South Africa’s financial sector is owing to the increase in the number of firms that offer instant loans to the general public. Old Mutual is one such institution that has joined other firms with the thrust of offering help to those in need.
The firm was designed to provide fast cash to address your problems? If you are in need of instant cash, International investment, savings and banking group, Old Mutual, offers personal loans designed to match your needs.
One important factor to take into account is that this financial etablishment is not different from other facilities offered by other institutions it also because it also carry high interest rates merely because the loan is unsecured meaning that the borrower does not put any collateral or security to guarantee the repayment of the loan.
Founded in 1845, Old Mutual’s personal loans offer clients the liberty to use the money in any way they want. Applications can be done online or by alternatively calling the giant creditor on 0860 000 886.
How does it work?
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Minimum loan term of 3 months
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Maximum loan term of 48 months
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Qualify for a personal loan of up to R100 000
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Fixed interest rate at the time of the personal loan application
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You need to be employed for at least 3 months by the same employer
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The interest rate applied will be determined by your credit score
How does one qualify for this loan facility?
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You have to be 18 years of age and above for you to qualify
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The term of your personal loan agreement must cease prior to the age of 60 with a minimum term of 12 months
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You must have a valid South African ID document
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You must provide a current payslip not older than one month
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You need to provide consecutive bank statements for the last three months