Steps for getting a personal loan
Choose amount
Choose repayment term
Calculate repayment amount
How it works
To apply you need to:
- be 18 years or older
- be a South African citizen with a valid ID,
- have a mobile number & email address,
- submit 3 months’ bank statements, showing 3 salary deposits.
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 R4,000 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 R4,000 up to R35,0000 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?
Yes, you will need to provide bank statements for the last 3 months, showing 3 salary deposits.
You can choose to upload these during the application process or email them to docs@sanlamgotyme.co.za
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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