Does Old Mutual Offer Loans to Blacklisted 

Old Mutual was established in Cape Town in 1845 as South Africa’s first mutual life insurance company, offering financial security in uncertain times.

They provide financial solutions to individuals, small and medium-sized businesses, corporates and institutions across several market segments and geographies in South Africa, the Rest of Africa and certain other emerging markets.

Does Old Mutual Offer Loans to Blacklisted 

Old Mutual offers personal loans and debt consolidation loans tailored to the individual needs of our customers. All loan products are provided through Old Mutual Finance, a licensed financial services and registered credit provider. 

Unfortunately Old Mutual Loans don’t provide loans for blacklisted.

Requirements to Qualify for Old Mutual Loans 

1.Age Requirement (18 Years of Age): 

To be eligible for an Old Mutual loan, applicants must be at least 18 years old. This age threshold is a legal requirement and ensures that loan agreements are entered into by adults who can legally enter into financial contracts.

2.Loan Term Cease Prior to Age 60: 

The term of the loan agreement must conclude before the borrower reaches the age of 60. Additionally, there’s a minimum loan term of 12 months. This requirement reflects the lender’s consideration of the borrower’s age and retirement planning, ensuring that loans are manageable within the borrower’s expected working years.

3.Valid South African ID Document: 

Loan applicants must possess a valid South African ID document. This typically refers to the green, bar-coded, 13-digit ID document. This requirement verifies the applicant’s identity and legal status in South Africa.

4.Current Payslip (No Older Than 1 Month): 

To demonstrate financial stability and the ability to repay the loan, applicants need to provide a current payslip that is no older than one month. This payslip serves as evidence of the applicant’s income.

5.Consecutive Bank Statements for the Last 3 Months: 

Providing consecutive bank statements covering the past three months is crucial for lenders to assess the applicant’s financial history, transaction patterns, and existing financial commitments. This helps in evaluating the borrower’s capacity to manage loan repayments.

Step by Step Methods for Applying for Old Mutual Loans 

1. Visit Old Mutual’s Official Website:

   Begin by visiting the official Old Mutual website. You can access it through your web browser on a computer or mobile device. Visit the Website using the link below:

2. Explore Loan Options:

   Navigate through the website to explore the various loan options Old Mutual offers. Familiarise yourself with the types of loans available, including personal loans, and their terms and conditions.

3. Start the Online Application:

   Locate the online loan application portal on the website. This is typically found under a section like “Apply for a Loan” or a similar category. Click on the relevant link to initiate the application process.

4. Fill in Personal Information:

   Complete the online application form with your personal information. This typically includes your full name, contact details, and South African ID number. Ensure that the information is accurate and up to date.

5. Provide Employment Details:

   Input your employment details, including your current job status, employer’s name, and monthly income. Old Mutual will use this information to assess your ability to repay the loan.

6. Submit Financial Documentation:

   Upload the required financial documents, such as your recent payslip (no older than one month) and consecutive bank statements for the last three months. Ensure that these documents are in digital format and readily available for submission.

7. Review and Submit:

   Carefully review the information you’ve provided to ensure its accuracy. Once you’re satisfied that all details are correct, submit your loan application through the online portal.

8. Wait for Application Processing:

    After submission, your loan application will undergo a review process by Old Mutual. This process may take some time as they assess your eligibility and creditworthiness.

9. Communication with Old Mutual Representative:

    Be prepared to communicate with an Old Mutual representative who may contact you to discuss the terms of the loan. This may include the loan amount, interest rate, repayment schedule, and additional requirements.

10. Loan Approval and Disbursement:

    If your loan application is approved and all terms are agreed upon, Old Mutual will disburse the loan funds to your designated bank account.

Frequently Asked Questions 

How do I apply for a personal loan?

You can apply online, over the phone or at your closest branch.

What documents do I need to apply for a personal loan?

A valid South African identity document (ID).

A current payslip not older than one month.

Your bank statements for the last three months indicate three consecutive monthly salary deposits (the statements must not be older than 7 days).

What kind of loans does Old Mutual offer?

Short-term loans, with a repayment period ranging from a one month term to 12 months.

Long term loans with a repayment period that ranges from 13 to 72 months. The long-term loans also offer a consolidation element that allows you to settle and combine your other existing debt into one loan.

How does a personal loan work?

Their personal loans works as follows:

  • A minimum loan term of 3 months.
  • A maximum loan term of 72 months.
  • You could qualify for a personal loan of up to R250 000.
  • Your interest rate is fixed. The fixed rate gives you the benefit of knowing what your instalment will be for the duration of the term of your personal loan, irrespective of any changes in the repurchase rate by the Reserve Bank.
  • To apply for a loan over a period of 1 – 12 months, you need to be permanently employed at the same employer for at least 3 months.
  • To apply for a loan over a period of 13 – 72 months, you need to be permanently employed at the same employer for at least 12 months.
  • The interest rate applied is based on your affordability and personal credit profile.
  • Businesses do not qualify for a personal loan.
  • Your personal loan can be insured against death disability or retrenchment by taking out Credit Life Insurance. Credit Life Insurance is compulsory for loans with a term of 12 months and more

Can I Get a Loan from Old Mutual if I Have a Poor Credit History?

Old Mutual, like many lenders, considers various factors when evaluating loan applications. While a poor credit history may impact your eligibility, it’s advisable to contact Old Mutual directly to discuss your specific situation.

Are There Loan Options for Individuals with Poor Credit at Old Mutual ?

Old Mutual may offer loan options for individuals with less-than-perfect credit. These loans may have specific terms and conditions designed to accommodate borrowers with credit challenges.

Can I Get A Loan From Old Mutual If I’m Blacklisted?

It’s advisable to contact Old Mutual directly to discuss your eligibility and options. Applying for multiple loans without understanding the specific terms and your eligibility can further impact your credit.

Can I Apply for a Debt Consolidation Loan with Old Mutual to Manage My Existing Debts?

Debt consolidation loans can be an option for managing existing debts. Old Mutual may offer such loans, and it’s advisable to inquire about their terms and conditions.


Old Mutual loans offer a reliable financial solution for those seeking access to funds in South Africa.

 With a straightforward online application process and clear eligibility criteria, they aim to provide assistance to borrowers for various financial needs. 

Meeting the necessary requirements and following the application process diligently can pave the way for securing an Old Mutual loan.