Old Mutual loans – It is said that experience is a good teacher. In any sphere of life, the experience, knowledge, skills, wisdom gathered through years of experiencing something is priceless, the world of business is not exempted in this regard. In the financial market, its difficult to look beyond one renowned and esteemed brand when it comes to having the experience, knowledge, skills and deeper market insights of what it takes to understand market demands, innovatively create suitable products and services and meet client needs. Old Mutual is the name associated with all these business attributes.
In its quest to meet market and individual financial and credit demands, Old Mutual introduced my personal loan credit platform. The Old Mutual personal loan is tailor-made for personal matters like car purchasing, unforeseen medical expenses, home renovations or even buying home equipment like a television set.
The Old Mutual personal loan offers individual clients credit of up to R100 000 and the repayment period is from a period of 3 months to a maximum of 48 months. The interest rate on this loan is determined by an individuals credit score but it’s definitely a fixed rate at the time of the personal loan application.
Like any product or service offered by Old Mutual, there are requirements to qualify for the personal loan. A prospective client needs to have been employed for at least 3 months with the same employer, be 18 years of age, be in possession of a green South African identity document, present a current payslip not older than 1 month which should be accompanied by a bank statement for the last 3 months. Clients also need to note that the term for this personal loan agreement must cease before a clients 60th birthday with a minimum term of 12 months also applicable.