Mutual Life Africa Micro Loans & 30-Day Loans
Simple, Fast & Inclusive Personal Loans for Expats, Foreign Nationals & Locals
Mutual Life Africa provides flexible and affordable vehicle finance for foreign nationals, expatriates, and local citizens across Africa.
Whether you’re upgrading your ride or financing your first vehicle, we make the process seamless — offering competitive terms, fast approvals, and financing up to R1 million.
Our Mission
We’re driving financial access and mobility across the continent.
Our goal is to make vehicle ownership a reality through inclusive finance options, simple application processes, and solutions tailored to the unique needs of individuals and families.
Simple, Fast & Vehicle Finance Expats, Foreign Nationals & Locals
Overview
Feature Description
- Loan Amount R100,000 to R2,5 million
- Repayment Terms 12 to 60 months
- Deposit Minimum 10% (based on profile) or 0% for policyholders.
- Ownership Full ownership at end of loan term
- Loan Type Straight vehicle finance
- Approval Speed Within 48 to 72 hours upon full document submission
Who Can Apply
✅ Policyholders
- Minimum income: R12,500/month (employed or self-employed)
- Must have an active Mutual Life Africa policy
- Blacklisted individuals considered (case-by-case)
✅ Non-Policyholders
- Minimum basic salary: R12,500/month
- Must be permanently employed
- Good credit standing required
What You Need To Apply
- South African ID or valid passport
- Proof of residence
- Latest 3 to 6 months’ bank statements
- Latest payslip or proof of income
- Official vehicle quotation or invoice
- Active Mutual Life Africa policy (for policyholder channel)
Key Benefits
- Vehicle finance for foreign nationals, expats, and South African citizens
- Tailored options for all credit profiles
- Optional insurance and extended warranty integration
- Access to approved dealerships nationwide
- Trade-in & top-up finance options available
- Full vehicle ownership after term completion
Frequently Asked Questions (FAQs)
Yes. We welcome applications from foreign nationals, though policyholders of Mutual Life Africa have a higher loan approval rate and get preferential rates.
Yes. A deposit from 10% is typically required, but we do not require deposits for active policyholders.
Yes. We finance both, subject to our pricing and affordability checks.
Yes — if you are a policyholder. We assess affordability beyond just credit score.
Most approvals are completed within 2–3 business days if all documents are provided.
Repayments are made via debit order or EFT. We’ll remind you before due date.
Simple, Fast & Inclusive Loans for Expats, Foreign Nationals & Locals
Get the funds you need, when you need them — with Mutual Life Africa’s Personal Term Loan. Designed for foreign nationals, expats, and locals, we make borrowing simple, inclusive, and fast.
