My Money Plan loan – Old mutual is a financial institution which has contributed and become part of the strong foundation on which the South African economy thrives. The diversity of products and services offered also enables Old mutual to meet the financial and economic needs of millions of clients. From long-term savings and investments, banking, insurance to asset management, Old mutual is the reliable solution provider. One of the leading products to come out of Old mutual is the My Money Plan.
My Money Plan is a product offering that allows a client to consolidate debt by combining different loans into one. This enables a client to pay lower overall instalments, it helps reduce finance charges which consequently leads to increased available cash for individuals and families.
The my money plan enables clients to qualify for a consolidation loan of up to R120,000 with repayment periods running between 1 to 60 months. This facility comes with fixed interest rate at the time of application but the interest rate applied will be determined by the client’s credit score.
To qualify for the Old mutual my money plan, a prospective client needs to be 18 years of age, be a resident of South Africa, have a valid South African ID, provide a current payslip which is not older than 1 month, provide consecutive bank statements for the last 3 months, the term of the my money plan agreement must cease prior to the clients 60th birthday with a minimum term of 12 months.
For this unique credit facility, Old mutual can be contacted on 0860445445.