Get the loan not the stressGet a Personal Loan for that emergency expense or that
once-in-a-lifetime opportunity.

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Old Mutual Personal Loan

The day your fridge stops working is never the same day you get a surprise work bonus, and business opportunities don't come knocking only when you have spare money to invest. That’s where an Old Mutual personal loan can help you. Borrow up to R250 000 for unexpected emergencies or opportunities. Pay it back in fixed amounts over a time period that works for you.
Why get a loan from Old Mutual

It's quick, affordable, and easy to understand.

You’ll have options

Old Mutual loan up to R250 000 with a repayment term over 3 - 60 months.

Borrow no more than you can afford

All personal loans applications are subject to an assessment to determine your affordability. Our aim is to only grant loans on terms that you can afford.

We’re transparent

We show you how your loan works and explain how loan term affects the cost of a loan.

A woman speaks to a financial adviser and asks questions about personal loans in South Africa.
Do the Math The amount you can borrow depends on various factors including your credit profile and affordability. Your disposable income – the amount left over after all your monthly expenses – should more than cover your monthly loan instalments. If you don’t already know how much that is, draft a budget and deduct all your monthly expenses (including other debt repayments) from your income. Remember to factor in accommodation, transport, food, education, and medical expenses. After that, you can use our personal loan calculator to work out the estimated monthly instalment on a loan of a certain size and loan term.
Details of your loan

Note: The results should be used as an indication only

How to apply for a personal loan

You can apply online, in a branch or over the phone.

What you will need:

  • A valid ID
  • 3 months’ bank statements
  • Your most recent payslip, as proof of employment
  • Be 18 years of older


A couple looks over the paperwork before they apply for a personal loan.

When to consolidate your debt with a loan

'Adulting' is just a fancy word for 'paying bills'. If you've got a few loans to pay off, you're not alone. The good news is that you can pull all your debt into a debt consolidation loan.

There are four benefits to consolidating your debt in a single loan:

  • With just one repayment every month, it’s easier to manage your debt
  • Having only one loan means paying only one monthly admin fee
  • You will have the opportunity to get rid of revolving credit that has stuck with you for years
  • You have the option to lengthen the time needed to repay your debt, lowering your monthly instalments

Note that even though lengthening your loan term can lower your monthly instalments, restructuring your debt this way will result in more interest and fees paid over the life of a loan.


A woman relaxes at home after deciding to consolidate her debt.
Things you should know about getting a personal loan

Some recommended reading to help you understand loans, credit and credit scores.

Need to know more?Take a look at our frequently asked questions.


    *The use of the online calculator is discretionary and calculations are estimates. Old Mutual Finance gives no warranty, express or implied, as to the accuracy of such estimates and does not accept any liability for loss or damage of any nature whatsoever, which may result from the use and/or reliance of estimates provided by the calculator All loans are subject to a full credit assessment.

    Old Mutual loan offerings are made available through Old Mutual Finance (RF) (Pty) Ltd, a Licensed Financial Services and Registered Credit Provider (NCRCP35)

    Payment options range from 3 to 60 months. Interest calculated monthly. A once-off initiation and admin fees apply. The maximum interest rate is 24.5% annually. *Representative Example: Credit of R5,000 borrowed for 3 months. Total interest payable over loan period: R291.09. Once off initiation fee: R649.75. Monthly admin fee R69. Total Amount Payable: R6,147.84.