Old Mutual Consolidation Loans
Old Mutual Loans

Money Plan allows you to consolidate your debt, combine it into one plan and pay a lower instalment. It also allows you to reduce your finance charges and increase your available cash.

My Money Plan is Old Mutual Finance’s flagship product which also provides you with regular cash payouts when you need them most.

  • 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 be employed for at least 12 months at the same employer.
  • The interest rate applied will be determined by your credit score.
  • Only individuals can apply for a consolidation loan.
  • You must be older than 18 years of age.
  • 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.

By admin