Sanlam Personal Loans hustle free application process can help you when you need credit to consolidate your debt, pay school fees or you want to complete home improvement project.
Sanlam is a registered financial and credit provider, a South African financial institute that has been around for 106 years, surely Sanlam is a trusted company and with their loan product you can borrow an amount starting from a minimum of R5000 up to maximum of R300 000, the repayment term ranges from 12 months up to 6 years.
Sanlam Personal Loans have Competitive Interest rate that start from 16% up to 29,25% and the monthly service fee for every loan amount its R69, for example if you successfully borrow a loan amount of R100 000 for a period of 6 years, your monthly repayment will be between R3067 and R4018 in total you are going to pay about R119 000, initiation and service fees included.
Sanlam Personal Loans Benefits
Sanlam offers a range of benefits for its qualifying customers and they are as follows:
- Sanlam offers fixed interest rates for every loan amount
- Qualifying customers get Wealth Bonus where they are able to get 10% from their borrowed loan amount
- For every qualifying product you are eligible to get Sanlam Monetary Reward
- When you have settled your loan you will get your Wealth Bonus on the EasyEquities app account, if you are not registered on the app your bonus will be sent directly to your bank account.
Sanlam Personal Loans Eligibility Requirements
The eligibility requirements that follows are important in order to qualify for the personal loan product:
- You must a South African citizen
- 18 years or older
- Must be permanently employed or self employed
- Must have an active bank account in order to process the DebiCheck
Sanlam Personal Loans Required Documents
The following documents will be needed when applying for the loan whether online or in person:
- A copy of your Valid South African ID document or card
- Proof of Residence not older than 3 months
- Proof of Income (for example, Payslip or bank statement) both documents should not be older than 3 months
Where Can I Apply For Personal Loan
When meet the requirements mentioned above and you have all the required documents you can simply apply for a Sanlam Personal Loan online on their website or you can visit your nearest branch if you prefer applying face to face.
When you have applied and got approved for the loan your money will be sent to your respective bank account immediately.
Sanlam Contact Details
Wanna get in touch will Sanlam regarding their credit products you can use the following details:
Cellphone number for new clients: 0861 440 044
Cellphone number for existing clients: 0861 204 060
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