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Sanlam Personal Loans offer South Africans the opportunity to borrow up to R350 000 at a fixed interest rate, with repayment terms of up to 84 months and rewards through Wealth Bonus®.

This product comes with valuable benefits, such as up to 10% of your loan amount back in Wealth Bonus® and an annual chance to win your dream car when repayments are consistently maintained.

Because Sanlam Personal Loans are unsecured, no collateral is required. Loan amounts start from R5 000, available in R1 000 increments, and repayment periods range from 12 to 84 months to suit your budget.

The personal loan calculator helps you estimate your monthly repayment clearly. However, your actual rate and fees will depend on your personal risk profile. Continue reading to understand these terms and conditions in detail.

APR	Loan Purpose	Loan Amount	Credit Score Requirement	Origination Fee
16% – 28% (max APR 27.29%)	Any personal need	R5,000 – R350,000	Based on credit assessment	Example: R1 207.50 for R50 000 loan

A closer look at the core elements of Sanlam Personal Loans

These loans have a fixed interest rate for the entire term, ensuring your monthly repayments remain consistent.

Repayments are made conveniently via debit order from the bank account into which your salary is paid.

Every loan includes Sanlam’s Personal Protection Plan, which settles your outstanding balance in the event of death, permanent disability, certain dread diseases, or offers limited retrenchment cover.

Approval is subject to your financial profile, and once all required documents are submitted, funds can be paid into your bank account within 24 hours.

Exploring all facets of Sanlam Personal Loans: benefits and drawbacks

When weighing up Sanlam Personal Loans, it’s worth considering both the strengths and the limitations, to determine whether this is the right product for you.

Benefits

• Wide loan range: Flexible amounts from R5 000 to R350 000 for different needs, from small emergencies to large personal projects.
• Flexible repayment terms: Choose between 12 and 84 months, allowing you to set a comfortable repayment pace.
• Wealth Bonus® rewards: Earn up to 10% of your loan amount back over time, adding long-term value to your borrowing.
• Fixed interest rates: Predictable monthly payments that remain the same for the full loan term.
• Additional incentives: Automatic entry into an annual draw to win a dream car when your account is in good standing.

Drawbacks

• Interest rate variability: The rate you receive depends on your credit profile and can be as high as 27.29%.
• Additional costs: Includes initiation fees and a monthly admin fee of R69, which increase the total repayment amount.
• Credit approval required: Your final loan amount depends on your affordability and credit assessment.
• Spousal consent: Needed if you are married in community of property or under certain legal marital arrangements.

By understanding these pros and cons, you can make an informed decision. If you need more clarity, Sanlam’s customer service team can provide detailed guidance.

Your guide to requesting Sanlam Personal Loans: let’s get started

Applying for a Sanlam Personal Loan begins with deciding on the amount you need and the repayment term that best fits your circumstances.

Once you’ve determined these, gather your required documents and choose how you want to apply (online, over the phone, or in person at a Sanlam branch).

Who can apply? Checking if you’re eligible

Applicants must live and work in South Africa, holding a valid South African ID document (either green barcoded or Smart ID).

You will need proof of residential address and income (three consecutive payslips or bank-generated statements). These allow Sanlam to assess your affordability and ensure compliance with credit regulations.

If you are married in community of property or under customary/foreign law, written consent from your spouse is required.

A full credit assessment will determine your eligibility and the loan amount you can access. For any requirements not listed here, contact Sanlam directly.

Pick the way you’d like to apply for Sanlam Personal Loans

You can apply online through Sanlam’s official website, uploading your documents and receiving guidance from the Sanlam AI Coach for a smooth experience.

Alternatively, visit a Sanlam branch to meet a consultant in person, discuss your needs, and complete your application.

You can also apply over the phone by calling the dedicated application line, where a consultant will walk you through the process.

If you prefer mobile access, Sanlam’s digital platforms or email-based call-back requests are also available.

Getting your hands on Sanlam Personal Loans: the journey ahead

Securing your Sanlam Personal Loan is simple, whether in person, by phone, or online. Check out the step-by-step process:

1. Choose your desired loan amount and repayment term.
2. Gather your documents: ID, proof of address, proof of income.
3. Select your application channel (branch, phone, online, or app).
4. Submit your application and supporting documents.
5. Wait for your credit assessment and approval.
6. Once approved, receive funds in your bank account.
7. Begin fixed monthly repayments via debit order.

Following this process ensures a smooth application. If you have questions, Sanlam is ready to help.

Taking a look at other available financial resources: Atlas Finance Payday Loans

While Sanlam Personal Loans are ideal for larger amounts and longer terms, some borrowers may prefer short-term, fast-access options.

Atlas Finance Payday Loans offer quick emergency funding from R500 to R8 000, with repayment periods from one to six months.

With over 30 years in the industry, Atlas Finance is a registered provider offering secure lending, even to those with limited credit histories.

You can apply online, in-branch, over the phone, or via WhatsApp, with many approvals within an hour and same-day fund transfers.

To see if this option is right for you, visit our dedicated Atlas Finance Payday Loans article for more details and comparisons.