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 Sanlam Personal Loans work.
Calculate your monthly repayment.
View the Frequently Asked Questions.
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When you decide to take out a Sanlam Personal Loan, our consultants will determine your interest rate and initiation fee according to your personal risk profile. Your loan repayment term can range from 24 to 72 months, and the maximum interest rate you can be charged is 28% per annum (compounded monthly).
Let’s look at an illustrative example of a loan at an interest rate of 28% per annum: The loan amount is R50 000.00 plus a once-off initiation fee of R1 197 and a monthly admin fee of R68.40, over 72 months. This means that the total cost of the loan will be R111 111.96, which is an Annual Percentage Rate (APR) of 31.20%.
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Here’s how to ensure you receive your cash-back on your Sanlam Personal Loan:
One cashback per loan agreement. This is an indicative cash-back amount only. Terms and conditions apply.
You can apply for any amount, from R5 000 to R200 000 in increments of R1 000.
With a Sanlam Personal Loan your loan amount will be deposited quickly and directly into your bank account.
When applying for a loan you will need to provide the following:
No, you don't as the Sanlam Personal Loan is unsecured.
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.
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.
To qualify for a loan you have to both work and live in South Africa.
The money is yours to spend as you see fit.
Repayment terms for a Sanlam Personal Loan are from 24 months to 6 years (72 months) and based on the Loan Options table below.
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.
For your convenience, your repayments will be deducted by debit order from the bank account into which your salary is paid every month.
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.
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.
You can request the following in English, Afrikaans, isiZulu, Sesotho or isiXhosa:
Personal Loans agreements Terms and Conditions are available in English and Afrikaans.
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 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.