How to apply for the Sanlam Personal Loans?
Learn how to apply for Sanlam Personal Loans and borrow up to R300,000 while getting rewarded up to 10% of your loan amount for qualifying products.
Apply for Sanlam Personal Loans: borrow up to R300,000 and get rewarded up to 10% of your loan amount
If you need to fund a project or cover an unplanned expense, take a look at how simple it is to apply for Sanlam Personal Loans.
But, before, learn how the loan works and how you can benefit from it.
In the first place, Sanlam commits to offering you reasonable and affordable agreements, so you can feel peace of mind knowing that you won’t be offered something that you couldn’t pay back.
In the second place, rates and fees are personalized for the same reason.
Also, you can borrow from R5,000 to R300,000 to repay in up to 6 years.
Salam gives your resources to estimate your loan repayment, as well as rewards for you to earn up to 10% of your loan amount for qualifying products.
Certainly, it is an excellent alternative for those who need fast money to cover a planned or unplanned expense.
Online Application Process
Firstly, you must provide the following documentation:
- A valid South African ID;
- A recent document that proves your residential address;
- Recent three months of a bank statement or payslips to prove your income.
To apply for Sanlam Personal Loans, you need to fill out the online form with your personal information, including your monthly gross income.
After applying and being approved, your funds will be directly deposited into your bank account.
You will be redirected to another website
Application Process using the app
You can download the mobile app to manage your account. However, it is important to apply using the online application form, described above.
You can also call +27 86 144 0044 to qualify.
Sanlam Personal Loans vs. FNB Loans
Salam offers personal loans for people who need to cover emergencies or even fund projects. Thus, you can borrow up to R300,000 to repay in up to 6 years and get rewarded on the way.
However, it is always important to check alternatives. A useful and reliable alternative is getting a loan from First National Bank. Then, find out more on the comparison chart below.
|Sanlam Personal Loans||FNB Loans|
|APR||Fixed and personalized (between 15% and 28.25%)||Short term: up to 5% per month (max)Long term: from 16.5% to 28.25% (based on the current prime rate)|
|Loan Purpose||Personal (medical emergency, project funding, unexpected or expected expense)||Personal (larger unplanned or planned expenses)|
|Loan Amounts||From R5,000 to R300,000||Up to R300 000|
|Credit Needed||Not disclosed||Not disclosed|
|Terms||From 12 months to 6 years||Up to 60 months|
|Origination Fee||Not disclosed||Not disclosed|
|Late Fee||Not disclosed||Not disclosed|
|Early Payoff Penalty||Not disclosed||None|
If you want to proceed with this alternative, check out how simple it is to get access to loans through First National Bank.
About the author / Aline Augusto
Reviewed by / Aline Barbosa
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