CashPower Loans
Why choose CashPower?
Immediate Access to
Funds to Own Your Vehicle
The loan is paid directly into your bank account. CashPower is an Unsecured Personal Loan.
Fixed Repayments
Over Convenient Terms
A guaranteed fixed interest rate means your monthly repayment never changes. Apply for your loan term between 2 and 6 years.
No Early
Settlement Fees
CashPower will not charge you any penalties if you settle your loan early, or pay extra whenever its suitable for you.
What you need to apply:
Monthly income of at least R5 000 Up to 3 months' recent, original bank-generated PDF statements (available via e-mail from your bank or from your banking app) or payslips, as proof of income
A clear copy of your ID document
Proof of address
* This is an estimated monthly payment amount, pending a formal application. Loan repayment terms range from 24 to 72 months. Credit is subject to qualify- ing criteria. The interest rates with regard to a WesBank CashPower Personal Loan vary up until the maximum NCAA interest rate per annum (compounded monthly). Your rate will be determined according to your personal circumstances and financial profile. All new loans include an initiation fee and a monthly ser- vice fee. An illustrative example of a loan at an interest rate of 24.50% per annum would be: Loan amount R60,000.00 plus a once-off initiation fee of R1,207.50 and a monthly service fee of R69,00 over 72 months. The total cost of the loan will be R137,754.32, which is a fixed Annual Percentage Rate (A PR) of 32.76%.
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, or Xhosa. Simply call 0861 238 252 to request it. WesBank CashPower Personal Loans are administered and managed by DirectAxis - a business unit of FirstRand Bank Ltd, an authorised Financial Services and Registered Credit Provider NCRCP20. Direct Axis SA (Pty) Ltd Reg no. 1995/006077/07, an authorised Financial Services Provider, FSP7249.