Sanlam Personal Loan
Up to ZAR200,000 Available Now at Sanlam as a Personal Loan that you can use for unexpected expenses, a medical emergency, or anything. Sanlam Personal Loan are Easy to Get, Low Interest Rates and not much Documentation Required. Find out more and Apply Now
Loan repayment terms range from 24 to 72 months. The maximum interest rate with regards to a Sanlam Personal Loan is 27.75% per annum (compounded monthly). Your rate and initiation fee will be determined according to your personal risk profile. An illustrative example of a loan at an interest rate of 27.75% per annum would be: Loan amount R50,000.00 plus a once-off initiation fee of R1 197 and a monthly admin fee of R68.40, over 72 months. The total cost of the loan will be R110,529.68 which is an Annual Percentage Rate (APR) of 30.95%
Get a Sanlam Personal Loan of up to R150,000 at a fixed interest rate.
Ideal when you need money for unexpected expenses, a medical emergency, or to fund a specific project, we can offer you Sanlam Personal Loans according to your needs and circumstances.
How To Apply for Sanlam Personal Loan
- It is quick and easy to apply for a Sanlam Personal Loans.
- Call us at 0861 08 08 88 to apply 08:00 to 20:00 any day of the week.
- Ask us to call you
- Apply now by completing our on line application form and find out if you qualify
- The final loan amount will be based on your current financial profile and is subject to credit approval.
Requirements and what you need to provide for Sanlam Personal Loan
- You must be a South African citizen and over 18 years of age
- You must permanently live and work in South Africa
- You must earn a regular monthly income of at least R2 500 per month (we will request proof of income such as your last 3 months’ payslips or bank statements)
- You must have a good credit record
- You must be able to provide your bank account details into which your salary is paid
- You must also be able to provide a clear copy of your ID document
Sanlam Personal Loan Scam Alert
Sanlam warns the public to be vigilant as false entities, from time to time, use the Sanlam brand and logo to approach people with fraudulent Sanlam Personal Loans offers.
These false invitations are typically generated via platforms such as LinkedIn or are sent directly via email or postal addresses that use legitimate-looking Sanlam branding.
What to look out for in possible scam loan invitations:
They tempt people with very low interest rates
They request advance “fees” and then disappear with the money
With no legitimate preceding loan approval process, they request people’s personal details including their ID numbers, full names, occupation and monthly income as well as telephone numbers and email addresses
Their “marketing” material is poorly formulated with language and spelling errors
They sometimes use the names of actual Sanlam employees in their correspondence
They have “staff” who answers telephones in an effort to support their image of legitimacy
Sanlam’s loan offer is managed through Sanlam Personal Loans (Pty) Ltd, a registered credit provider.
We will never ask for any up-front payment of any costs to process a loan application and we appeal to people to consider that, if an offer looks too good to be true, it probably is!
too good to be true, it probably is!
SANLAM PERSONAL LOANS (PTY) LTD NCRCP272
SANLAM PERSONAL LOANS LANGUAGE POLICY AS REQUIRED BY SECTION 63 OF THE NATIONAL CREDIT ACT NUMBER 34 OF 2005
Our call centre is able to service clients in 5 languages (English, Afrikaans, Zulu, Xhosa and Sesotho) with regards to verbal applications, quotations, contracts and general queries
Sanlam Personal Loan Documentation
The following documents are also available in 5 languages :
- Loans Documentation
- Pre Agreement Statement (includes terms and conditions)
- Loan Agreements
- Credit Life Policy Summaries
- Section 129 Enforcement Letter
- Direct mail (marketing material)
- Loans are subject to the National Credit Act, No 34 of 2005.
Loans from Sanlam Personal Loan are administered and managed by DirectAxis, an authorised Financial Services Provider. Sanlam Personal Loans (Pty) Ltd Reg. No. 2001/016316/07, Registered Credit Provider (NCRCP272), is a joint venture between Sanlam Life Insurance Ltd and Direct Axis SA (Pty) Ltd. Reg. No. 1995/06077/07.