Old Mutual My Money Plan
Overview
At Old Mutual, we pride ourselves in facilitating our clients’ financial freedom. We consider our flagship product, My Money Plan as the premier debt consolidation product.
My Money Plan allows clients to lower their overall instalment, thus assisting in reducing bad debt and giving clients more cash in hand. MMP is offered to customers who want to be debt-free.
MMP is designed to offer clients debt solutions which will provide them the means to pay off their short-term debt as one lump sum (as a consolidated loan) on a monthly basis. Interest is calculated on the client’s credit score.
At Old Mutual, clients are offered Consolidation loans of up to R150 000, at a minimum term of one month and at a maximum term of 60 months.
How does MMP work for you?
Old Mutual’s My Money Plan provides the opportunity to consolidate your debt, thereby allowing you to pay one amount monthly to cover all your debt.
At a set date during the month, you can access a small sum of money.
Old Mutual offers a 6 monthly cash-back bonus incentive for clients who pay timeously.
What do you need to apply?
A valid green, 13-digit-barcoded South African Identity Document.
Be a South African citizen.
Provide Bank Statements for the past 3 consecutive months.
Be 18 years or older.
Be employed for at least 12 months in your current job.
Should you need further information about My Money Plan, call the call centre number on 0860 000 886 or SMS your name + MMP to 44964 and trained consultants will get in touch with you to provide further assistance.
