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. We are a responsible lender and will never lend you more than you can comfortably afford to repay.
Fill in a few details, see if you qualify and apply.
How Sanlam Personal Loans work.
View the Frequently Asked Questions.
Complete your saved loan application.
As Wealthsmiths™, Sanlam promotes responsible lending. That's why we like to recognise and reward clients who manage their loan accounts well. Every year we reward one of these responsible Wealthsmiths™ with a car.
Watch our 2018 winner, Mr Clarence Juries, take possession of his brand new ride.
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 interest rate is between 21.9% and 27.75% per annum (compounded monthly).
Let’s look at an illustrative example of a loan at an interest rate of 27.75% per annum: The loan amount is R50 000.00 plus a once-off initiation fee of R1 207.50 and a monthly admin fee of R69, over 72 months. This means that the total cost of the loan will be R110,594.54, which is an maximum Annual Percentage Rate (APR) of 30.98%.
*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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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.
Did you start the loan application process but forget to finish it? Rest assured we have saved your progress and your information is in safe hands. Simply visit our secure application platform to pick up where you left off and complete your online application.
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.