Sanlam Express Loan
Short-term loans up to 30% APR, get approved within hours and funds on the same day. Quick application and simple eligibility for employed South Africans.
Sanlam, in partnership with Finance27, offers the Express Loan solution for those who need access to quick cash. With a maximum APR of 30% and no revolving credit, this product caters to employed South Africans needing a short-term financial solution. Payments are typically made on the same day as approval and you can manage your repayment date to fit your needs. To apply, you must be 18 years or older, have a valid South African ID and bank account, be employed, and provide details like income, expenses, and your employer’s information.
How to Apply: Quick Steps
- Choose your loan amount and preferred repayment date to see the cost estimate.
- Complete the simple online application with your ID, banking, employer and income details.
- If approved, funds are paid directly into your bank account—often the very same day.
Sanlam Express Loan Pros
- Funds can be available within hours of approval, including an instant option for a small fee.
- The application process is fully online, fast, and user-friendly, with 24/7 availability.
Sanlam Express Loan Cons
- The interest rate is up to 30% APR, which is higher than standard personal loans.
- Missing payments may result in costly penalties and handover to debt collectors after two missed months.
Our Verdict
The Sanlam Express Loan is a solid choice for employed South Africans needing fast, urgent cash with clear short-term terms. The process is easy and transparent but comes with higher costs if not repaid on time. If you’re confident in meeting the repayment, it’s a strong option for immediate credit needs.
