Steps for getting a personal loan
Choose amount
Choose repayment term
Calculate repayment amount
How it works
Documents you will need
- Copy of your South African ID
- Recent proof of residential address
- Three months' original bank-generated PDF statements as proof of income
Calculate
Calculate the cost of your loan
When you decide to take out a Sanlam Personal Loan, our consultants will calculate your interest rate and initiation fee based on your personal risk profile.
Here is an example
- A R50 000 loan with a 24.5%* annual interest rate will cost R102,085.93 over seven years*The maximum Annual Percentage Rate (APR) is 27.29%. Your interest rate will depend on your credit score.
- Included is an initiation fee of R1,207.50 and a monthly admin fee of R69.Loans are subject to the National Credit Act, No 34 of 2005. Registered Credit Provider (NCRCP272)
How much do you need?
Enter a loan amount between R5,000 and R350,000
Over how many months would you like to repay it?
Monthly Repayment: R
Monthly Service Fee: R69
Interest Rates: 16% - 28%
faqs
Need to know more?
How much can I apply for?
You can apply for any amount, from R5000 and R350,000 in increments of R1 000.If I'm approved, how soon will I get my money?
If approved, your Sanlam Personal Loan amount could be paid directly into your bank account within 24 hours, depending on how quickly you can submit the necessary supporting documents.Do I need to provide any documents?
Our application process aligns with standard procedures when applying for personal loans in South Africa. When applying, 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 (account into which your salary is paid)
Is collateral necessary to secure my personal loan?
No, you don't as the Sanlam Personal Loan is unsecured.Do I need to get permission from my spouse 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.
Fund your dreams and win with Sanlam Personal Loans
avoid scams
Don't get caught by loan scams
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.
Beware of messages that:
- guarantee high returns
- pressure you to act quickly
- demand upfront payments
- promise low interest rates for personal loans
Get in touch
Speak to an expert
Monday to Friday 08:00 - 20:00
Saturday 08:00 – 20:00
Sunday – 08:00 – 14:00 Client support
Monday to Friday 08:00 - 20:00
Saturday 08:00 - 20:00
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