Steps for getting a personal loan
Choose amount
Apply for any amount from R5,000 to R350,000 in increments of R1,000
Choose repayment term
Tailor your repayment term to suit your budget (from 12 months to 6 years)
Calculate repayment amount
We consider your finances and will not lend you more than you can afford
How it works
Get up to R350,000 with a Sanlam personal loan with flexible repayment terms and earn up to 10% of your loan amount in rewards.
Copy of your South African ID
Recent proof of residential address
Three months' payslips or original bank-generated PDF statements as proof of income
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 six 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)
Your reward - at no extra cost
Most of our insurance solutions come with Wealth Bonus included as part of your benefits. Your premium pays for your cover and we will contribute an additional amount to Wealth Bonus, with every premium.
- How Wealth Bonus pay-outs work
For all your Wealth Bonus® benefits, if you keep the product for long enough, the full amount will eventually unlock and become yours. But if you cancel or lapse, or if you die, any locked Wealth Bonus® will be lost. It will also be lost if the market underperforms, because Wealth Bonus® performs like a real investment. When exactly Wealth Bonus™ unlocks and how it is made available, will depend on your product.
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.
Speak to an expert
New applications Monday to Friday 08:00 - 20:00 Saturday 08:00 – 20:00 Sunday – 08:00 – 14:00
0861 44 00 44
Client support Monday to Friday 08:00 - 20:00 Saturday 08:00 - 20:00
0861 20 40 60
ZABy continuing to the next step you accept the T&Cs
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