Old Mutual Personal Loans
Personal loans from R2 500 and up, flexible terms, super fast approval and the option to upload documents online to speed things up.
Old Mutual personal loans are tailored for South Africans who value rapid service, flexibility, and simplicity. Applicants can borrow sums starting from R2 500, as long as you meet the provider’s basic eligibility requirements. You’ll need to be a South African citizen, aged between 18 and 60, earning at least R2 500 per month, and employed for over three months.
The process is largely digital, letting you upload documents to speed up approval, but you are not penalised if you choose to skip this step. This design supports both quick assessments and user flexibility, ideal for those looking for funds in a hurry or wanting full control over their application journey.
How to Apply: Step-by-Step Guide
- Start the online application by confirming your eligibility.
- Fill in your personal, employment, and affordability details to generate a custom quote.
- Optionally, upload supporting documents to fast-track your assessment.
- Review your quote and accept if happy with the terms.
- Submit your application and wait for approval.
Advantages of Old Mutual Personal Loans
Old Mutual’s digital application is fast and designed with your convenience in mind, saving you time and reducing paperwork stress. Approval is often swift.
Uploading documents is optional but available for those wanting faster service, giving extra flexibility to the process. The loan also accommodates a wide range of customers.
Potential Drawbacks to Consider
Interest rates and final terms depend on your personal financial situation, so you may not always qualify for the lowest advertised rate. Conditions apply strictly.
Those who are self-employed or who earn below the minimum required salary will not qualify, potentially leaving out segments of the working population.
Our Verdict
Old Mutual Personal Loans stand out for their fast approval, flexibility in documentation, and an easy online process. They cater well to traditional employees who want efficiency and speed.