1 reviews | Active since Jul 2013
Sanlam has become loan sharks
Sanlam offered me a medium term loan via the mail as I have various policies with them. Coming from Sanlam I trusted the offer and app**** for the loan. They were very vague on the costs and interest and never really put it forward to me straight up. Only after I have signed for the loan has it come to my attention that this loan was from Direct Axis whom I consider ********* loan sharks. The costs are a complete ripoff. After I paid in R40 000 towards the loan they are still charging me interest on the full amount. I am in the process of cancelling all my Sanlam policies and moving them elsewhere. I'm also telling everyone I know to stay as far away from Sanlam as you possibly can. Chances are, there's a **** hidden in the fine print!!
We acknowledge receipt of your complain and will refer this matter to our Sanlam Personal loans department for urgent investigation.
Kind Regards
Client Relations
We acknowledge receipt of your complain and will refer this matter to our Sanlam Personal loans department for urgent investigation.
Kind Regards
Client Relations
