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Sanlam Personal Loans

Get a loan of up to R200 000 at a fixed interest rate.

Whether you need money for unexpected expenses, a medical emergency, or to fund a specific project, Sanlam can offer you a fixed rate personal loan according to your needs and circumstances.

How it Works

How Sanlam Personal
Loans work.

View FAQ

View the Frequently
Asked Questions.

Apply Now

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will contact you.

How Sanlam Personal Loans work

  • You can apply for any amount, from R5 000 to R200 000 in increments of R1 000
  • You can tailor your repayment term to suit your budget (from 24 months to 6 years)
  • Repayments are fixed for your full loan term, so that you can budget ahead easily
  • Sanlam will always take your current financial circumstances into consideration and never lend you more than you can comfortably afford to repay
  • Qualifying Sanlam Reality members could enjoy up to 20% of their loan repayments back once they’ve made 12 consecutive repayments.

Frequently Asked Questions

When you apply: How much and when

How much can I apply for?

You can apply for any amount, from R5 000 to R200 000 in increments of R1 000.

If I'm approved, how soon will I get my money?

With a Sanlam Personal Loan your loan amount will be deposited quickly and directly into your bank account.

What to provide when applying for a loan

Do I need to provide any documents?

When applying for a loan you will need to provide the following:

  • A copy of your green barcoded ID book or Smart ID card
  • Your last 3 months’ consecutive payslips or bank statements
  • Your bank account details into which your salary is paid

Do I have to provide collateral to secure my personal loan?

No, you don't as the Sanlam Personal Loan is unsecured.

Do I need to obtain permission from my spouse in order to take out a loan?

If you are married in community of property or under customary or foreign law, you will require consent from your spouse to enter into any credit agreement.

Conditions for getting a loan

Can I be refused a loan?

Sanlam will always do its best to accommodate your requests, but ultimately your final loan amount will be based on your personal financial profile and is subject to credit approval.

I’m a South African citizen but I don’t live here, can I still take out a loan?

To qualify for a loan you have to both work and live in South Africa.

Can I use my personal loan amount as I choose?

The money is yours to spend as you see fit.

How loan repayments work

What are the loan repayment terms?

Repayment terms for a Sanlam Personal Loan are from 24 months to 6 years (72 months) and based on the Loan Options table below.

Loan Amount R5 000
24 Months R389
Total amount repayable R9 394
36 Months R313
Total amount repayable R11 252
48 Months R275
Total amount repayable R13 214
60 Months R254
Total amount repayable R15 229
72 Months R240
Total amount repayable R17 293
Loan Amount R20 000
24 Months R1 274
Total amount repayable R30 574
36 Months R985
Total amount repayable R35 474
48 Months R845
Total amount repayable R40 580
60 Months R765
Total amount repayable R45 885
72 Months R714
Total amount repayable R51 378
Loan Amount R40 000
24 Months R2 411
Total amount repayable R57 872
36 Months R1 851
Total amount repayable R66 621
48 Months R1 579
Total amount repayable R75 771
60 Months R1 422
Total amount repayable R85 307
72 Months R1 322
Total amount repayable R95 207
Loan Amount R60 000
24 Months R3 549
Total amount repayable R85 170
36 Months R2 716
Total amount repayable R97 768
48 Months R2 312
Total amount repayable R110 962
60 Months R2 079
Total amount repayable R124 728
72 Months R1 931
Total amount repayable R139 037
Loan Amount R80 000
24 Months R4 686
Total amount repayable R112 469
36 Months R3 581
Total amount repayable R128 915
48 Months R3 045
Total amount repayable R146 153
60 Months R2 736
Total amount repayable R164 150
72 Months R2 540
Total amount repayable R182 866
Loan Amount R100 000
24 Months R5 824
Total amount repayable R139 767
36 Months R4 446
Total amount repayable R160 062
48 Months R3 778
Total amount repayable R181 344
60 Months R3 393
Total amount repayable R203 571
72 Months R3 149
Total amount repayable R226 696
Loan Amount R120 000
24 Months R6 961
Total amount repayable R167 065
36 Months R5 311
Total amount repayable R191 209
48 Months R4 511
Total amount repayable R216 534
60 Months R4 050
Total amount repayable R242 993
72 Months R3 757
Total amount repayable R270 525
Loan Amount R140 000
24 Months R8 098
Total amount repayable R194 364
36 Months R6 177
Total amount repayable R222 356
48 Months R5 244
Total amount repayable R251 725
60 Months R4 707
Total amount repayable R282 414
72 Months R4 366
Total amount repayable R314 355
Loan Amount R5 000
24 Months R389
Total amount repayable R9 394
36 Months R313
Total amount repayable R11 252
48 Months R275
Total amount repayable R13 214
60 Months R254
Total amount repayable R15 229
72 Months R240
Total amount repayable R17 293
Loan Amount R20 000
24 Months R1 274
Total amount repayable R30 574
36 Months R985
Total amount repayable R35 474
48 Months R845
Total amount repayable R40 580
60 Months R765
Total amount repayable R45 885
72 Months R714
Total amount repayable R51 378
Loan Amount R40 000
24 Months R2 411
Total amount repayable R57 872
36 Months R1 851
Total amount repayable R66 621
48 Months R1 579
Total amount repayable R75 771
60 Months R1 422
Total amount repayable R85 307
72 Months R1 322
Total amount repayable R95 207
Loan Amount R60 000
24 Months R3 549
Total amount repayable R85 170
36 Months R2 716
Total amount repayable R97 768
48 Months R2 312
Total amount repayable R110 962
60 Months R2 079
Total amount repayable R124 728
72 Months R1 931
Total amount repayable R139 037
Loan Amount R80 000
24 Months R4 686
Total amount repayable R112 469
36 Months R3 581
Total amount repayable R128 915
48 Months R3 045
Total amount repayable R146 153
60 Months R2 736
Total amount repayable R164 150
72 Months R2 540
Total amount repayable R182 866
Loan Amount R100 000
24 Months R5 824
Total amount repayable R139 767
36 Months R4 446
Total amount repayable R160 062
48 Months R3 778
Total amount repayable R181 344
60 Months R3 393
Total amount repayable R203 571
72 Months R3 149
Total amount repayable R226 696
Loan Amount R120 000
24 Months R6 961
Total amount repayable R167 065
36 Months R5 311
Total amount repayable R191 209
48 Months R4 511
Total amount repayable R216 534
60 Months R4 050
Total amount repayable R242 993
72 Months R3 757
Total amount repayable R270 525
Loan Amount R140 000
24 Months R8 098
Total amount repayable R194 364
36 Months R6 177
Total amount repayable R222 356
48 Months R5 244
Total amount repayable R251 725
60 Months R4 707
Total amount repayable R282 414
72 Months R4 366
Total amount repayable R314 355

Will my loan repayments be affected by interest rate fluctuations?

No. The interest rate on your loan will be fixed at our current interest rate for your full loan term, so your repayments will never increase, even if the interest rate goes up.

Can I choose how I make my repayments?

For your convenience, your repayments will be deducted by debit order from the bank account into which your salary is paid every month.

How can I protect my family?

Every Sanlam Loan includes our Personal Protection Plan, which settles your outstanding loan balance in the event of your death, permanent disability or certain dread diseases. It also provides limited cover in the event of temporary disability and should you be retrenched, a once-off payment equal to six instalments will be paid out to you. Of course, you're free to substitute the plan with a policy of your choice, providing the cover offered is equivalent.

Sanlam Reality

Qualifying Sanlam Reality members could enjoy up to 20% of their loan repayments back once they’ve made 12 consecutive repayments. For more information on how to join, visit the Sanlam Reality website.

Apply Online

Language Preference

You can request the following in English, Afrikaans, isiZulu, Sesotho or isiXhosa:

  • Personal Loans agreements
    - Quotes and cost of credit documentation
    - Enforcement notices
  • Credit Life policy summaries
  • Marketing material

Personal Loans agreements Terms and Conditions are available in English and Afrikaans.

Don't Become a Victim

The financial world attracts plenty of bad people looking to take advantage of good people like you. We urge you to constantly be on the lookout for suspicious emails and messages, and tread lightly around potential scam artists who claim to be affiliated with Sanlam. We assure you that Sanlam is in no way involved, and we therefore discourage you from responding to any fraudulent offers.

Before you open an email or SMS, always ensure that the sender is someone you trust and that you recognise the email address or phone number. Should you receive a loan offer, investment opportunity, or any piece of Sanlam communication that makes you feel uneasy, please contact our customer care team or report it to your local police station.

Loans are subject to the National Credit Act, No 34 of 2005.

Loans from Sanlam Personal Loans 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.

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