Sanlam’s Express Loan, in partnership with Finance27, provides a quick solution for South Africans needing fast financial assistance. With a seamless online application, borrowers can get funds within the same day. The maximum annual percentage rate is capped at 30%. Every application requires standard documentation and a South African ID, and there are no revolving credit facilities—each loan is a separate agreement.

How to Apply – Step by Step

1. Choose your loan amount and repayment date online to instantly view total costs.
2. Complete the digital application form with your ID, personal and income details.
3. Wait for approval. If successful, receive funds in your active SA bank account, usually within hours.
4. Repay using a convenient debit order or agreed method.

Advantages

One major advantage is the fast approval and payout process—money can be in your account on the same day. This makes it especially appealing in emergency situations or when urgent cash needs arise.

Further, the application is entirely online. With real-time cost estimation and no need to visit a branch, it removes hassle for busy customers. It’s ideal for those seeking efficiency and transparency.

Drawbacks

However, Sanlam’s Express Loan is not available for those under 18 or without a South African bank account and ID. The maximum interest rate of 30% APR may also feel steep for some borrowers.

Non-payment can lead to significant service fees, additional interest, and even handover to debt collectors, so timely repayment is essential to avoid extra charges and credit score hits.

Final Verdict

For South Africans needing speed, simplicity, and clarity in accessing a short-term loan, the Sanlam Express Loan via Finance27 stands out. While the interest rate is at the regulated maximum and strict repayment rules apply, the efficiency and transparency of the process make it a compelling option worth considering for urgent needs.