Sanlam Personal Loans offer South Africans the chance to access between R5,000 and R350,000 with terms extending up to 84 months. Fixed interest rates start from as low as 16%, with a maximum APR capped at 27.29%. The process prioritises affordability, with a risk-profiled rate set individually for each applicant. As an added incentive, you can earn up to 10% of your loan amount as a Wealth Bonus® reward. Applicants need to provide valid South African ID, proof of residence, and three months’ original bank statements.

How to Apply

• Choose your loan amount (R5,000–R350,000 in R1,000 increments).
• Select a repayment term from 12 to 84 months.
• Submit your application and required documents (ID, proof of address, and bank statements).
• After evaluation, successful applicants receive funds directly into their bank account, often within 24 hours of approval.

Standout Advantages

One major benefit of Sanlam Personal Loans is flexibility. You can structure repayment terms to suit your budget, from one to seven years.

Another pro is the transparent, fixed interest, making budgeting predictable and manageable. The Wealth Bonus® adds extra potential returns, at no additional cost to you.

What Could Be Better

While the fixed rates are great, high-risk applicants may be offered interest at the upper end of the rate scale (up to 27.29%).

Additionally, an initial fee of R1,207.50 and a monthly admin fee of R69 apply, increasing the total repayment.

Verdict: Is Sanlam Personal Loan Right for You?

If you’re seeking a personal loan in South Africa that’s straightforward and rewards you for responsible financial behaviour, Sanlam Personal Loan offers solid value. The quick turnaround, flexible amounts, and potential rewards make this a recommended option for many.