Old mutuals expertise has seen this reputable institution develop various financial products and services but the my money plan stands heads and shoulders above the rest. The old mutual my money plan has been tailored to allow clients consolidate various debt accounts. By consolidation debt accounts, clients benefit by paying less on finance charges and increase the available disposable income.

This credit facility allows clients to take out loans up to an amount of R150,000 with repayment periods runing between 1 to 60 months. Clients should however note that the term of the agreement must cease prior to the age of 60. The interest rate applied on this loan will be determined by the clients  individual credit score.

Theere are certain requirements to be met to qualify for the old mutual my money plan. These requirements include the fact that a prospective client should have been employed at the same job for at least 12 months, be 18 years of age,be a resident of South Africa and be in posession of a South African ID, provide proof of current payslip and consecutive bank statements for the last 3 months.

The old mutual my money plan is indeed changing the lives of many people especially those who are strugling to manage debt. Old mutual can be contacted on 0860000886.