Rating based on 33 reviews

WesBank Personal Loan

  • Personal loans up to R150,000
  • Low-interest starting from 22.5%
  • Repayment up to 72 months

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WesBank homepage
Author WesBank. Screenshot of WesBank website.
[Accessed May 13, 2018]

Wesbank - Loans for the public and retail sector

Wesbank has been in the finance business for over 40 years.

We are a global company that provides financial assistance to both the public and retail sectors. We specialize in providing financing over a fixed term with monthly installments.

We are a division of FirstRand bank limited South Africa. The four main areas we focus on are providing installment vehicle finance. The next focus is on retail and commercial banking, investment banking, and investment management.  Our investor relations provide you with information regarding financial results, remind you of important dates, inform you of results and keep you up to date with reports.    

Compliance explained

We comply with all laws and strictly adhere to all risk management policies.  Our managers are highly skilled and knowledgeable.  

Social investment policy

We believe in empowering communities by sponsoring agriculture projects that prove to be sustainable. Together with the Tshikulu foundation, we plan to empower the community. 

Personal loans

We offer personal loans to the value of R150 000 on very easy repayment terms that you chose. Our approval process is fast. Choose between R5 000 up to R150 000 with easy repayment terms from 2 to 6 years depending on the agreement.

Easy ways to apply

Our online loan application process gives you access to apply for our quick loans 24 hours a day.

If you prefer, you can give us a call on 0861 238 252 and one of our friendly consultants will call you back and help you through the application process.

You will benefit from signing up with us

Our Cash Power loan lets you chose how much you want to borrow and how long you need in order to pay it back.

The repayment terms range from 24 months to 6 years. The application process is simple and your outcome quick. These instant loans are unsecured so there is no need to risk your assets for collateral.

Affordability of loans

We don’t want you to fall into a debt cycle. We check your level of affordability to make sure that you don’t borrow more than you are able to comfortably payback. If you can’t afford a loan we will assist you by putting you in contact with one of our debt counselors regarding debt counseling.

Customer protection plan

To make sure you are covered should something happen to you, we offer a customer protection plan.

What I need to apply

To apply for a Wesbank personal loan you will need the following:

  • You will need to be employed and earn at least R5 000 a month
  • You will need to have a clean credit history
  • A copy of your latest 3 months payslips and your bank statement
  • A clear copy of your valid South African ID
  • Details of your South African bank account that your salary is paid into monthly
  • Proof of residence no older than 3 months

Repayment terms

Our easy repayment terms range from 24months up to 72 months, depending on the loan agreement. You will be charged a once-off initiation fee of R1207.50 and a monthly service fee of R69.00 your interest rate will be determined by your specific risk profile.

All our quick loan repayment terms are compliant with the National Credit Act. 

WesBank – Personal loan

  • Loan Type Personal loans
  • Interest Rate from 22.5%
  • Loan Amount up to R150,000
  • Repayment 24 months to 72 months

Benefits of WesBank

  • Flexible repayment plans
  • Reliable personal loans

Personal loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

Wesbank - You can get vehicle financing and insurance from us

We offer assistance when you need vehicle financing when you are buying a car from a dealer.  

It’s so easy to apply, simply fill out our online application form, you will be given an answer almost instantly.

Insurance explained

Once your online loan application has been approved, we will contact you and give you advice on how to finalize the transaction. If you need to pay a deposit, we will handle the fees for you and help you file your approved financing application with your chosen dealer.

We will assist you with arranging insurance for your vehicle before you even drive it away. Our drive cover insurance package covers your vehicle so that you can drive with confidence.  

Rules for buying through a dealer

To make sure that your application for vehicle financing through a dealer is approved make sure to follow these rules:

  1. Make sure the dealership is approved by WesBank
  2. The car must be worth at least R30 000 or more
  3. You must be over the age of 18
  4. You must be a permanent South African citizen
  5. You must have a valid driver’s license
  6. You must have a credit report
  7. You must earn at least R 6250 per month

Other rules that apply  

  • You will be responsible to register the car in your own name with WesBank as the title holder
  • Our WesBank representative will need to view all the original documentation and sign all the necessary documentation.
  • Please provide WesBank with a clear copy of your South African ID
  • You will have to acquire your own license disk and Wesbank will help you register your vehicle.

You should choose WesBank

Choosing to finance your car through WesBank unlocks a host of different benefits.

  • View your personal loan account online 24 hours a day
  • We will assist you with advice on when is the best time to trade in your car and help you determine its current market value.
  • Renew your license online, pay for it online and we will deliver it to your door
  • Check and pay your traffic fines online and skip all the queues at the post office or traffic department
  • By logging into your account, you can check your credit status and access your credit profile
  • Driva protect – this cover protects you along your journey against any mishaps.
  • Lawyers on Call – this gives you telephonic access to legal advice for criminal, civil, or other vehicle-related queries.
  • WesBankshop this shop gives you access to a range of accessories for you and your vehicle.

Deposit protector

This amazing feature covers your wallet and pays your deposit on your vehicle of up to R500k. If you need to replace your car because it has been lost, stolen, or written off your deposit protector plan will cover the same deposit that you originally paid up to a maximum of R500 000.

man holding thumbs up

WesBank is a trusted & reliable provider of personal loans

In our review, WesBank adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

WesBank is a registered credit provider in South Africa: NCRCP20

Customer Reviews & Testimonials

April 2019

I knew that WesBank will give me a loan I can afford to pay without putting too much pressure on my budget.

Nosipho N
— Umlazi —

April 2019

Within a few hours after applying for a personal loan, my credit request was attended to and I received the money on the very same day.

Johan N
— Vereeniging —

April 2019

I am yet to find a credit provider that offers affordable interest rates as WesBank does.

Patricia G
— Pretoria —

October 2018

Thanks to WesBank, I got a loan when I was literally running out of options. I am grateful that they helped me when nobody wanted to assist.

Jonathan B
— Westonaria —

WesBank Contact

Physical Address

  • Portside, 21st Floor, FNB Building, Buitengracht Street & Hans Strijdom Avenue Cape Town Gauteng 8001 South Africa
  • Get Directions

Opening Hours

  • Monday 07:00 – 16:30
  • Tuesday 07:00 – 16:30
  • Wednesday 07:00 – 16:30
  • Thursday 07:00 – 16:30
  • Friday 07:00 – 16:30
  • Saturday 08:00 – 12:00
  • Sunday – Closed