Old Mutual Consolidation Loans 2025
Consolidate your debts with Old Mutual's comprehensive loan solutions. Get rates from 12%, borrow up to R300,000, and enjoy exclusive member benefits including insurance protection.
Old Mutual Advantages
Exclusive Member Benefits
Reduced Interest Rates
Members get preferential rates on loans
Waived Fees
Some initiation fees waived for members
Insurance Discounts
Reduced premiums on optional insurance
Fast-Track Approval
Quicker processing for existing members
Flexible Terms
More flexible repayment options
Rewards Points
Earn rewards on loan payments
Choose Your Old Mutual Loan Product
Old Mutual Personal Loan
Flexible personal loan for debt consolidation
Old Mutual Money Account Credit
Revolving credit facility with competitive rates
Old Mutual Greenlight Loan
Premium loan for high-income earners
Old Mutual Personal Loan - Detailed Information
Key Features
- Competitive interest rates
- Flexible repayment terms
- Quick online application
- Member benefits available
- Payment protection cover
Cost Breakdown
Eligibility Requirements
- South African citizen
- Minimum age 18 years
- Minimum income R6,000
- Permanent employment
- Valid bank account
Old Mutual Consolidation Features
Debt Consolidation Service
Old Mutual pays your creditors directly
Financial Wellness Support
Access to financial planning advice
Insurance Protection
Optional payment protection insurance
Flexible Payment Dates
Choose your monthly payment date
Online Account Management
24/7 access to your loan account
Early Settlement Options
Pay off your loan early if possible
Calculate Your Potential Savings
Your Current Situation
Potential Savings
Old Mutual Product Comparison
| Feature | Personal Loan | Money Account | Greenlight |
|---|---|---|---|
| Interest Rate | 14% - 28% | 15.5% - 21% | 12% - 24% |
| Max Amount | R250,000 | R200,000 | R300,000 |
| Min Income | R6,000 | R8,000 | R20,000 |
| Max Term | 84 months | 72 months | 84 months |
| Monthly Fee | R69 | R57 | R75 |
| Target Market | General public | Money Account holders | High earners |
Application Process
Pre-Application Check
Use Old Mutual's online calculator to check eligibility
Complete Application
Fill out the comprehensive loan application
Document Upload
Submit supporting documentation online
Credit Assessment
Old Mutual reviews your application
Loan Disbursement
Funds transferred to your account
Expert Tips for Old Mutual Applications
Member Benefits
Become an Old Mutual member to access preferential rates and benefits
Income Requirements
Ensure your income meets the minimum requirements for your chosen product
Credit Score
Check your credit score before applying - higher scores get better rates
Documentation
Have all required documents ready to speed up the application process
Insurance Options
Consider payment protection insurance if you have irregular income
Early Settlement
Ask about early settlement penalties before signing the agreement
Frequently Asked Questions
How do I become an Old Mutual member to get benefits?
You can become an Old Mutual member by opening a Money Account, taking out insurance, or investing with Old Mutual. Members automatically qualify for preferential rates and benefits.
What is payment protection insurance?
Payment protection insurance covers your loan payments if you're unable to work due to illness, injury, or job loss. It's optional but provides peace of mind for your financial commitments.
Can Old Mutual pay my creditors directly?
Yes, Old Mutual offers a debt consolidation service where they pay your creditors directly once your loan is approved. This ensures all your debts are properly settled.
What's the difference between the Money Account and Personal Loan?
The Money Account offers revolving credit (like a credit card) where you only pay interest on what you use. A Personal Loan is a fixed amount with set monthly payments over a specific term.
How long does the application process take?
The application process typically takes 3-5 business days from submission to approval. Existing members may receive faster processing, sometimes within 24 hours.
Important Information
Before You Apply
- • Consider becoming a member for better rates
- • Check your credit score and history
- • Calculate total consolidation costs
- • Review insurance options available
- • Prepare all required documentation
Contact Old Mutual
- • Phone: 0860 60 60 60
- • Online: www.oldmutual.co.za
- • Email: info@oldmutual.com
- • Branch: Visit any Old Mutual branch
- • Hours: Monday-Friday 8AM-4:30PM
Disclaimer: Interest rates and terms are subject to change and approval. All applications are subject to Old Mutual's credit assessment. Member benefits apply to qualifying members only. This information is for general guidance and does not constitute financial advice.