Why You Should Not Get Loans, Personal Loans, Or Apply For A Loan

Loans From Old Mutual

Old Mutual Finance is committed to providing personal loans and debt consolidation products that enable the responsible use of credit as part of a structured financial plan. Too many South Africans fall prey to loan sharks. The loans they get from these unscrupulous lenders aren't designed around their situations and have high repayments.

Old Mutual Finance's loans are made to suit each individual's financial needs, helping them to achieve financial freedom and escape the trap of bad debt.

Our flagship product, My Money Plan allows you to consolidate debt, combine it into one plan and pay a lower instalment. It also helps you reduce your finance charges and increase your available cash. Speak to us to find the loan that is right for you.

• My Money Plan
  My Money Plan is Old Mutual Finance's flagship product that allows you to consolidate your debt, combining it into one plan so that you pay a lower overall instalment. This allows you to reduce your finance charges and increase your available cash, as My Money Plan also provides you with regular cash payouts when you need them most.
  
  Speak to us for more information about My Money Plan. You can contact our call centre on 0860 000 886. Or simply SMS your name to 41575 and one of our financial consultants will call you back to gladly assist you with a personal loan or debt consolidation.
  
  How It Works
  Qualify for a consolidation loan of up to R120 000.
  Minimum term of 1 month.
  Maximum term of 60 months.
  Fixed interest rate at the time of the application.
  You need to have been employed for at least 12 months at your current job.
  The interest rate applied will be determined by your credit score.
  
  Only individuals can apply for a consolidation loan.
  
  Their Requirements
  To apply for My Money Plan you have to be 18 years of age.
  The term of your My Money Plan agreement must cease prior to age 60 with a minimum term of 12 months.
  You need to be a resident of South Africa.
  You must have a valid South African ID document (Green, bar coded, 13 digit).
  You must provide a current payslip no older than 1 month.
  You need to provide consecutive bank statements for the last 3 months.
  
  What You Need To Do
  Always pay your monthly consolidation loan instalment.
  Speak to us before you approach other lenders.
  Tell us if you change bank accounts.
  
  
• My Personal Loan
  My Personal Loan gives you complete freedom of choice. Whether you want to:

1. Renovate your home.
2. Buy a new car.
3. Pay for unforeseen medical expenses.
4. Or buy that flat screen TV.
   
   You decide how to use your Personal Loan.
   
   Call us on 0860 445 445 for more information on My Personal Loan, SMS your name to 41575 and one of our financial consultants will call you back to gladly assist you with a personal loan or debt consolidation or visit us at a branch nearest to you to apply for My Personal Loan.
   
   How It Works
   
5. Minimum loan term of 3 months.
6. Maximum loan term of 48 months.
7. Qualify for a personal loan of up to R100 000.
8. Fixed interest rate at the time of the personal loan application.
9. You need to be employed for at least 3 months at the same employer.
10. The interest rate applied will be determined by your credit score.
11. Only individuals can apply for a personal loan.
    
    Their Requirements
    
12. To apply for My Personal Loan you have to be 18 years of age.
13. The term of your My Personal Loan agreement must cease prior to age 60 with a minimum term of 12 months.
14. You must have a valid South African ID document (Green, bar coded, 13 digit).
15. You must provide a current payslip no older than 1 month.
16. You need to provide consecutive bank statements for the last 3 months.
    
    What Do You Need To Do?
    
17. Always pay your monthly consolidation loan instalment.
18. Speak to us before you approach other lenders.
19. Tell us if you change bank accounts.