Rating based on 6 reviews

Sanlam Loans

  • Personal loans up to R300,000
  • Low-interest starting from 18.55%
  • Repayment up to 6 years

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Sanlam Loans homepage
Author Sanlam Loans. Screenshot of Sanlam Loans website.
[Accessed December 8, 2022]

About Sanlam Loans

In 1954 Sanlam broke away from Santam to become an independent mutual assurance company.

At that time, they were focused on providing life insurance to South Africans. Since then, they've continued to change and grow. Sanlam is an accredited financial services provider.

Flexible personal loans from R5,000

  • Personal loans are long-term loans that allow you to borrow large sums of money.
  • A Sanlam personal loan offers you between R5,000 and R300,000.
  • You get to choose a repayment term of between 12 months and 6 years.
  • This flexibility is what makes personal loans so attractive. Pay smaller monthly installments by choosing a longer loan term.

Fixed interest rates that help you budget

Sanlam offers you a fixed interest rate. The interest you pay every month will stay the same until your loan term ends.

Depending on your risk profile you can expect to pay an interest rate of between 18.55% and 27.29% per year. That amount is then broken down into monthly installments.

Additional fees and offers

  • The other fees you'll be charged are a monthly service fee of R69 per month and an initiation fee.
  • The initiation fee is once-off and is worked out as a percentage of your loan amount.
  • The amount is then split over your loan term. Sanlam offers a loan calculator on their site that you can use to get a rough estimate of what the loan in its entirety will cost you.

A fine-tuned credit solution ready to meet your needs

Get your fine-tuned personal loan from Sanlam and take an extravagant holiday, renovate your master bedroom, or pay for a special event for a loved one. The only limit to what you can spend this loan on is your imagination!

Sanlam Loans Services

Personal loans are not the only service Sanlam has to offer.

Life insurance was where they started, but today they offer a wide range of financial solutions. They cater to individuals as well as the small business sector.

Here are a few of the brilliant services they provide

  • Retirement annuity
  • Critical illness cover
  • Disability cover
  • Unit trusts
  • Online Wills and more!

Sanlam rewards its members for faithfully repaying their personal loans by offering them the chance to get back up to 20% of the loan repayment. You can qualify for this by becoming a member of Sanlam reality.

Pay back your loan for 12 months without default and you could qualify for this awesome offer.  This is done to encourage clients to become more responsible with their finances. After all, the better your credit score, the better rates you can get on future loans.

A lender that cares

Your financial future is also something Sanlam is interested in. Visit their website for handy tips on how to make sure you don't get taken advantage of by charlatans looking to steal your savings. Sanlam also makes use of the Debicheck system.

This means that once you have an agreement with Sanlam, you'll be contacted by your bank to confirm that you have authorised the debit order.

Use your personal loan to save yourself money and the stress of dealing with multiple accounts. Calculate the total of your outstanding debt, credit cards included. Take out a personal loan from Sanlam to cover the amount and pay off your debts.

Sanlam Loans – Personal loan

  • Loan Type Personal loans
  • Interest Rate 18.5527.29% p/a
  • Loan Amount up to R300,000
  • Repayment 12 months to 6 years

Benefits of Sanlam Loans

  • Affordable personal loans up to R300,000
  • Fixed interest rates starting from 18.55%
  • Repayment terms up to 6 years

Personal loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This personal loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Sanlam offers you amazing terms on personal loans

Applying for your personal loan is the easy part.

Simply go to the Sanlam site and click apply. If you'd like to find out if you qualify for the loan before filling in the forms, give their call centre a ring.

Sanlam's capable call centre agents will gladly give you any additional assistance. Then fill in a loan application online and provide them with the necessary documentation.

This is a list of the documents you'll need to apply:

  • S.A. Identity Document
  • The details of the bank account (your repayments will be deducted from)
  • Your payslips for the last 3 months

One must be a South African citizen working in S.A. to be eligible for a loan with Sanlam. Depending on your marital status, your spouse will also be required to consent to the loan agreement.

Save on interest and admin fees

By trading all those accounts for one loan, you save on the interest and administration fees you pay every month to every company.

Before using your loan this way, make sure none of your debts has early repayment penalties. If they do, take it into account when applying for your consolidation loan.

No security required

You won't be asked for collateral on a personal loan from Sanlam. These loans are unsecured loans and will be extended based on your ability to repay them. A bad credit record may lead to your application being denied.

If you have a bad credit record and don't need the loan urgently, take some time to pay off some of your debt. Improve your credit score, and it'll open doors for you.

Once lenders see that you've made an effort to correct your past financial errors, you'll find it easier to get a personal loan with terms that suit you.

man holding thumbs up

Sanlam Loans is a trusted & reliable provider of personal loans

In our review, Sanlam Loans adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Sanlam Loans is a registered credit provider in South Africa: NCRCP272

Customer Reviews & Testimonials

January 2020

I recommend Sanalm to anyone looking for a loan. Their service is fast and efficient. The rewards system is first-rate!

Kate D
— KZN —

April 2020

I managed to pay for my wedding with the loan I got from Sanlam. The rewards system is awesome!

Gill H
— East London —

February 2019

The call centre agents are helpful and friendly. Get your personal loan, funeral policy and life insurance all in one place!

Harry R
— Cape Town —

Sanlam Loans Contact

Contact Number


  • not available


Physical Address

Opening Hours

  • Monday 08:00 – 17:00
  • Tuesday 08:00 – 17:00
  • Wednesday 08:00 – 17:00
  • Thursday 08:00 – 17:00
  • Friday 08:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed