Can I borrow money from my Sanlam Provident Fund?


Question:

Hi just want to know if can i borrow money from my Sanlam Provident Fund

Answer:

Bheki, You can only borrow money from your Sanlam Provident fund if your Fund rules permit this and the loan is for a purpose as specified by the Pension Funds Act (ie housing related). Check with your HR department.  

The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.


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