Old Mutual has an extensive history of providing South Africans with quality and affordable insurance and financial services. Their products and services are unique and specifically designed to cater to individual financial needs. Products are also created with the intent to give clients flexible solutions and convenient access to cash.
What types of loans and insurance products are offered?
iWYZE offers all the insurance cover needed to suit your budget. iWYZE offers insurance cover for cars, homes, general and specified valuables, motorcycles, watercrafts, trailers and caravans, as well as personal liability and legal insurance.
Old Mutual loans are offered while upholding the principle of responsible lending. The institution encourages individuals to borrow funds they will be able to repay comfortably. Old Mutual loans are designed to help individuals achieve financial freedom.
The My Money Plan allows individuals to consolidate their debt and pay a lower monthly instalment. Interest charged is lowered, thereby giving individuals access to more cash. Debt of up to R150 000 may be consolidated on this plan. The loan term is from 1 to 60 months.
Personal loans from Old Mutual are offered up to R100 000 and clients are given 3-48 months to repay. Credit Life Insurance is included.
The application process is simple, as individuals can apply online by visiting www.oldmutual.co.za or by calling 0860 000 886. Applicants can also fill in an online call-back request form. Old Mutual will conduct a credit check.
A personal loan may be useful for renovating a home, buying a new car or even paying for unforeseen medical expenses. To qualify, you need to be at least 18 years of age, provide a valid South African ID, as well as a current payslip no older than 1 month. You also need to provide consecutive bank statements for the last 3 months. The interest you are charged will be determined according to your credit score. You’ll also need to be employed for at least 3 months at the same employer.
Old Mutual ensures clients fully understand the loans process, terms and obligation to pay back the loans.