1 reviews | Active since Jun 2020
Sanlam - exploiting consumers
I would be very concerned about taking a personal loan with Sanlam:
1. Credit Life - premium does not get reduced as your loan is reduced -numerous calls to the call center and emails, was told that the premium is fixed but nowhere on the contract is it stated - opened a case with the Credit Ombudsman and still waiting for this to be resolved 2. Impossible to get a settlement amount to settle - seems that they find every way possible delay you settling - they send you a settlement at 7.40pm and indicate the amount has to be paid on the same day 3. Its impossible to get through to their call center just to request a settlement amount
Very sad how the consumers are being exploited by these corporations, who find every way to squeeze as much as they can out of you. I will never do business with Sanlam again not will I recommend them to anyone.
We acknowledge receipt of your complaint and will refer it to the relevant department to investigate.
Kind regards
Sanlam Client Relations
Best regards,
We acknowledge receipt of your complaint and will refer it to the relevant department to investigate.
Kind regards
Sanlam Client Relations
Best regards,
2. I am also told that the Credit Life Premium is fixed from the date you take the loan, irrespective of what the capital balance. No where in the agreement is this stated.
So if you owe them R10 of the capital you still pay the full premium, that is absurd.
South Africans please take note of this during these difficult times. Some companies don't play fair.
image.png 27.19 KB
Why aren't you following these rules:
image.png 47.7 KB
image.png 17.97 KB
2. I am also told that the Credit Life Premium is fixed from the date you take the loan, irrespective of what the capital balance. No where in the agreement is this stated.
So if you owe them R10 of the capital you still pay the full premium, that is absurd.
South Africans please take note of this during these difficult times. Some companies don't play fair.
image.png 27.19 KB
Why aren't you following these rules:
image.png 47.7 KB
image.png 17.97 KB
Kind regards
Client Relations
Best regards,
Kind regards
Client Relations
Best regards,
