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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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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.

Calculate Your Monthly Repayment

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%.

R5 000 - R200 000

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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 Months R381
Total amount repayable R9 140
36 Months R305
Total amount repayable R10 971
48 Months R268
Total amount repayable R12 861
60 Months R247
Total amount repayable R14 807
Loan Amount R20 000
24 Months R1 279
Total amount repayable R30 706
36 Months R992
Total amount repayable R35 721
48 Months R853
Total amount repayable R40 958
60 Months R773
Total amount repayable R46 407
Loan Amount R40 000
24 Months R2 436
Total amount repayable R58 462
48 Months R1 877
Total amount repayable R67 574
60 Months R1 607
Total amount repayable R77 118
72 Months R1 451
Total amount repayable R87 075
72 Months R1 353
Total amount repayable R97 421
Loan Amount R60 000
24 Months R3 592
Total amount repayable R86 217
36 Months R2 762
Total amount repayable R99 427
48 Months R2 360
Total amount repayable R113 279
60 Months R2 129
Total amount repayable R127 744
72 Months R1 983
Total amount repayable R142 787
Loan Amount R80 000
24 Months R4 749
Total amount repayable R113 973
36 Months R3 647
Total amount repayable R131 281
48 Months R3 113
Total amount repayable R149 440
60 Months R2 807
Total amount repayable R168 412
72 Months R2 631
Total amount repayable R188 153
Loan Amount R100 000
24 Months R5 905
Total amount repayable R141 729
36 Months R4 531
Total amount repayable R163 134
48 Months R3 867
Total amount repayable R185 600
60 Months R3 485
Total amount repayable R209 081
72 Months R3 243
Total amount repayable R233 519
Loan Amount R5 000
24 Months R381
Total amount repayable R9 140
36 Months R305
Total amount repayable R10 971
48 Months R268
Total amount repayable R12 861
60 Months R247
Total amount repayable R14 807
Loan Amount R20 000
24 Months R1 279
Total amount repayable R30 706
36 Months R992
Total amount repayable R35 721
48 Months R853
Total amount repayable R40 958
60 Months R773
Total amount repayable R46 407
Loan Amount R40 000
24 Months R2 436
Total amount repayable R58 462
48 Months R1 877
Total amount repayable R67 574
60 Months R1 607
Total amount repayable R77 118
72 Months R1 451
Total amount repayable R87 075
72 Months R1 353
Total amount repayable R97 421
Loan Amount R60 000
24 Months R3 592
Total amount repayable R86 217
36 Months R2 762
Total amount repayable R99 427
48 Months R2 360
Total amount repayable R113 279
60 Months R2 129
Total amount repayable R127 744
72 Months R1 983
Total amount repayable R142 787
Loan Amount R80 000
24 Months R4 749
Total amount repayable R113 973
36 Months R3 647
Total amount repayable R131 281
48 Months R3 113
Total amount repayable R149 440
60 Months R2 807
Total amount repayable R168 412
72 Months R2 631
Total amount repayable R188 153
Loan Amount R100 000
24 Months R5 905
Total amount repayable R141 729
36 Months R4 531
Total amount repayable R163 134
48 Months R3 867
Total amount repayable R185 600
60 Months R3 485
Total amount repayable R209 081
72 Months R3 243
Total amount repayable R233 519

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

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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