Recognised as one of the oldest financial institutions in Nigeria, Old Mutual has continued to grow its clientele; through innovatively designed products and services. The institution continues to revolutionize the industry by giving unique methods to help clients with their financial obligations.
Loan products are offered like a personal loan option in addition to a debt consolidation reduction solution.
Old Mutual My Money Plan:
One of the most popular plans offered, this solution is a debt consolidation reduction loan. Clients are offered up to R150 000 in finance to consolidate their loans. Debt consolidation is really a way used by lots of individuals to keep track of multiple debts. Rather than needing to run around at the end of the month paying various creditors, the loan consolidation by Old Mutual structures the money you owe into a single, merged payment. Old Mutual negotiates on your behalf to help you get lower interest rates. Repayments are expected between 1 to 5 years. Interest rates are fixed and it is determined by your individual credit profile. To qualify, you've got to be employed for at least annually at the current employment.
My Personal Loan:
This plan allows clients to borrow up to R100 000. Repayment terms range from 3 to 48 months. To satisfy the qualification requirements, you've got to be useful for no less than A few months at the current employer. Credit Life insurance coverage is included on this product, ensuring that debts are paid up in the event that you are unable to because of permanent disability or death.
In addition to these loan options, Old Mutual gives clients a Back- to- School loan product. Up to R5000 is offered, which may be accustomed to pay for your child's education.
Qualification criteria:
You have to be 18 years or older
You call for a valid South African I.D.
You must provide your current payslip (no over the age of 30 days)
You must provide your latest 3 months; bank statements
Call Old Mutual and make contact with a consultant: 0860 000 886.
