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:
Minimum monthly income of R5 000
Access to the most recent 3 months bank generated PDF statements or a payslip as proof of income. Please note that during the process, you will be advised on the specific documentation required.
A clear copy of your Identity Document
Proof of address, not older than 3 months
* This is an estimated monthly payment amount, pending a formal application. Loan repayment terms range from 24 to 72 months. Credit is subject to qualifying criteria. The interest rates with regard to a WesBank CashPower Personal Loan vary between 18.25%* and 28.25%* per annum (compounded monthly) and are current as at May 2025. Your rate will be determined according to your personal circumstances and financial profile. All loans include an initiation fee and a monthly service 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 R1207.50 and a monthly service fee of R69.00 over 72 months. The total cost of the loan will be R137,754.32.
If you are married in community of property, you are required to obtain written 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.
CashPower Personal Loans by WesBank. WesBank is a division of FirstRand Bank Limited, a Registered Credit Provider (NCRCP20). This loan is sold and administered via DirectAxis a business unit of FirstRand Bank Limited. Direct Axis SA (Pty) Ltd, an authorised Financial Services Provider (FSP7249).