Loan amountR 2 000 – R 250 000
Repayment term3–72 months
Interest rateUp to 28%Fixed annual interest; personalised

What to know at a glance

Fixed-rate personal borrowing. The published borrowing range starts at R 2 000. Approval and your final terms depend on the lender’s assessment.

Fees and the full cost

Old Mutual publishes a fee formula and states when credit life premiums apply. The final premium still needs a quote.

Initiation fee
R165 plus 10% of the loan amount above R1,000, capped at R1,050 excluding VAT. The R5,000 / 3-month example shows R649.75.
Monthly service fee
R60 per month excluding VAT; the representative example shows R69 including VAT.
Credit life / protection
Charged monthly for loan terms of 12 months or longer, based on the loan amount at application. The reviewed page does not give the premium rate, covered events or replacement-policy conditions. Confirm these in the policy and quote; no zero-cost assumption is made for shorter terms.

Compare your total repayment as well as the monthly instalment. Ask for a written quote showing the exact rate, initiation fee, service fees and insurance applicable to you.

A detail worth checking

The page publishes a 28% annual maximum, not a minimum or an all-in APR. Available amounts and terms depend on assessment. Use a current written quote for the exact insurance and full repayment.

Before you apply

  • South African citizen aged 18–60
  • Income of at least R2,500 a month
  • At least three months with the same permanent employer
  • ID, latest payslip and three months of bank statements no older than seven days

What happens next?

The button takes you to Old Mutual Finance’s official product page. You decide whether to start an application there. The lender may request documents, obtain consent for credit checks and assess affordability.

Browsing Fairloan does not constitute an application. We do not collect your identity number, documents or contact details, and we cannot predict approval.

Sources and registration

Registration information published by the lender: NCRCP35. This is not a live registry verification. Check the NCR register and confirm the legal entity before applying.