Your household needs at least R32,001 a month for Old Mutual Home Loans. Start there when weighing finance for your family’s next home.
The income and property thresholds are the start, not an offer of finance
Your property must be worth at least R650,000, and the loan starts at R450,000. Qualifying applicants can finance up to 100% of the property’s value.
Repayments can rise if your variable JIBAR-linked rate increases. Before approval, Old Mutual assesses your credit profile and repayment capacity under the NCA.
Interest and the cost of registering your bond
Your interest rate is variable and linked to JIBAR. New loans and switches qualify for discounted bond registration attorney fees, reducing that expense.
For your home finance, Old Mutual Life Assurance Company (South Africa) Limited offers Old Mutual Home Loans in association with SA Home Loans.
What your household and property need to qualify
Start with these requirements for your home-loan application.
- Your household earns at least R32,001 a month.
- Your property is worth at least R650,000.
- You supply documents including ID and proof of income.
- You provide the information Old Mutual requests.
Start your application through an adviser
- Your adviser applies online on your behalf.
Your home-loan questions
What happens after I sign my Old Mutual home-loan agreement?
You sign the loan agreement, then the bond registration process begins. Signing is not the final step in the process.
Can I apply through the portal as an Old Mutual employee?
Yes. If you work for Old Mutual, choose the staff home-loan option on the portal to begin your online application.
Can an OMF branch submit my home-loan application?
You can use the OMF branch route. A branch user submits the home-loan application on your behalf through the portal.
Who can guide me through my home-loan application?
You receive specialist guidance from a property finance consultant to help you with your home-loan application.