Sanlam understands that individuals may have different financial circumstances, including a bad credit history. While having a bad credit history may affect your loan application, Sanlam encourages all individuals to apply as they assess each application on a case-by-case basis. To get a better idea of your eligibility and the potential loan terms, you can utilize the Sanlam Personal Loans Calculator available on their website.

Yes, you can use a personal loan from Sanlam to consolidate your debts. Debt consolidation involves combining multiple debts into a single loan, simplifying your repayments and potentially reducing your overall interest costs. By taking out a personal loan from Sanlam, you can use the funds to pay off your existing debts, such as credit cards, store accounts, or other loans.

Applying for a Sanlam Personal Loan is a straightforward process that is designed to be accessible and convenient. With multiple application channels available, including online, telephone, and in-person, you have the flexibility to choose the method that suits you best. Sanlam values efficiency and strives to provide prompt responses, making the application process relatively hassle-free.

Taking out a personal loan can have both positive and negative effects on your credit score. It may cause a temporary dip due to a credit inquiry, but if you make timely payments and manage the loan responsibly, it can boost your credit score over time. Conversely, missed payments or defaults can harm your score. Responsible borrowing and on-time repayments are crucial for a positive impact on your credit score.