Rating based on 18 reviews

Sanlam Personal Loan

  • Personal loans up to R200,000
  • 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 November 24, 2020]

About Sanlam Loans

Sanlam has a rich 100-year history and has grown from a local South African insurance provider to a diverse financial services provider offering everything from business to personal loans. 

Sanlam has expanded into global markets and serves developed markets such as Australia, Switzerland, the US, and the UK. In terms of emerging market reach, Sanlam serves India, Malaysia, the Philippines, Saudi Arabia, and more than 25 African countries. 

Sanlam’s business clusters

  • Personal Finance
  • Emerging Markets
  • Investment Group
  • Santam
  • Sanlam Corporate 

Sanlam’s unique service offerings

Sanlam is well known for its insurance offerings but, they offer a range of financial services designed for high-income individuals. They tailor each of their financial products and services to your unique risk profile while taking into account your unique needs and goals. 

From personal loans to financial and retirement planning, Sanlam’s diverse and comprehensive range of services offerings is unlike any other. 

In addition to their personalized financial and insurance products, Sanlam’s consultants and financial advisors can deliver a wealth of beneficial advice and goal-orientated financial plans. 

Sanlam Loans Services

Sanlam is a registered services provider and delivers a range of credit products including business, corporate, and personal finance.

Whether you need a personal loan to revamp your new home, consolidate unsecured debt or start the venture of your dreams, Sanlam has you covered.

Personal loans from just R5,000

Their personal loans offer from R5,000 to R200,000 with flexible, tailored repayment terms stretching from 24 months to 6 years, depending on your individual affordability and risk profile.

Another great feature of their loans is the fixed repayments across your entire loan terms. This makes it easier to budget for your repayments and ensures you can plan well ahead. Currently, their interest rates range from just over 18% to 24%.

What to use your personal loan for

You can use your Sanlam personal loan for home improvements, education, debt consolidation or to start a small business.

What you qualify for will depend entirely on your personal risk profile and affordability and will be established by a Sanlam consultant or your personal banker before loan approval.

Earn cash backs with Sanlam Reality

Sanlam Reality offers you a range of discounts on certain health, wealth, and lifestyle products and services. Also, you could enjoy 20% cashback or R20,000 cash once you’ve made repayments on your personal loan for a year.

Sanlam Loans – Personal loan

  • Loan Type Personal loans
  • Interest Rate 18.5524.50% p/a
  • Loan Amount up to R200,000
  • Repayment 2 years to 6 years

Benefits of Sanlam Loans

  • Low-interest rates starting from 18.55%
  • Qualify for a personal loan up to R200,000
  • Get a repayment term up to 6 years

Personal loan calculator

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

Personalised service tailored to you and your unique needs

Your personal banker or one of Sanlam’s expert financial advisors will be able to assist you in making a loan application and tailoring your repayments to suit your budget and financial goals. 

Your personal banker or one of Sanlam’s expert financial advisors will be able to assist you in making a loan application and tailoring your repayments to suit your budget and financial goals. 

If you’re an existing Sanlam client, you may already be pre-approved for a personal loan, in which case you can accept the offer and have your loan credited in no time! Even those who are not South African citizens but are currently living and working in our beautiful country may be able to qualify for a loan. 

Documents required when applying

  • Your South African ID
  • 3 months’ payslips and/or bank statements
  • The details of the account into which your salary is regularly paid 
  • Those who are married in a community of property or under customary law will need consent from their spouse to take out a personal loan.

Your banker will be able to assist you with all the additional documents and requirements as they arise. 

A seamless online loan application 

Whether you’re an existing Sanlam client or not you can apply for a quick loan online.

You can also fill in a quick qualification form that will indicate whether or not you qualify for a loan. Those that are under administration, sequestration or debt review will not be able to access a loan. 

Making your repayments on time and in full 

In addition to protecting and building a good credit profile, keeping up with your repayments will ensure you can benefit from Sanlam Reality’s cashback benefit after 12 months. 

All repayments will be automatically debited from your account on the date that you select. Your personal finance also automatically includes a personal protection plan that will settle your loan in the event that you are unable to do so. This gives you peace of mind and ensures that you and your family are well taken care of. 

Customer Reviews & Testimonials

April 2020

My Sanlam personal loan Came to the rescue when I needed it the most and allowed my wife and me to fix up our newly purchased home when money was tight. I would definitely recommend Salam for all...

Ricky J
— Port Elizabeth —

May 2020

I’ve had a Sanlam insurance policy for a while but had no idea how great their financial products were until I took out a small loan to help me consolidate some debts that I had been dragging alo...

Sipho N
— Pretoria —

December 2019

My banker is an absolute star and helped my husband and get the loan we needed to make our dream wedding come true. I am so grateful for your superb team!

Jasmine Z
— Soweto —

Sanlam Loans Contact

Contact Number


  • not available


Physical Address

  • 2 Strand Rd, Labiance Cape Town Western Cape 7530 South Africa
  • Get Directions

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