Sanlam, in partnership with Finance27, offers a personal loan solution designed for people who need quick access to cash. The Sanlam Express Loan comes with a maximum APR of 30%, allowing flexibility in choosing your loan amount and repayment date. Funds are typically paid into your bank account on the same day of approval, making it a fast solution for urgent expenses.

Loans are available for South African citizens who are 18 years or older, have a valid SA ID and bank account, and are employed. Each loan is a separate agreement, with no revolving facilities, ensuring you know exactly what you owe every time.

How to Apply: Step-by-Step

• Go to the Sanlam Express Loan application page
• Select the loan amount and preferred repayment date
• Fill in your ID, contact, and financial details
• Submit the application for an instant eligibility check
• On approval, receive the payout directly to your bank account

Pros of the Sanlam Express Loan

One of the biggest advantages is the quick turnaround, with most loans paid out within 24 hours. This is ideal if you need funds urgently.

The application process is entirely online, easy to navigate, and includes an instant eligibility check. You don’t have to wait in queues or do lengthy paperwork.

Cons of the Sanlam Express Loan

Since each loan is a separate contract, there are no credit or revolving facilities, so you can’t draw more funds without a new application.

Missed repayments incur a monthly fee and added interest, plus potential handover to collections, which can affect your credit history negatively.

Verdict

The Sanlam Express Loan is a solid option if you need fast cash and straightforward terms. With a clear cost structure and speedy payouts, it can be convenient. Remember to manage repayments to maintain a healthy credit score.