How much do you want to pay back each month? You simply use it as outlined above to find out if the consolidation loan you want can give you affordable monthly payments and a lower total cost. Get up to R250 000 over 1 – 84 months. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. 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. Whether you’re an Old Mutual client or not, as a South African resident your access to your retirement annuity is severely limited before you reach the age of 55, and even once you’ve retired, you can’t cash in the full amount. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. Total interest & fees paid (approx)R12,076, Total interest & fees paid (approx)R8,188, Total interest & fees paid (approx)R8,980, Total interest & fees paid (approx)R9,484. That means you can use it as many times as possible for best results. Whether you want to renovate your home, buy a new car, pay for unforeseen medical expenses, or buy that flat screen TV, the choice of how to speed your personal loan is up to you. Results do not represent either quotes or pre-qualifications for a loan. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. This will help your credit score move in the right direction. Have a regular income of more than R4,000, bank statements and your SA ID? While CompareLoans.co.za attempts to make a wide range of products and providers available, it may not cover all the options available to you. Using the estimator can help you understand how this process works: The Old Mutual Consolidation loan calculator is the same as the personal loan one. What are the main features that make up this type of loan? For more information please see CompareLoans.co.za’s Terms of Use and Services Guide. Minimum and maximum loan periods vary between 1 months and 10 years. The mutual fund calculator shows the power of compounding your returns. The Old Mutual loan calculator allows you to know your monthly instalment before you apply for finance. Get more cashback on everything. If you want to know how the loan amount you could qualify for, then you need to visit the loans calculator. That way, you enjoy the freedom of using your Old Mutual personal loan without feeling trapped by your monthly repayments later on. Note: The results from this calculator should be used as an indication only. It has a link that takes you straight to the Old Mutual website where you can fill an application form. 1 You need to be at least 18 years old 2 You need to be earning at least R2 500 per month 3 The term of your loan must end before you turn 60 years of age You can apply for any personal loan online. Life isn't perfect. The amount that can be obtained goes from R 2000 to R 175 000. While CompareLoans.co.za attempts to make a wide range of products and providers available, it may not cover all the options available to you. Old Mutual Home Loan Calculator It is recommended for financing major one-off expenses, including home renovations or repairs, medical … The information published on CompareLoans.co.za is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you can afford the finance, you will be able to make all the payments in time. For more information please see CompareLoans.co.za's Terms of Use and Services Guide. Free loan calculator to determine repayment plan, interest cost, and amortization schedule of conventional amortized loans, deferred payment loans, and bonds. 1) if you want to take out a loan, you must be 18 years old or older. What Are Your Rights When You Are In Debt? Different terms, fees or other loan amounts might result in a different comparison rate. If you’re planning to use your Old Mutual loan for a holiday, wedding, home renovation, or any other expense you have the freedom to do so. Old Mutual offers personal loans up to R250 000 over a period of up to 60 months. They provide personal loan products that can free you from loan sharks with high repayments, catering for your individual financial requirements, designed around your life. The information published on CompareLoans.co.za is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. You’ll then use the money to pay off your debts, which leaves you with one monthly repayment, a single admin fee, and a longer term that offers … If you decide to apply for a product you will be dealing directly with that provider and not with CompareLoans.co.za. Maximum interest rate includes interest rate, service and initiation fees. Overall, it increases your chances of getting approved in the future. Choose between the amount you want, the monthly installment that suits your pocket, or the option that gives you the lowest interest rate. 3) Also, your repayment period should terminate before you’re 60 years old. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. Old Mutual Loan Calculator This is another service you will find available among Old Mutual online services. Specify your repayment period and amount according to your needs. Email: OMFComplaints@oldmutual.com; Phone: 0860 000 886; Website: https://www.oldmutualfinance.co.za; Loan requirements. CompareLoans.co.za recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. This article has everything you need to know about the Old Mutual Personal Loans Calculator. Credit is approved in minutes and the money is available immediately. The company has been in business for so many years. Enter the loan amount you would like to apply for and we will give you an indication of the various instalment amounts you could qualify for over select repayment periods As mentioned above, you can use the Old Mutual loan calculator to understand your loan application. But our focus is firmly on the future. Maximum interest rate based on a R30,000 loan over 60 months with a monthly repayment of R1,182.49. One way you can ensure this is by using our estimator. For example, if you and Old Mutual determine that the most convenient loan is the one offered by Absa, then you should know the specific documents requested by this bank. These rates can change without further notice. Old Mutual consolidation loans – If you have many debts, you can apply for an Old Mutual debt consolidation. By entering different terms or amounts, you can see how each decision will affect your monthly budget and future payments. Enter the loan amount you would like to apply for and we will give you an indication of the various instalment amounts you could qualify for over select repayment periods But, have you thought about how you will repay the money? Use the calculator and qualify for a loan up to R200 000. Old Mutual is focused on helping their clients the best they can. We’re an award-winning online investment platform, managing £62.5 billion of UK customer investments. MoneyShop find the best loan suited to your profile with SA’s top loan providers. CompareLoans.co.za provides factual information in relation to financial products. The specific details of your loan will be provided to you in your loan contract. Home Owners Policy - is a compulsory policy. Give this tool a try and find out how much it will cost you per month as you pay back your debt. Convert points into investments. It offers a variety of financial solutions options for retail customers or corporate clients. The second sliding tool lets you choose the length of your credit, which is measured in number of months. This will guide you to the best loan you deserve. Old Mutual Rewards. First, you have to select the loan amount you want to get, from out of nine options with loan amounts that range from R 2000 up to R10 000. The tool will display your estimated monthly repayment for every amount and term that you choose. Comparison interest rates vary between 6.55% and 60% p.a. How Much Do Maids/Helpers Get Paid In Gauteng VS Western Cape. 2) Old Mutual Finance requests you’re employed with a minimum monthly salary of R2500. For this, simply click the “Go to Site” button in the comparison table above. The tool allows you to see the cost of your finance before you make your application. You must take note of the following when calculating the total cost of a loan: Old Mutual is registered with the National Credit Regulator and fully complies with the Credit Act of 2005. It can help you calculate the total credit cost, which will tell you if  it is expensive or affordable on the long term. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. You might think you're well prepared for everything, but life is exactly like this. Apply online today. This calculator may not be suitable for persons with a more complex debt scenario. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. But the Old Mutual personal loans calculator can help you manage your cash-flow with ease. Old Mutual personal loans are tailored to the needs of individuals, ensuring that you always get the right kind of help regardless of whether it's needed to cover an emergency expense or finance a golden opportunity. Other fees may apply. To better understand how debt consolidation loans work, visit this page. Old Mutual Loan Calculator Old Mutual is a trusted name in South African banking. OLD MUTUAL PERSONAL LOANS. G&C Mutual Bank Ltd may not provide loans with the details indicated in the calculator. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! In summary, your reasons for using this evaluator should be to help you choose a personalised, customised solution that keeps your finances balanced. Maximum interest rate allowed to be charged in South Africa is 27.50% plus service and initiation fee. 3131 Camino Del Rio N 1100, San Diego, CA 92108. Well, it can be said that the main characteristic is that citizens have complete freedom to choose a loan whose maximum is of 60 months but has also available a loan that can last up to 3 months. *Comparison rate is based on an unsecured loan of R20,000 for a term of 3 years. Old Mutual Wealth is an award-winning online investment platform, managing £56.2 billion of UK customer investments. Your monthly salary should be above R2 500. The Home Owners insurance covers the full value of the property in the event of fire, hail damage, etc. With the calculator, you'll be able to calculate and estimate how much your personal loan repayments will be. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. Total repayment over the life of the loan is R70,949.40. All rates quoted are per annum. Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in … If you were looking to get a loan from Old Mutual, you might want to check out this page first.