Updated 17.11.2021

Sanlam Personal Loan

Are you looking for an established creditor in South Africa that can lend you a good sum of money? You may want to look into Sanlam SA and see their personal loan offers.

What is Sanlam?

Sanlam SA is a cornerstone in the financial industry of South Africa, having been established way back in 1918. Today, they’ve become a diversified financial services provider to more than 15 countries worldwide, including 10 countries in Africa.

Sanlam Loans South Africa Website

Getting Your Loan

You can apply for a Sanlam personal loan by filling out their online application form.

The company offers unsecured personal loans ranging from R5 000 to R200 000. The amount loanable will be based on your financial profile and credit risk. You can spend the borrowed money any way you want to.

Once you submit your loan application. They will check your financial status and credit rating to see if you’re fit to be given a loan. They will never approve your loan request, knowing that you can’t repay it and it will just put you into deeper debt.

Sanlam SA will do its best to complete the loan application process as quickly as possible and as soon as you sign the personal loan agreement, they will deposit the loaned amount directly to your bank account.

Interest & Fees

The interest rate and initiation fee charged on your loan will depend on your credit risk profile.

Interest rates are fixed, meaning they won’t be affected by rate fluctuations. Your monthly repayments will remain the same until you complete the term.

Interest rates range from 21.9% to 27.75% per year. This, however, compounds monthly, so make sure you repay your loan on time to avoid blowing up your debt.

For example, you take an R50 000 loan with an APR of 27.75%. You’re offered an initiation fee of R1 197 and a monthly service fee of R68.40. The repayment term is 6 years. Summing all these things up, your total loan will amount to R110 529.68.

For a more detailed view of the rates and repayment terms, you can take a look at their loan table available online.

Repayment Schedule

The repayment terms can be customized according to your budget. You can repay your debt within 2 years or up to a maximum of a 6 years loan repayment term. Monthly repayments are fixed, meaning there will be no increase or decrease in the amount throughout your whole loan term. This way, you can include it in your budget easily.

Monthly instalments are automatically debited from the bank account you provided. This is why it’s important that you give the same bank account details where your salary is regularly deposited.


You should submit the following documents together with your application form to get your request processed immediately:

  • A copy of either your Smart ID card or your barcoded, green ID book
  • Proof of Income – Usually in the form of payslips and bank statements for the past 3 months

You have to be living and working in South Africa to qualify for a Sanlam personal loan.

Contact Details

You can get in touch with them by completing their contact form online.

To inquire about Sanlam personal loans, you can call them at any of these numbers:

Phone: 0860 726 526 or (021) 947-9111

You can drop by their office to personally apply for a loan or clarify questions you have in mind.

Office Address: Sanlam Head Office, 2 Strand Road, Bellville, South Africa

They’re open during weekdays, from 8:00 AM to 5:00 PM.