Discover how WesBank brings flexibility to your finances

Apply for WesBank CashPower Personal Loans and access up to R300 000 in financing. With flexible repayment terms and personalised interest rates, South Africans can confidently manage their financial goals.

Backed by FirstRand Bank and administered by DirectAxis, CashPower ensures a safe and reputable loan experience, guiding you seamlessly from the initial application to the final disbursement.

Keep reading to understand your borrowing options, expected rates, and how to apply with ease for your WesBank CashPower Personal Loan.

APR / Repayment Rate	Loan Amount	Repayment Term	Administered by
18.00% – 28.00% p.a.	R5 000 – R300 000	24 to 72 months	DirectAxis (FirstRand Bank)

A closer look at the core elements of WesBank CashPower Personal Loans

The loan amount offered by WesBank CashPower ranges from R5 000 to R300 000, making it suitable for various personal financial needs and life situations.

With interest rates set between 18.00% and 28.00% per annum (compounded monthly), each loan is tailored to the borrower’s financial circumstances and credit profile.

Repayment periods span from 24 to 72 months, allowing borrowers to choose a term that aligns comfortably with their budget and monthly commitments.

Each loan comes with a monthly service fee of R69.00 and an initiation fee, both clearly communicated during the application process to maintain transparency.

Exploring all facets of WesBank CashPower Personal Loans: benefits and drawbacks

WesBank CashPower is designed to provide accessible credit to individuals who meet the basic criteria, supported by structured repayment and predictable loan features.

Benefits

• Borrow up to R300 000 based on your income and credit profile, suitable for emergencies, home improvements, debt consolidation, or educational needs.
• Flexible repayment terms from 24 to 72 months allow you to manage your financial obligations without overextending your monthly budget.
• Interest rates from 18.00% to 28.00% per annum are customised, helping you avoid paying more than necessary for your specific financial situation.
• Since these loans are unsecured, there’s no need to provide collateral, making the process faster and less complicated.

Drawbacks

• Interest rates can reach up to 28%, which may increase total repayment costs depending on your financial background and risk category.
• A fixed monthly service fee of R69.00 and a once-off initiation fee are applicable, contributing to the total cost of the loan.
• Although you can estimate monthly repayments, final terms are only confirmed upon application approval, limiting early-stage financial planning.
• No dedicated mobile app or email-based application option is available, and online tools are limited in functionality for initial assessment.

Your guide to requesting WesBank CashPower Personal Loans: let’s get started

Getting started with WesBank CashPower Personal Loans is simple, whether you prefer to apply independently online or speak with a representative for assistance.

Understanding your options upfront makes it easier to choose the most suitable method and improves your experience when applying for your personal loan:

Who can apply? Checking if you’re eligible

To qualify for a WesBank CashPower Personal Loan, applicants must earn a minimum monthly income of R5 000, which is the basic income requirement.

You must also provide bank-generated PDF statements from the last three months or a valid, recent payslip to prove consistent income.

Applicants are required to submit a clear copy of their ID document and proof of address not older than three months.

If married in community of property, written spousal consent is necessary, in compliance with South African credit legislation.

Pick the way you’d like to apply for WesBank CashPower Personal Loans

WesBank offers an online platform for loan applications, allowing users to start or resume an application whenever it’s most convenient.

If you prefer direct contact, you can reach the WesBank call centre at 0861 30 2020, available daily from 8am to 8pm, for guidance and support.

Alternatively, visit a WesBank partner dealership or branch, where a consultant can walk you through the requirements and assist with the application process.

Currently, there is no dedicated app or email channel for applications. For the most accurate information, contact WesBank directly or use approved methods.

Getting your hands on WesBank CashPower Personal Loans: the journey ahead

Getting your WesBank CashPower Personal Loan is a clearly defined process, ensuring transparency and accountability from start to finish.

1. Start your application online or by contacting WesBank. Provide your personal and contact details to begin.
2. Submit the necessary documents, such as proof of income, address, ID, and spousal consent if required.
3. Your financial profile is reviewed, and WesBank determines your applicable interest rate based on affordability.
4. Receive your loan offer, complete with fees and repayment plan. Upon approval, the funds are transferred to your account.

This step-by-step model ensures you’re fully informed at each stage, helping you make a confident financial decision with WesBank.

Taking a look at other available financial resources: Sanlam Personal Loans

While WesBank CashPower Personal Loans provide reliable access to credit with flexible terms, they may not suit every borrower’s long-term financial planning or loan size preferences.

In such cases, Sanlam Personal Loans present a strong alternative, offering up to R350 000 in funding with fixed interest rates and extended repayment terms of up to 84 months.

Sanlam loans feature Wealth Bonus® rewards, allowing borrowers to receive up to 10% of their loan amount back, and include an annual draw to win a dream car.

These loans are also unsecured, offer a fixed rate for consistent monthly payments, and include personal protection cover for added financial peace of mind.

If this sounds like a better match for your financial needs, don’t miss our full article dedicated to Sanlam Personal Loans, linked in the next reading suggestion.