Sanlam has teamed up with Finance27 to provide an express online loan solution tailored for South Africans who need money urgently. This offer targets individuals seeking fast payouts and an application that’s simple and fully digital. The Finance27 loan gives you access to short-term funding at a maximum APR of 30%, with funds paid into your bank account—often on the very same day your loan is approved. There are no revolving or ongoing credit lines; each loan is a separate agreement with transparent terms.

How to Apply: Simple 3-Step Process

1. Choose your loan amount and preferred repayment date to see real-time total cost.
2. Fill in the online form with your ID, income, expense, and employer details.
3. After approval, your funds are sent straight to your bank account—fast and hassle-free.

Key Advantages

Firstly, the same day payout option is fantastic for emergencies. Once your loan is approved, funds arrive quickly—sometimes instantly, if you pay a small fee.

Secondly, the entire process is online and streamlined. No paperwork, no queues, and eligibility is checked almost immediately, making things less stressful for busy applicants.

Potential Disadvantages

While the interest is capped at 30% APR, this rate is still on the higher side for those used to personal loans from banks. Repeated borrowing can add up in costs.

If you miss repayments, extra fees and interest apply. Ignoring collections could lower your credit score, making future borrowing more difficult from other providers.

Our Verdict

Finance27’s express loan, distributed through Sanlam, is excellent for those needing urgent short-term cash with minimum bureaucracy. The lack of revolving credit means you stay in control and never borrow more than you planned. It’s a strong choice for those who value speed and convenience over lower interest rates, as long as repayments are made on time.