documents
• Wait for credit assessment and feedback from Old Mutual

Key Advantages

Old Mutual stands out for flexibility, offering large and small loan amounts. Their calculator makes planning simple, allowing you to clearly see instalment scenarios ahead of time.

Repayment terms cover a wide range of durations, giving customers options to tailor the loan to their unique needs and lifestyles, without hidden fees.

Consider The Downsides

While interest rates are competitive, the maximum can reach 28%, which may be costly for those with lower credit scores.

Additionally, extending the loan period results in higher total interest and fees paid over time, so loans should be selected with care.

Our Verdict

Old Mutual Personal Loans offer a transparent and easy application process, flexible amounts, and wide repayment options, making it a strong consideration for South Africans needing quick funds or debt consolidation.