Old Mutual Loans for Blacklisted People
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 and the loans they get from these unscrupulous lenders aren’t designed around their situations and have high repayments.
Although there is no Old Mutual loans for blacklisted people, 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.
The 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.
- How it 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.
The 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.
