Sanlam Money Manager.
What is “Sanlam Home Loans Money Manager” ?
The Sanlam home loans manager account is a facility available to Home Loan clients which allows the client to spread debt over more than one Home Loan account.
Sanlam Home Loan Money manager can ONLY be taken up on a new loan application or a Further advance application;
Each Sanlam Home Loan Money Manager Account can/will be subject to a different rate/rate structure and repayment term - Normal home loan rates/rate structure apply i.e variable / fixed
Each Sanlam Home Loan Money Manager Account has it’s own individual account number
The client can select on which “Money Manager” he requires the Flexi Reserve facility (Pre–paid option ONLY) - A client need not have FlexiReserve facility to be able to utilize this product
Each account must be paid via a separate debit order instruction which may be from a different source;
Each account will have a separate statement;
Up to 10 different accounts may be opened;
Each account can have it’s own designation e.g. Primary account: called: " Home Account", Secondary Account no 1 called: "Pool Account", Secondary account no 2 called "Holiday Account"