Vodacom Financial and Digital Lifestyle Services has announced the launch of VodaLend Personal Loans, a responsible credit solution for South Africans. The offering, in partnership with Old Mutual Finance, gives Vodacom subscribers and non-subscribers convenient access to a personal loan of up to R250000.
With VodaLend Personal Loans, customers can apply for a loan through the dedicated online application and will be notified of provisional approval within minutes of submitting all the required documentation. Approved customers will receive their funds directly into their bank account within 24 hours of concluding their loan agreements. The swift and convenient app not only allows for real-time responses but also provides customers with the ability to view and manage their accounts at their convenience.
Mariam Cassim, CEO, Vodacom Financial and Digital Lifestyle Services
We understand that the high cost of living and other economic pressures are taking their toll on consumers. Through VodaLend Personal Loans, we are offering an accessible, trusted and reliable financial solution backed by a reputable partner, which can support customers in achieving their personal goals and financial well-being. Our partnership with Old Mutual is another exciting step in expanding our financial ecosystem and building on our other digital offerings, such as VodaSure Insurance, VodaLend Compare and VodaLend Cash Advance. By providing more customers with access to financial services, we are fostering financial inclusivity on a broader scale, which has the potential to accelerate economic growth and transform lives.
Andre Keller, CEO, Old Mutual Finance
This integrated partnership with Vodacom will ensure that consumers’ interaction with both brands is simple, convenient, and tailored to their specific financial needs. At Old Mutual, we offer our customers a variety of origination channels and platforms for personal loans, therefore, partnering with Vodacom allows us to further expand both our footprint and digital reach. Ultimately, we make borrowing accessible and easy to understand while ensuring we remain a responsible lender by providing consumers with the right financial education tools to help them achieve financial freedom.
