GET A PERSONAL LOAN OF UP TO R200 000 WITH
Mutual Life Credit
At Mutual Life Africa, we understand that life’s financial needs come in all shapes and sizes. That’s why, through our specialist credit division, Mutual Life Credit, we offer tailored loan solutions designed to provide financial flexibility for both policyholders and non-policyholders alike.
Mutual Life Credit is the specialist credit division of Mutual Life Africa, committed to providing innovative and accessible financial solutions to individuals across Africa.
Our mission is to empower our clients by offering a range of tailored credit options that address their unique financial needs.
Whether you’re a policyholder or a non-policyholder, Mutual Life Credit ensures you have access to funds when you need them the most, with transparent terms and competitive rates.
(500k+ COVERED LIVES)
FINANCIAL ACESS TO EVERY AFRICAN
- Personal Loans
- Short Term Loans
- Lines Of Credit
Our Loan Solutions
1. Personal Loans
- Borrow up to R200,000 with flexible repayment terms.
- Available to both policyholders and non-policyholders.
- Perfect for major expenses like home renovations, weddings, or medical emergencies.
2. Short-Term Loans
- Need funds fast? Access short-term loans of up to R10,000 with a repayment period of 30 days.
- Ideal for unexpected bills or emergencies when time is of the essence.
3. Revolving Credit Facility
- Enjoy the convenience of a flexible credit line with revolving credit.
- Borrow what you need, when you need it, and repay at your pace.
- Available exclusively to policyholders for ongoing financial flexibility.
4. Secured Loans for Policyholders
- Policyholders can access secured loans that require no additional collateral.
- Loans are based on:
- The cover amount of your Mutual Life policy.
- Your policy payment history.
- Enjoy lower interest rates and higher loan limits compared to unsecured loans.
Why Choose Mutual Life Credit?
- Accessible to Everyone: Our loans are available to both policyholders and non-policyholders, ensuring financial solutions for all.
- Flexible Options: From short-term loans to secured loans, we cater to your unique financial needs.
- No Additional Collateral: Policyholders can leverage their insurance cover for secured loans, simplifying the process.
- Fast Approvals: Get the funds you need when you need them.
- Competitive Rates: We offer affordable and transparent interest rates to make borrowing stress-free.
How It Works
- Apply Online or In-Branch: Choose the loan option that suits your needs and complete the quick application process.
- Eligibility Assessment: For policyholders, your cover amount and payment history may improve your loan terms.
- Receive Funds: Once approved, funds are deposited into your account swiftly and securely.
- Flexible Repayments: Repay on your terms with manageable installments or revolving credit flexibility.
Frequently Asked Questions
Yes! Our personal loans and short-term loans are available to both policyholders and non-policyholders.
Secured loans are exclusive to policyholders. These loans do not require traditional collateral but are based on your Mutual Life policy’s cover amount and payment history.
With our fast-tracked approval process, policyholders can get their funds within 2 hours depending on their bank and for non policyholders funds can be available within 24 hours after approval.
Revolving credit allows you to borrow, repay, and borrow again within your credit limit, offering unmatched financial flexibility.
As a policyholder, applying for a loan with Mutual Life Credit is simple and straightforward. Here’s what you need:
For Short-Term Loans:
- Your ID or passport.
- Your Mutual Life policy number.
For Long-Term Loans (Higher Amounts):
- Your ID or passport.
- Your Mutual Life policy number.
- A copy of your bank statement (to verify your financial standing).
Policyholders can apply through the following channels:
Mutual Life 360 App: Download and log in to the app for a quick and convenient application process.
Walk Into a Branch: Visit the Mutual Life Africa branch nearest to you, and our friendly staff will guide you through the application.
If you’re not a Mutual Life policyholder, you can still apply for a loan with Mutual Life Credit. Here’s what you’ll need:
- A valid ID or passport.
- Your latest 3-month bank statement (to verify financial stability).
- Your most recent salary slip (to confirm your income).
Non-policyholders can apply through these convenient channels:
- Mutual Life 360 App: Download the app from your preferred app store, register as a new user, and start your application process anytime, anywhere.
- Visit a Branch: Walk into the Mutual Life Africa branch nearest to you, and our team will assist you in completing your loan application.
GET THE LOAN YOU NEED, AS FAST AS YOU NEED IT
Whether you’re looking for a short-term loan or a long-term financial solution, Mutual Life Credit offers flexible and reliable loan options to non-policyholders across Africa. Get started today!