Why Switching Your Home Loan Could Save You Thousands

When it comes to managing your finances, small changes can lead to significant long-term savings. One of the most overlooked opportunities is your home loan. If you’ve had the same bond for years, chances are you’re missing out on better rates, improved terms, or new benefits that could reduce your monthly repayments and build your wealth faster.

At Old Mutual, we’ve introduced a flexible, client-focused home loan offering that could help you do exactly that.

Why Consider Switching Your Home Loan?

1. Lower Interest Rates = Major Savings

Interest rates play a huge role in the total cost of your home loan. Even a 0.5% difference in your rate could save you tens of thousands of rands over the life of your loan. If your current rate is higher than the market average or what Old Mutual can offer, you’re effectively paying more than you need to.

2. Incentives for Switching

Old Mutual Home Loans provides competitive incentives for clients who switch their home loans to us. These could include:

• Reduced initiation fees

• Flexible repayment terms

• Faster approval processes

• You get rewarded just for making your regular repayments on time If you're a member of Old Mutual Rewards and have an active Old Mutual Home Loan:

  • You'll earn points calculated as a percentage of your monthly instalment, with higher tiers offering greater percentages.

  • To qualify, your loan must be in good standing—meaning payments are up to date and not in arrears.

    How Your Home Loan Earns You Rewards

    When you take out a home loan with Old Mutual and register for Old Mutual Rewards, you start earning points every month your loan is in good standing. That meansThe points you earn grow with your tier in the programme

  • Your points can be redeemed for airtime, data, shopping vouchers (Takealot, Checkers, Makro), flights via Travelstart, and even contributions to your investment or savings products.

    • Ready to Explore the Possibility?

      If you’ve been thinking about switching or just want to see if it makes sense for you, let’s talk. As a Wealth Planner at Old Mutual, I can provide  guidance through the procecess

    Message/whatsapp me on 079 910 4715

    Email lloydnyatsambp@mail.com

    
    

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