A trusted lender with an outstanding reputation in the industry that offers comprehensive financial solutions is Sanlam.
Established in1918, Sanlam is a reliable and trusted financial services provider which continues to provide quality insurance and credit-related products and services. Based in Cape Town, with branches across Africa, Europe, America, Australia and India, Sanlam has close to a century of expertise in the financial services industry.
Sanlam Personal Loans of up to R200 000 are offered, with a fixed interest rate. This gives clients the benefit of knowing that their instalments are fixed for the duration of the loan term. Instalments won’t be affected by fluctuations in the interest rate.
Offered from R5000, Sanlam Personal Loans are offered in increments of R1000.
What benefits are offered by Sanlam Personal Loans?
As a registered credit provider, Sanlam will only provide loans to individuals who can comfortably afford to repay. The loan amount granted will be based on your personal financial profile and is subject to credit approval.
Repayment terms are flexible, so you have between 24 months and 6 years to repay the personal loan.
The fixed rates make it easier to budget every month.
Sanlam Personal Loans are unsecured, so there is no collateral required for the application.
A Personal Protection Plan is included, which settles your outstanding loan balance in the event of your death, permanent disability or certain dread diseases.
What documents are required to apply for Sanlam Personal Loans?
- Copy of your valid South African ID
- Latest 3 months’ bank statements
- Bank details of the account into which your monthly salary is paid
To potentially qualify for Sanlam Personal Loans, you need to both work and live in South Africa.
The application process is simple and can be completed online.