Sanlam Loans review: everything you need to know

Wondering if a personal loan through Sanlam is the right choice for you? This comprehensive review will cover everything from interest rates and fees to eligibility requirements and repayment options.


by Vinicius Barbosa

Published on 01/15/2023

Sanlam Loans: Up to 20% cashback on monthly repayments!

Sanlam Loans
Looking for a loan? Read this review to see if Sanlam is a match for your needs. Source: The News Stacker.

With so many lenders available to choose from, it can be difficult to narrow down your list of potentials. To help make things easier – and potentially save you time and money – we have created this Sanlam Loans review.

Sanlam Loans

See how to apply for the Sanlam Loans

Learn how to apply for the Sanlam Loans. With competitive rates and helpful customer service, it's easy to get the funds you need.

This post will explore the advantages of applying with them, their interest rates, and applicable fees. Keep reading to learn whether a personal loan through Sanlam is an ideal way forward or if another lending institution might suit your needs better!

  • APR: There is a maximum of 27.29% APR
  • Loan Purpose: Personal, home improvements, debt consolidation, and more.
  • Loan Amount: up to R300 000
  • Credit Needed: Not specified
  • Terms: From 12 months to 6 years
  • Origination fee: There is a once-off initiation fee of R1 207.50
  • Late Fee: Not specified
  • Early Payoff Penalty: Not specified

Sanlam Loans is a great option for those who need quick access to emergency funds, as no assets are needed to secure the loan. 

They provides credit life insurance for additional peace of mind. Sanlam Reality members can access cashback deals if they make 12 consecutive repayments – meaning you could earn back up to 20% of your loan repayments, capping out at R20,000!

Sanlam Loans: What can you expect?

The Sanlam Loans offer a range of benefits and services that make borrowing money a simpler and safer experience. Firstly, Sanlam provides unsecured loans – you don’t have to deposit an asset to secure the loan. 

Additionally, Sanlam has credit life insurance, so your family won’t be stuck dealing with loan repayments should something happen to you during the loan’s term. 

Sanlam Reality members can also benefit from their cashback deal. Get up to 20% of their monthly loan repayments, up to R20,000. Sanlam may just be the lender for your next big purchase or project! 

Check the rest of our Sanlam Loans review before signing off on anything.

Do the pros outweigh the cons?

Sanlam Loans
Get the extra money you need to achieve your goals! Source: Canva.

In this Sanlam Loans review, you’ll find all the necessary information to help you decide whether or not it ticks all your boxes. Let’s take a look at the pros and cons


  • Cash Back deals that can get up to 20% of the monthly loan repayment.
  • There’s no collateral
  • The loans can be increased by R1000.00 at any moment.


  • Higher interest rate if you have poor credit
  • Penalties for early account settlement.

What are the eligibility requirements?

Sanlam Loans review the eligibility requirements when deciding if an individual qualifies for a loan. To be eligible, you must be both a resident and an employee of South Africa. 

Sanlam does not stipulate an explicit minimum income requirement, but they assess your financial standing to ensure that you can actually afford the loan. 

Good credit is also essential; Sanlam will only approve applications where a person’s credit file is in good standing. Be sure to meet these stringent criteria, and Sanlam may just grant you access to the loan you’re looking for!

Learn how to request the Sanlam Loans

Sanlam Loans is ready to review your loan application – if you meet the eligibility requirements. And the application process is simple!

Just follow the link below for our comprehensive guide on how you can apply!

Sanlam Loans

See how to apply for the Sanlam Loans

Learn how to apply for the Sanlam Loans. With competitive rates and helpful customer service, it's easy to get the funds you need.

About the author

Vinicius Barbosa

Vinicius Barbosa is a writer of finance-related content on this portal. Graduated in Social Communication, he writes about everything that involves the world of finances, from credit card recommendations to investment tips, for readers who want to make better decisions when it comes time to spend their money or invest wisely.

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