- Amount: R5.000 - R200.000
- Term: 2 - 6 years
- Age: 18 + years:
Sanlam table of repayments
A representative example
Let’s look at an illustrative example of a loan at an interest rate of 27.75% per annum: The loan amount is R50 000 plus a once-off initiation fee of R1 207.50 and a monthly admin fee of R69, over 72 months. This means that the total cost of the loan will be R110 594.54, which is a maximum Annual Percentage Rate (APR) of 30.98%.
Sanlam experience and discussion
Tell us your experience with Sanlam at email@example.com and we will publish it anonymously into our discussion.
Is Sanlam a scam?
No. The product is absolutely fine and no need to worry about anything hidden. The company Sanlam Group really provides these loans.