Sanlam Personal Loans
Borrow up to R350,000 at a fixed interest rate
Earn up to R35,000 of your loan amount in Wealth Bonus®
Access your free monthly credit dashboard.
Steps for getting a personal loan
Documents you’ll need:
Copy of your South African ID
Recent proof of residential address
Last three months’ payslips or original bank-generated PDF statements as proof of income
Choose loan amount
Apply for any amount from R5,000 to R350,000 in increments of R1,000
Choose repayment period
Tailor your repayment term to suit your budget (from 12 months to 7 years)
Calculate repayment amount
Use the tool below to determine what you will need to pay per month
Monthly loan repayments
When you decide to take out a Sanlam Personal Loan*, our consultants will determine your interest rate and initiation fee according to your personal risk profile. Your loan repayment term can range from 12 months to 7 years, and the interest rate is between 16% and 29% per annum (compounded monthly). Let’s look at an illustrative example of a loan at an interest rate of 24.5% per annum: The loan amount is R50 000 plus a once-off initiation fee of R1 207.50 and a monthly admin fee of R69, over 6 years. This means that the total cost of the loan will be R102 085.93, which is a maximum Annual Percentage Rate (APR) of 27.29%. *Loans are subject to the National Credit Act, No 34 of 2005.Registered Credit Provider (NCRCP272)
Fund your dreams and win with Sanlam Personal Loans
Each year, one lucky Sanlam Personal Loans client has the chance to win their dream car.
This year, Mr Xolani Mgilane is the winner of a brand new Toyota Corolla Cross 1.8 XS CVT - just for keeping his Sanlam Personal Loan up to date.
Confidence rule 16:
There’s good debt and bad debt. Best learn the difference.
Access your free monthly credit dashboard.
Need help? Chat with Coach
Thinking about a loan? Coach can answer your questions, help you understand your options, and guide you through every step to find the best fit. Let Coach help you take on your loan journey with confidence.
He can also help you apply for a loan—whenever you’re ready!!
Frequently asked questions
- 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?
With a Sanlam Personal Loan your loan amount will be deposited quickly and directly into your bank account.
- Do I need to provide any documents?
When applying for a loan 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)
- Do I have to provide collateral to secure my personal loan?
No, you don't as the Sanlam Personal Loan is unsecured.
- Do I need to obtain permission from my spouse in order 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.
Need to talk to someone?
New application
0861 44 00 44
Monday to Friday 08:00am - 08:00pm
Saturday 8:00am – 08:00pm
Sunday – 08:00am – 14:00pm
Client support
0861 20 40 60
Monday to Friday 08:00am - 08:00pm
Saturday 8:00am – 08:00pm
ZABy continuing to the next step you accept the T&Cs
Knowledge is power
Learn more about Wealth Bonus®
Sanlam’s flagship products come with built-in Wealth Bonus®. Wealth Bonus® rewards contribute to your wealth and lifestyle in different ways. In essence, the more you invest, the more we invest in you.
Don't become a victim
The financial world attracts many bad people that take advantage of good people. Always look out for suspicious emails and messages, and tread lightly around potential scam artists who claim to be affiliated with Sanlam.
Learn more about credit
Credit doesn’t have to be “bad”. It forms part of your financial power and helps you buy things you need now, based on your commitment to pay later. The difference lies in distinguishing between good and bad credit.
Apply now for a Loan Online
Whether you need money for unexpected expenses or to fund a specific project, like starting a small business, study further or renovate your home, Sanlam can help you access a fixed interest rate personal loan up to R 350,000.