Old Mutual Personal Loans product called My Personal Loan is Old Mutual’s flagship product in micro finance. It allows you to borrow up to R100 000 qith a maximum term of up to 48 Months.

How Old Mutual My Personal Loan Works

• Minimum loan term of 3 months.
• Maximum loan term of 48 months.
• Qualify for a personal loan of up to R100 000.
• Fixed interest rate at the time of the personal loan application.
• You need to be employed for at least 3 months at the same employer.
• The interest rate applied will be determined by your credit score.
• Only individuals can apply for a personal loan.

Old Mutual Personal Loan Requirements

• To apply for My Personal Loan you have to be 18 years of age.
• The term of your My Personal Loan agreement must cease prior to age 60 with a minimum term of 12 months.
• 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.