Debit Order Authorisation is a process to activate Debit Checks that credit providers ask for their clients to avoid risks and fraudulent situations. In summary, South African financial institutions have introduced the initiative of Debit Checks as a form to help South Africans against incorrect debit order authorizations. So, Sanlam may ask you to approve a Debit Check with your bank.

According to Sanlam, its clients usually use their personal loans for debt consolidation, home improvements, and education, as follows: 19% use personal loans for debt consolidation; 26% on home improvements; 16% on education. However, you may use a personal loan for whatever you need since it follows the terms and conditions of any loan agreement.

After filling out the online application form, Sanlam will review the form to design a loan agreement that will fit your budget. Then, if approved, the funds will be directly deposited into your bank account.