Sanlam has teamed up with Finance27 to bring South Africans a fast, simple online express loan solution. The Finance27 Express Loan is a short-term offering designed for speed and ease. With an interest rate capped at 30% APR and flexible repayment dates, it’s tailored for those who need cash in a hurry without red tape.

This product is available to South Africans over 18 with a valid SA ID and bank account. Once approved, funds are usually paid out on the same day, giving you prompt financial relief when you need it most. The fully online application means quicker results and less hassle.

How to Apply Step by Step

1. Visit the Finance27 loan page via Sanlam.
2. Choose your loan amount and select your preferred repayment date.
3. Fill in a quick online form with your ID, contact, and employment details.
4. Submit your application and receive an instant eligibility check.
5. After approval, get the funds deposited directly into your bank account, sometimes within minutes for a small extra fee.

Pros of the Sanlam Express Loan

One major advantage is the rapid turnaround: approvals and payouts are completed on the same day, even instantly for a fee. The process is 100% online, so there’s no need for paperwork or branch visits.

Additionally, you get real-time, upfront cost estimates before applying, allowing you to make informed financial choices and avoid hidden surprises.

Cons of the Sanlam Express Loan

Interest rates for short-term loans are high—up to 30% APR—which can make borrowing expensive if not managed responsibly. There are also additional fees for fast payment and penalties for missed repayments.

Sanlam Express Loan isn’t available to those without a job or with inactive bank accounts, limiting access for some potential applicants.

Our Verdict

In summary, Sanlam and Finance27 provide a reputable, quick online loan for urgent cash needs. The simple application and same-day payout set it apart for speed. However, applicants should consider costs and make sure they can afford repayments. For employed South Africans requiring fast funds, this solution stands out as convenient and dependable.