Wesbank Personal Loan and Its Conditions

Wesbank is part of one of the leading assets financial service providers in South Africa and the United Kingdom. The company provides short term loans, personal loans and vehicle financial support and has been in the industry for over 40 years. Requirements of applying for Wesbank personal loan detailed in below:

Wesbank, a division of FirstRand Bank Limited, partners with over 60 brands worldwide, and some oil companies as well. Wesbank in partnership with Direct Axis, provides financial services to individuals for vehicles, Home improvement, and “money for the pocket.”

The amount an applicant can request loans for range from R5, 000 to R200, 000 with a fixed interest rate for the term, and so the interest rate is not affected by the hikes. Wesbank personal loan interest rates differ by the type of support required and the amount involved. You may choose 2 to 6 years for repayment term.

As a representative example, if an applicant borrow $20,000 at an interest rate of between 24.25% to 24.50% over 5 years the monthly repayment will be R708.01 with a total amount payable of R42,480. This includes a loan processing fee of R69.

Please note that customer protection plan is also included  for the unforeseen circumstances. Wexbank guarantees that your repayment will never change.

The packages for businesses is quite different and extensive. They have financial services for asset buying, asset renting and also for industries such as mining and construction, agriculture, transport and logistics etc., There are two ways one can apply. Online and over the phone. To apply for a loan, the following are required

  1. Credit records
  2. R5, 000 regular monthly income
  3. 3 recent Bank statements
  4. Bank details
  5. Copy of your ID document.
  6. Confirmation of residential address

Wesbank and Direct Axis runs a credit check after the application process to determine whether the applicant is qualified to borrow, and how much they can comfortably pay back. The online application process is faster and more convenient. With the online process, an applicant is instantly informed of their qualification to borrow or not. Wesbank offers convenient and easy process without unnecessary and time-consuming paper works. You may start your personal loan application via online 24/7.