WesBank Review
Quick overview
- Amount: R5 000 - R150.000
- Term: 2 - 6 years
WesBank table of repayments
| Amount | Fee | Total payment | Term |
| R60.000 | R71.221.70 | R131.221.70 | 72 months |
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
WesBank experiences
Tell us your experience with WesBank at info@coolfinance.co.za and we will publish it anonymously into our discussion.
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.
Lincoln Ndirangu(LinkedIn)Lincoln Ndirangu is a professional freelance web copywriter based in Nairobi, Kenya. For over 7 years, writing for the web and engaging the online audience has been primary focus and passion.More information...