WesBank CashPower Loan
Get personal loans from R5,000 with rates from 17.75% to 27.75%, fixed repayments, and flexible terms up to 72 months. Simple eligibility and quick application.
WesBank CashPower Personal Loans offer fixed rates between 17.75% and 27.75% per annum, and repayment terms from 24 to 72 months. The fixed repayment structure brings predictability to your financial planning, and the minimum income requirement is R5,000 per month. With a simple and intuitive application process, this loan provides financial support tailored to your needs.
How to Apply for WesBank CashPower Personal Loan
- Check you earn at least R5,000 per month.
- Gather your most recent 3 months bank statements or payslip, and your valid ID document.
- Ensure you have proof of address (not older than 3 months).
- Complete the application online or via phone.
- Submit all the required documents as guided by WesBank during the process.
Pros of WesBank CashPower Personal Loans
One of the main advantages is the fixed interest rate, which means your repayments remain the same throughout the loan term. This simplifies budgeting and offers peace of mind.
Flexible repayment terms, ranging from two to six years, allow you to tailor the loan to your personal needs. Additionally, the Customer Protection Plan offers financial security should you face unforeseen circumstances.
Cons of WesBank CashPower Personal Loans
One possible downside is that loan approval is subject to qualifying criteria, so not everyone will be approved. The interest rate is also determined by your financial profile and could be at the higher end.
There are initiation and monthly service fees, which can impact the overall cost. If you are married in community of property, you will need your spouse’s consent.
Verdict
WesBank CashPower Personal Loans are well-suited to those seeking transparent, fixed repayments and robust customer protection. They remain a strong choice for anyone needing a personal loan in South Africa, particularly with a reputable provider that prioritises financial security and responsible lending.
