1 reviews | Active since Aug 2018

15 Oct 2025, 15:26

Disappointing customer service

As a loyal Sanlam client of over 25 years, I am highly frustrated with the dismally poor service from Sanlam in my recent loan application process. After explaining that I have interest in taking up the Sanlam loan application available to me (which I was informed off by SMS). After taking time off from work to go through to the Sanlam offices in person and liaise with the relevant personnel, I proceeded to go through the application process. After some time later, I was transferred to the credit assessment department via telecom and spoke to a lady called Hakina (during which the call cut). There was no call back thereafter, even after I waited for quite a while for a courtesy follow-up call. After none was forthcoming, I proceeded to callback on the Sanlam customer client line and got reconnected to another customer liaison officer (Xolani) from the credit assessment department.

Despite explaining the fact that I have a balloon payment left as part of my Vehicle Asset Finance settlement in full and final settlement of my vehicle finance department, both the Sanlam customer liaison officers failed to understand that my vehicle balloon payment is not a monthly instalment. They proceeded to calculate the monthly costs at R299 K per month, which I continued to explain was not a regular monthly payment /installment. They then proceeded to decline my application based on the addition of R280K which I explained was in the process of being settled by the end of this month.

To add to my frustration, I was told that they cannot even connect me to a Sanlam manager who could hear and address my concerns.

I find the service so appalling that I am even considering discontinuing my Sanlam policy and Sanlam Reality Club services given the appalling customer service I received from Sanlam.

0
Replies (5)
Sanlam
Sanlam's reply15 Oct 2025, 15:37
Official
Good day Silas   We are sorry to hear of your poor client service experience. We have referred your complaint to Sanlam Personal Loans. Regards
 Sanlam Client Care 
's update15 Oct 2025, 19:34
Reviewer Update
Good day, The content of your mail below is noted, however I am still not clear as to the reason for my application being declined on the grounds of unaffordability to pay back loan instalments on a R150 K loan from Sanlam (by counting in the very reason for my loan application i.e. the balloon payment). I refer to the statement in your mail below : Unfortunately with balloon payments, the full deferred amount “balloon amount” becomes due at the end of the loan term, therefore if the the full balloon payment amount is now being reflected as your installment amount it means you’ve reached the end of the loan term and thus the amount now becomes due. Note that I have been given the offer of refinancing my balloon payments at the same private banking rate that I currently have with the Standard Bank Vehicle Asset Finance department (see officially communication in annexure), This is customary at the stage of reaching your residual /balloon payment stage on your vehicle finance contract. I was however looking at other options of freeing the balloon payment instead, hence my reaching out to Sanlam (who is constantly sending me loan offer notifications on SMS/ email). It seems logical to me that my previous / current projected vehicle finance instalments be taken into account (and weighed prudently in determining my affordability). However, to take my full balloon payment (which is less than a third of the retail value on this vehicle) as a key determinant of my monthly affordability is somewhat ludicrous and highly unfair.
's update15 Oct 2025, 19:38
Reviewer Update
Good day Please can I request that my Sanlam reality (Membership number: ***) be discontinued with immediate effect. Yours faithfully
S Pillay
Sanlam
Sanlam's reply16 Oct 2025, 07:55
Official
Good day Silas   Please respond directly to Sanlam Personal Loans via the email that was sent to you.

We have relayed your message to Sanlam Reality to discontinue your membership. Regards
Sanlam Client Care 
Sanlam
Sanlam's reply16 Oct 2025, 09:53
Official
This is to confirm that Sanlam Reality has contacted you.
 Regards
Sanlam Client Care