Old mutual loan | How to Apply | Up to R200,000 | No collateral

Need a loan? Get one with old mutual loan. Here's how to apply and get up to R200,000 without collateral and a repayment period of up to 84 months with an amazing interest rates and loan disbursement takes place within 24 hours.

Old mutual loan

Old mutual loan is the oldest and well respected license financial services and registered credit provider in South Africa. Committed to providing personal loans and debt consolidation products that will give you financial freedom and can help you manage debt responsibly.

Old mutual is not just a loan platform that gives you a personal loan to help cover an unforeseen emergency, they also has other products such as a money account that helps you grow your account and also an insurance plan that helps protect you from any financial loss or death.

Table of Contents
  • Old mutual loan qualifications
  • Old mutual personal loan requirements
  • How to apply
  • Interest Rates
  • Old mutual loan calculator
  • How to pay back old mutual loan
  • Old mutual contact details
  • Old mutual loan review
  • Conclusion.

Who qualifies for old mutual loan

  1. You need to be a South African citizen.
  2. You must not be lower than 18 years or above the age of 60 years.
  3. You need to be earning at least R2,500 per month.

Note: Once you find yourself being qualified for old mutual loan in South Africa. Then you have to provide these following requirements below to in order to safely apply for a loan.

Old mutual loan requirements

Before you qualify for old mutual loan, you must have these requirements:

1. Bank Statement of Account

Before you apply for old mutual loan, you need to upload your recent three months bank statement of account indicating three consecutive monthly salary deposits.

2. Valid means of identification

In order to verify your identity, you need to provide a valid South African identity document (ID).

3. Payslip

You need a current payslip not older than one month.

4. Bank details

You need to provide your bank details in order for loan disbursement to take place.

5. Email address

You need to have an email address before you apply for a loan because old mutual might sent you an email message for verification. If you don't have one click here to know more about email address and how to create one.

How old mutual loan works

Old mutual works in they following ways:
  • A minimum loan term of 3 months and a maximum of 84 months.
  • To apply for a loan over a period of 3 - 12 months, you need to be permanently employed at the same employee for at least 12 months.
  • You can borrow within R2,000 to R200,000 with a fixed interest rates.
  • Your loan interest rate applied is based on your personal credit profile/score.
  • Only individuals, not businesses, may apply for a personal loan.
  • Credit life insurance is only applicable on loans with a term of 12 months or more.

How to apply for a loan at old mutual

Old mutual loan

You can apply for a loan at old mutual via any of these following ways:

1. Online

Applying for a loan online with old mutual finance is easy. Follow these steps:
  • Visit old mutual website at oldmutualfinance.co.za and click on <apply><personal loan> or you can click here to easily take you to loan application form.
  • Fill out a loan application form.
  • Email or Fax your supporting documents.
  • Wait for a confirmation message from old mutual to confirm the outcome of your loan application.
  • Loan disbursement takes place within 24 hours if being accepted.

2. Through phone

Applying through phone is also much easier. Follow these instructions:
  • Contact old mutual customer care service on 0860 000 886 on Mon - Fri at 08h00 - 17h00 or Saturdays at 08h00 - 13h00.
  • Wait for an old mutual loan consultant representatives to walk you through the personal loan application.
  • Your loans will be disbursed if being accepted.

3. Through the branch

Follow these steps to apply for a loan through the old mutual branch:
  • Visit any old mutual branches near you or click here to find your nearest branch.
  •  Speak to any of it's friendly financial consultants, who will walk you through the loan application.
  • You will be required to bring along your loan requirements stated above.
  • Loan disbursement takes place immediately if being accepted.

Old mutual loan interest rates

Old mutual offers a maximum loan interest rates of 26.5% with term's ranging from 3 - 84 months. Your interest rates is calculated based on your personal credit profile. Please note a monthly service fee is applied to all loan accounts and is charged on a monthly basis.

A credit life premium is charged monthly and the premium is based on the rand value of your loan at the time of application. However you can check your loan interest rates through the old mutual loan calculator.

Old mutual loan calculator

Old mutual loan

Old mutual offers a fix interest rates on loan. Click on the old mutual loan calculator, select your loan amount and repayment term to know your loan interest rates.

How to pay-back old mutual loan

Old mutual financial services provider in South Africa will request for you to take out an insurance cover in case of unforseen circumstances that might lead to death or become disabled or are retrenched. Old mutual finance has arranged a policy through OMART, which is an old mutual insurance company.

You can either take this policy or provide your own policy when you apply. Please note, not any policy will be accepted by old mutual finance. It must be a policy that provides at least the same protection to you and old mutual finance.

However it must cover at least the outstanding balance in the case of death, or permanent disability, if you are temporarily disabled it must cover the instalments for 24 months and if you are retrenched. It must also not have unreasonable exclusions or waiting periods.

Old mutual loan contact details

For more enquiry or complain, contact old mutual customer service on 0860 445 445 from Mon - Fri at 08h00 to 17h00 and Saturdays at 08h00 to 13h00. Or you can reach out to them by sending a mail at OMFComplaints@oldmutual.com

You can also click here to view other contact details at old mutual financial service.

Old mutual loan reviews

Old mutual financial service is a legitimate and well respected loan providers in South Africa. They gives out loans to individuals to take care of urgent or personal needs and wants which can not be solved by depending on savings.

They gives you fund's up to R200,000 with terms ranging from 3 - 84 months without collateral or a guarantor. So feel free to apply for a loan with them and be rest assured that all your personal data you share with them are secured and can never be revealed to any third party.


When you apply for a loan at old mutual, try to repay on time to avoid being penalized or being reported to the national credit authorities.

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