Does Old Mutual Offer Loans to Blacklisted

Old Mutual Finance is committed to providing personal loans and debt consolidation products that allow for the responsible use of credit as part of a structured financial plan. Too many South Africans fall prey to loan sharks. The loans they get from these unscrupulous lenders are not designed around their situations and have high repayments. old mutual

Does Old Mutual Offer Loans to Blacklisted

There are no Old Mutual loans for blacklisted individuals, Old Mutual Finance loans are made to meet the financial needs of each individual, helping them achieve financial freedom and escape the bad debt trap.

Does Old Mutual Offer Loans to Blacklisted

The My Money Plan allows you to consolidate debts, combine them into a single plan and pay a lower premium. It also helps you lower your finance charges and increase your available cash. Talk to us to find the right loan for you.

How Does It Work

Minimum loan term of 3 months.
Maximum loan term of 48 months.
Qualify for a personal loan of up to R100,000.
The fixed interest rate at the time of the personal loan application.
You must be employed for at least 3 months with the same employer.
The interest rate applied will be determined by your credit score.
Only natural persons can apply for a personal loan.
The requirements

To Apply for My Personal Loan You Must Be 18 Years Old

The term of your My Personal Loan contract must end before the age of 60 with a minimum term of 12 months.
You must have a valid South African ID (green, barcode, 13 digits).
You must provide a current payslip not older than 1 month.
You must provide consecutive bank statements for the last 3 months.

Does Old Mutual Offer Loans to Blacklisted

With an Old Mutual Personal Loan, you can borrow as much as R250 000 which could be paid back over 3-72 months.
If you have suffered a blacklisting in the past, there is still a possibility that Quick Consolidation Loans could assist you, but it is still better if you can avoid being blacklisted in the first place.
Secured, co-signed and joint loans are the easiest to get with bad credit. A secured loan requires collateral like a car or savings account, which the lender can take if you fail to repay. A co-signed or joint loan requires you to add someone with better income and credit than you to the application.
The simplest way to clear your name from the credit bureau is to pay off the debt. According to TransUnion, one of South Africa’s biggest credit bureaus, this will usually result in your name being removed from the blacklist within 7 – 20 days.
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