Sanlam Personal Loans review: get a loan easily

Get loans from R1,000.00 to R250,000.00 with fixed interest. Read this Sanlam Personal Loans review and learn all you need to know about it.


Sanlam Personal Loans: Earn Bonuses and Enjoy Fixed Interest Rates with Innovative Personal Loan Program

sanlam personal loans
See how Sanlam loans work. Source: The Post New.

Experience the unique rewards of a personal loan program offering fixed interest rates and bonuses on repayments. Here is our Sanlam Personal Loans review.

sanlam personal loans

How to apply for Sanlam personal loans?

In this Sanlam Personal Loans you will learn how to get your loan within just a few minutes. Read on and find out how!

This loan is best for working or self-employed individuals who need funds for personal purposes. Pay for education, improve your home, or consolidate debts with this loan!

  • Interest Rate: Customized, with a minimum of 15% per year and a maximum of 25% per year.
  • Loan Purpose: You can use it for a variety of personal purposes such as education, home improvement, debt consolidation, etc.
  • Loan Amount: R1,000.00 minimum, R250,000.00 maximum.
  • Repayment Terms: 24-month minimum, 72-month maximum.
  • Credit Needed: Working or self-employed with an income, with a strong credit rating potentially leading to a reduced interest rate.
  • Initiation Fee: R1,207.50 one-time fee.

How does Sanlam Personal Loans work?

Sanlam Personal Loan is a top-notch personal loan program in South Africa. It offers a money loyalty program that returns a portion of the loan amount to borrowers as bonuses. 

The loan has a fixed interest rate, customized for each account holder, which makes budgeting more effective. You can use it for various purposes such as paying for education, home improvement, debt consolidation, etc. 

You can do the loan application online or over the phone, and Sanlam accepts your application, they will deposit it in the applicant’s preferred account.

The Sanlam Personal Loan is available to those who are working or self-employed, with an age of at least 18 years and a minimum income. 

The minimum loan amount is R1,000 and the maximum is R250,000. The interest rate is fixed for the loan term, with a minimum rate of 15% per year and a maximum of 25% per year. 

The loan comes with a monthly service fee of R69 and a one-time initiation fee of R1,207.50. Sanlam Reality program members who make 12 consecutive repayments can receive up to 20% of their repayments back. The loan must be repaid within 24 to 72 months.

The maximum loan amount and access to Sanlam Reality are some of the advantages of the Sanlam Personal Loan.

A low minimum interest rate compared to other personal loan providers and the option to increase the loan by R1,000 at any moment are also benefits. 

However, early account settlement incurs penalties and those with poor credit will pay a higher interest rate.

The loan requirements include a green barcoded ID or Smart ID, the last three months’ payslips or bank statements, proof of residence, and bank account details.

Sanlam Personal Loans: should you apply for it?

sanlam personal loans
Achieve your dreams with the help of a personal loan. Source: Freepik.

So, now that you are familiar with this loan’s details, let’s compare its main benefits and disadvantages. Our Sanlam Personal Loans review would be incomplete without it.

Check out the list of pros and cons we’ve prepared below.


  • Offers money loyalty program
  • Fixed, customized interest rate
  • Reasonable maximum repayment period
  • Ability to increase loan amount


  • Penalties for early settlement
  • Higher interest for poor credit
  • Required monthly service fee
  • Loan purposes must be selected upfront

What is the required credit score?

Sanlam Personal Loans does not specify their credit score requirements. However, it is worth pointing out that the higher your credit score, the higher your chances of being approved.

Learn how to apply for Sanlam Personal Loans

Do you like what you have seen in this Sanlam Personal Loans review? If so, click the link below to access our application guide, and learn how to get your loan today!

sanlam personal loans

How to apply for Sanlam personal loans?

In this Sanlam Personal Loans you will learn how to get your loan within just a few minutes. Read on and find out how!

About the author  /  Danilo Pereira

Danilo is a copywriter with a passion for learning. Deeply interested in philosophy, politics and arts.

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