How apply for your Sanlam Personal Loans

Learn about the Sanlam personal loans here, discover its advantages, and find out how to apply for it.

We know that unexpected events happen in life, and we often find ourselves needing to deal with them. In many cases, these unexpected situations involve money, which we weren’t prepared for. Therefore, we need to seek financial assistance, and if you’re currently facing such a situation, we will introduce the Sanlam personal loans to you here.

Sanlam understands that for various reasons, we may find ourselves in a tight financial situation, whether it’s due to unexpected events, medical expenses, or even to fulfill a dream. Therefore, they provide responsible lending, ensuring that you borrow an amount that won’t adversely affect your ability to repay, with a range from R5 000 to R300 000.

Sanlam Personal Loans

Sanlam offers you the opportunity to borrow money in case an unexpected situation has arisen in your life, with a fixed interest rate that makes repayment easier and helps you plan for it. With a generous borrowing range, you can obtain funds for whatever you need.

Furthermore, they conduct a credit analysis to ensure that you only borrow an amount that you will comfortably be able to repay. They always prioritize your financial security. With fixed interest rates, you’ll know the exact amount of your installments, allowing you to plan better and keep your payments on track.

How does Sanlam Personal Loans work?

How are the fees charged?

As previously mentioned, the interest rate is fixed, and you will know its value when signing the contract. But how is it determined? Well, the interest rate can range from 16% to 29.25%, and what determines the percentage of interest applied to your loan is the profile analysis that will be conducted. Additionally, there is a monthly service fee of R69, which covers the routine account administration.

Furthermore, on the Sanlam website, there is a calculator available. Before starting the simulation, you can use it to get a preliminary idea of what your repayment amount will be if you decide to apply for the Sanlam personal loans.

What are the payment terms of the Sanlam Personal Loans?

The repayment term offered by Sanlam is still quite flexible, allowing you to choose to repay the loan over 1 year or even up to 6 years, depending on your needs. With the fixed interest rates mentioned earlier, along with the monthly fee, the installment amount remains consistent. This enables you to adjust your expenses to accommodate the installment over the chosen period.

The payment is made through automatic debit from the account where you receive your monthly salary, ensuring that you won’t miss any installment of your personal loan.


  • Sanlam personal loans offer a high loan amount;
  • Borrowers have the opportunity to recover part of the payment through the Wealth Bonus program;
  • They feature low-interest rates compared to other loans in South Africa.

Disadvantages of the Sanlam Personal Loans

  • If you have poor credit, your interest rate will be higher;
  • You need to have a stable income;
  • The only payment method available is through automatic debit from the account where you receive your salary.

How to apply for a Sanlam Personal Loans

What are the prerequisites for loan application?

To apply for your loan, you must meet certain prerequisites required by Sanlam, and here we will tell you what they are:

  • Be a South African citizen;
  • Be over 18 years old;
  • Must live and work permanently in South Africa;
  • Have regular monthly income.

Apply through the website

To apply for the loan, simply visit their website. They will ask you to fill in your personal information, and some banking details will also be requested to confirm your employment relationship, enabling the credit analysis to be conducted.

Among the data that will be requested are: your full name, phone number, identity card number, email address, your monthly income, among other details.

Once you’ve done that, you just need to wait for loan approval. Once the money is deposited into your account, you can use it however you like.


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