Old Mutual Loan calculator

Are you considering a personal loan and want to know what your monthly repayments might be? Old Mutual offers an easy-to-use Loan Calculator to help you estimate your repayment amounts, giving you a clearer idea of what to expect. Here’s a simple step-by-step guide to using the Old Mutual Loan Calculator.

Step-by-Step Guide to Using Old Mutual Loan Calculator

1. Access the Loan Calculator

To begin, head over to the Old Mutual Loan Calculator. This is where you’ll be able to input your loan details and instantly get an estimate of your monthly repayments.

2. Select the Loan Amount

Once on the calculator page, the first step is to select how much you would like to borrow. Use the slider or enter a specific loan amount. Old Mutual allows you to apply for personal loans tailored to your financial needs.

3. Choose Your Loan Term

Next, choose how long you would like to repay the loan. The loan term is flexible, ranging from 3 months to 72 months (6 years). Select the repayment term that best fits your financial situation. Keep in mind that a longer term may reduce your monthly repayments, but could increase the total interest paid over the life of the loan.

4. Click ‘Calculate’

After selecting your loan amount and repayment term, click the ‘Calculate’ button. The calculator will quickly provide an estimate of your monthly repayments, including any credit life insurance and service fees that may apply.

5. Review the Estimated Repayment Amount

Once the calculation is complete, you will be shown your estimated monthly instalments. Remember, this is just an estimate and your actual repayment amount will be confirmed after a full credit assessment by Old Mutual Finance.

Additional Features of the Loan Calculator:

  • The calculator automatically includes credit life insurance and service fees in the estimated repayment amount.
  • Interest rates are calculated monthly, and the maximum rate can go up to 29.25% annually depending on your credit profile.

Important Notes:

  • All loan estimates provided by the calculator are indicative only and are subject to Old Mutual’s full credit assessment.
  • The loan offering includes a once-off initiation fee and monthly administration fees.
  • For example, a loan of R5,000 over a 3-month term will have a total payable amount of R6,204.91.

Loan Disclaimer

The Old Mutual Loan Calculator is a helpful tool for estimates, but the actual loan details may differ. Old Mutual Finance does not provide any warranties regarding the accuracy of these estimates and takes no responsibility for losses due to reliance on this information. Always ensure you understand the full loan terms before proceeding with any application.

Overview of Public Universities in South Africa

Here's an overview of some public universities in South Africa, including general admissions requirements and estimated application periods. Keep in mind, specific program requirements and dates can vary significantly, so it's important to check each university's official website for the most current information.

University of Pretoria

  • Admissions Requirements: National Senior Certificate with minimum scores in specific subjects related to the chosen program; for international students, equivalent qualifications.
  • Application Period: Usually opens in March and closes at the end of July for most programs.

University of Cape Town

  • Admissions Requirements: National Senior Certificate with pass levels required for degree study; subject-specific requirements depending on the program.
  • Application Period: Application opens in April and closes at the end of July.

Stellenbosch University

  • Admissions Requirements: National Senior Certificate with required marks; some programs have additional testing.
  • Application Period: Opens in March and typically closes at the end of June.

University of the Witwatersrand

  • Admissions Requirements: Matriculation certificate with university exemption; required scores vary by faculty.
  • Application Period: Begins in March and ends on the 30th of September.

University of Johannesburg

  • Admissions Requirements: Matric exemption with a minimum APS score; specific subject requirements based on the faculty.
  • Application Period: Opens in April and generally closes by the 30th of September.

University of the Free State

  • Admissions Requirements: National Senior Certificate with specific marks for the program applied to; additional requirements for certain courses.
  • Application Period: Typically opens in April and closes at the end of August.

University of Venda

  • Admissions Requirements: Completion of the National Senior Certificate with an endorsement for diploma or degree studies; specific APS scores needed.
  • Application Period: Usually from May to September.

University of Fort Hare

  • Admissions Requirements: National Senior Certificate with university exemption; certain programs may have specific requirements.
  • Application Period: Opens around May and closes at the end of September.

University of the Western Cape

  • Admissions Requirements: National Senior Certificate with specific performance levels; additional requirements for certain programs.
  • Application Period: Generally from May to September.

North-West University

  • Admissions Requirements: National Senior Certificate with university exemption; program-specific requirements may apply.
  • Application Period: Opens in March and usually closes by the end of August.

Rhodes University

  • Admissions Requirements: National Senior Certificate or equivalent; minimum academic performance in certain subjects.
  • Application Period: Applications open in April and close at the end of September.

Nelson Mandela University

  • Admissions Requirements: National Senior Certificate with required scores for chosen programs; portfolio or additional tests for some faculties.
  • Application Period: Opens in April, with a deadline at the end of August for most programs.

Cape Peninsula University of Technology

  • Admissions Requirements: National Senior Certificate with specific scores; additional requirements for certain courses.
  • Application Period: Opens in May and typically closes by the end of September.

University of Limpopo

  • Admissions Requirements: Senior Certificate with endorsement for diploma or degree courses; specific APS scores for different programs.
  • Application Period: From April to September.

University of Zululand

  • Admissions Requirements: National Senior Certificate with an endorsement for bachelor’s degree studies; specific score requirements for various programs.
  • Application Period: Usually between April and November.

Central University of Technology

  • Admissions Requirements: National Senior Certificate with specific scores for the chosen field of study; additional criteria for certain programs.
  • Application Period: Application period generally starts in May and ends in October.

Vaal University of Technology

  • Admissions Requirements: National Senior Certificate with a pass that qualifies for admission to bachelor’s degree, diploma, or higher certificate programs.
  • Application Period: Typically from May to September.

Walter Sisulu University

  • Admissions Requirements: National Senior Certificate with required scores for chosen programs; additional criteria for certain faculties.
  • Application Period: From April to September.

This list provides a starting point for understanding the admissions landscape across South Africa's diverse higher education institutions. Given the variability in programs and requirements, it's crucial to consult each university's website for the most accurate and up-to-date information.