Cash in your pocket

Personal Loans

Easily apply for a personal loan of up to R150 000, get an instant answer and choose your own repayment term

We've partnered with DirectAxis to offer you a quick, convenient and flexible personal loan.

Personal Loan Calculator

For illustration purposes only

How much do you need?

You can choose to take out a Personal Loan from R5 000 right up to R150 000 (in increments of R1 000). Choose a convenient repayment term of between 2 to 6 years with fixed repayments that are not affected by interest hikes.

Monthly Service Fee
R69.00
Interest Rates
25% - 27.75%

2 ways to apply for a personal loan

1

Online 24/7

Apply online for a Personal Loan at any time, from anywhere. Find out whether you qualify instantly.

2

Call 0861 238 252

Call us on a Monday to Sunday from 8am – 8pm. One of our friendly consultants will help you complete an application.

The benefits of a WesBank CashPower loan:

  • Choose your own convenient repayment term – from 24 months to 6 years.
  • Fixed repayments that are not affected by interest rate hikes.
  • The application process is convenient – with no unnecessary paperwork or interviews. Simply complete your application online or over the phone.
  • Unsecured – there's no need to provide us with any collateral to secure your loan.
  • We look at your affordability – we'll only ever approve a loan amount that you can comfortably afford to repay.
  • A Customer Protection Plan is included in your Personal Loan repayments.

All you need to apply:

  • A regular monthly income of at least R5 000.
  • A clear credit record.
  • Your last 3 months' payslips or bank statements.
  • A clear copy of your ID document.
  • Details of your bank account into which your salary is paid.
  • A recent document confirming your residential address.
Customer Protection Plan

You can relax knowing we'll be there if something goes wrong.

The Customer Protection Plan ensures that your loan balance is paid off in case of death, permanent disability and after diagnosis of certain dread diseases.

Loan repayment terms range from 24 to 72 months. The maximum interest rate with regards to a CashPower Personal Loan is 27.50% per annum (compounded monthly). Your rate and initiation fee will be determined according to your personal risk profile. An illustrative example of a loan at an interest rate of 27.50% per annum would be: Loan amount R60 000.00 plus a once-off initiation fee of R1,207.50 and a monthly admin fee of R69.00, over 72 months. The total cost of the loan will be R130 527,28 which is an Annual Percentage Rate (APR) of 30.20%.

Loans are subject to the National Credit Act No. 34 of 2005. All loan applications are considered and are subject to credit approval. Due to legal requirements, you may need to provide a copy of your ID and a recent document confirming your residential address. If you are married in community of property or in terms of customary or foreign law, you are required to obtain consent from your spouse to enter into any credit agreement.

Information about WesBank CashPower Personal Loans is available in Afrikaans, Zulu, Xhosa or Sesotho. Simply call 0861 238 252 to request it.

* CashPower Personal Loans are administered and managed by Direct Axis SA (Pty) Ltd, an authorised Financial Services Provider. DirectAxis is a member of the Direct Marketing Association and we are committed to their principles, standards and code of practice.