- Amount: R5 000 - R150.000
- Term: 2 - 6 years
WesBank table of repayments
A representative example
Loan repayment terms range from 24 to 72 months. The maximum interest rate with regards to a CashPower Personal Loan is 27.75% 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 27.75% 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 R131,221.70 which is an Annual Percentage Rate (APR) of 30.45%.
WesBank experience and discussion
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Is WesBank a scam?
No. The product is absolutely fine and no need to worry about anything hidden. The company FirstRand Bank Ltd. really provides these loans.