Sanlam, in partnership with Finance27, offers an online short-term loan solution aimed at individuals needing fast access to cash. The main highlight is the potential for same-day payouts. Maximum annual percentage rate (APR) sits at 30%. Repayments are customisable, and transparency is high: you choose the amount and repayment date upfront, seeing your total cost instantly. Each loan is a separate contract, with no revolving facility.

How to Apply: Step-by-Step

• Check eligibility: be over 18, employed, and have a valid SA ID and bank account
• Fill in a simple online form on the Finance27 site with personal and financial details
• Select your desired loan amount and preferred repayment date
• Once approved, the money is usually paid into your bank account the same day
• Choose express payment for an extra fee if you need the funds urgently

Benefits of Finance27 Express Loan

Speed is the biggest advantage; with electronic processing, you could receive your money within hours after approval. The 100% online procedure is accessible and can be completed at any time, even after hours.

Personalisation is also a drawcard, as clients can adjust amounts and repayment dates to suit individual preferences and budgets.

Drawbacks to Consider

The interest rate at 30% APR is at the upper limit allowed for such loans, making it expensive if not paid promptly. Late payment penalties apply, and unpaid loans could lead to additional fees and negative credit records.

Repeated borrowing does not come with loyalty perks or lower rates—each loan is priced and approved separately. There is also a service fee for immediate payments.

Our Verdict

Finance27, underwritten by Sanlam, is best suited for responsible borrowers in urgent need of short-term cash. The process is user-friendly, transparent, and fast. However, the relatively high interest rate means it is not recommended for non-essential spending or those already struggling with debt. Always ensure you can manage the repayment comfortably before applying.