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Watch out for loan scam, warns Sanlam

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Cape Town - Fraudsters are using Sanlam's name to swindle cash out of unsuspected consumers, the financial services provider has warned.

Sanlam said that scammers are using the Sanlam brand along with legitimate-looking email addresses to invite applications for loans. They also request an upfront payment in order to process the loan.

"In some instances, the offer comes from a false entity called 'Sanlam Loans' using the email address sanlamsloan@cash4u.com. In the past, the false offer was sent using the email address sanlamloans@financier.com."

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