Updated 08.10.2021

Wesbank Personal Loan

Wesbank is one of the most prominent banks in South Africa that offer financial products and services. Many people think they’ll have to undergo a lengthy process to apply for a loan since this is a bank. This is not true, though, as Wesbank uses a simple, fast, and reliable approach in granting loan requests.

What is Wesbank?

Wesbank is one of the biggest financial services provider in Africa, with over 40 years of experience in dealing with individual and corporate clients. It’s one of the largest publicly listed banks in the JSE based on market capitalization.

Their financial products include vehicle financing, commercial banking, investment banking, investment management, and loan services. They offer unsecured personal loans which means you don’t have to provide any collateral to submit your request.

Getting Your Personal Loan

You can apply for Wesbank personal loans easily online by filling out the loan application form available online. This can be done anytime you want since submission channels are open 24 hours a day, 7 days a week. The other method is by calling them and having one of their consultants assist you in the application process.

Their application process is quick and simple. There are no interviews or lengthy forms to be filled.

@WesBank CashPower Personal Loans

Wesbank personal loan can lend you as much as R200 000; the minimum is R5 000. However, they will only approve a loan amount that’s within your repayment capability.

They have a personal loan calculator that will give you a good overview of how much your monthly repayments will be, depending on the amount and time frame you set.

Wesbank personal loans are accompanied by a Customer Protection Plan. The Plan ensures your remaining loan balance gets cancelled in case of permanent disability, death, or upon diagnosis of contraction of a dreaded disease.

Interest & Fees

Interest rates vary from 24.25% to 24.50% per annum and are compounded monthly. Wesbank personal loans also have a monthly service fee of R69.00.

The interest rates on Wesbank loans are fixed, meaning your monthly repayments will remain the same regardless of interest rate hikes.

Repayment Schedule

Repayment terms can be set from a minimum of 2 years to a maximum of 6 years. Longer repayment periods provide lower monthly repayment amounts.


To get your Wesbank personal loan approved, you have to have a clean credit history. Otherwise, it will be more difficult for you to get your request granted.

Your regular monthly salary should also be at least R5 000. Anything lower than this is unacceptable since you won’t be able to repay even the cheapest terms available.

When you submit your application form, include the following documents as well:

  • Payslips or bank statements for the past 3 months
  • A copy of your ID book
  • Any document that can prove your residency

Make sure you also provide Wesbank with accurate details of your bank account where your salary is regularly deposited.

Contact Details

To know more about their financial products, you can visit their contact us page online. You can also get in touch with Wesbank via phone or email for inquiries and concerns regarding your loans.

Phone: 0861 288 272 or 0861 937 265
Fax: 0861 888 272
Email: service@wesbank.co.za

You can find their main office which is located at the following address:

Office Address: WesBank, Enterprise Road, Fairland 2170

You can talk to them or visit them from 8:00 AM to 5:00 PM during weekdays.