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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.

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Asked Questions.

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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.

Keep Up Your Loan Payments

As Wealthsmiths™, Sanlam promotes responsible lending. That's why we like to recognise and reward clients who go the extra mile to keep their personal loan payments up to date. Every year we reward one of these responsible Wealthsmiths™ with a car.

Watch our 2017 winner, Mrs Daphne Haas, take possession of her brand new ride.

Watch video

Monthly Loan Repayments

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 27.50% per annum (compounded monthly).

Let’s look at an illustrative example of a loan at an interest rate of 27.5% 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 013.57, which is an maximum Annual Percentage Rate (APR) of 30.76%.

*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.

R5 000 - R200 000

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Monthly Repayment

Earn Cash Back

If you are a member of Sanlam Reality you could be eligible for cash-back after 12 months' monthly repayments on your Sanlam Personal Loan. This will be paid 30 working days after your 12th instalment has been received.

Gold Cash-back of

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Silver Cash-back of

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Bronze Cash-back of

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Here’s how to ensure you receive your cash-back on your Sanlam Personal Loan:

  • Be an active Sanlam Reality Core, Reality Health or Reality Plus member at the time when your 12th Sanlam Personal Loan repayment is made.
  • Maintain your Sanlam Personal Loan account – cash-back is only awarded to those with an active Sanlam Personal Loan at the time when the 12th instalment is received.
  • Keep your loan account in good standing by paying the monthly amount owing on time, every month.

One cashback per loan agreement. This is an indicative cash-back amount only. Terms and conditions apply.

Frequently Asked Questions

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.

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.

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.

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 MonthsR377.66
Total amount repayableR9 063.92
36 MonthsR301.17
Total amount repayableR10 841.99
48 MonthsR264.29
Total amount repayableR12 685.89
60 MonthsR243.21
Total amount repayableR14 592.37
72 MonthsR229.97
Total amount repayableR16 557.53
Loan Amount R20 000
24 MonthsR1 227.65
Total amount repayableR29 463.63
36 MonthsR940.50
Total amount repayableR33 857.98
48 MonthsR802.07
Total amount repayableR38 499.46
60 MonthsR722.93
Total amount repayableR43 375.84
72 MonthsR673.23
Total amount repayableR48 472.45
Loan Amount R40 000
24 MonthsR2 320.33
Total amount repayableR55 687.97
36 MonthsR1 762.38
Total amount repayableR63 445.61
48 MonthsR1 493.40
Total amount repayableR71 683.43
60 MonthsR1 339.63
Total amount repayableR80 377.69
72 MonthsR1 243.05
Total amount repayableR89 499.86
Loan Amount R60 000
24 MonthsR3 413.01
Total amount repayableR81 912.31
36 MonthsR2 584.26
Total amount repayableR93 033.24
48 MonthsR2 184.74
Total amount repayableR104 867.41
60 MonthsR1 956.33
Total amount repayableR117 379.54
72 MonthsR1 812.88
Total amount repayableR130 527.28
Loan Amount R80 000
24 MonthsR4 505.69
Total amount repayableR108 136.65
36 MonthsR3 406.14
Total amount repayableR122 620.87
48 MonthsR2 876.07
Total amount repayableR138 051.38
60 MonthsR2 573.02
Total amount repayableR154 381.38
72 MonthsR2 382.70
Total amount repayableR171 554.70
Loan Amount R100 000
24 MonthsR5 598.37
Total amount repayableR134 360.99
36 MonthsR4 228.01
Total amount repayableR152 208.50
48 MonthsR3 567.40
Total amount repayableR171 235.36
60 MonthsR3 189.72
Total amount repayableR191 383.23
72 MonthsR2 952.53
Total amount repayableR212 582.12
Loan Amount R120 000
24 MonthsR6 691.06
Total amount repayableR160 585.32
36 MonthsR5 049.89
Total amount repayableR181 796.13
48 MonthsR4 258.74
Total amount repayableR204 419.33
60 MonthsR3 806.42
Total amount repayableR228 385.08
72 MonthsR3 522.35
Total amount repayableR253 609.53
Loan Amount R140 000
24 MonthsR7 783.74
Total amount repayableR186 809.66
36 MonthsR5 871.77
Total amount repayableR211 383.76
48 MonthsR4 950.07
Total amount repayableR237 603.31
60 MonthsR4 423.12
Total amount repayableR265 386.93
72 MonthsR4 092.18
Total amount repayableR294 636.95

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.

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

Resume Your Application

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.

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.

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