Earn at least R5 000 monthly. Get your latest three months’ bank-issued PDF statements or a payslip. Add a clear ID copy and address proof no older than three months.
Prepare your documents and credit life cover before turning an estimate into a request
Insure this loan’s outstanding debt, naming the lender as loss payee. In community-of-property marriages, keep written spousal consent signed by two witnesses for the lender on request.
Confirm no requested or current administration, provisional or final sequestration, or debt review. You must not be over-indebted or in financial difficulty.
CashPower costs: WesBank lends, DirectAxis administers
An illustrative R60 000 loan over 72 months totals R137 754.32 at 24.75% yearly interest. It has a R1 207.50 initiation fee and R69 monthly service fee; this is not your individual quote.
WesBank adds R69 monthly to loan, prorated for mid-month starts. Rises within legal limits need five business days’ written notice.
What you need to have, provide and confirm
Confirm no court-ruled mental unfitness or new credit since applying.
- Earn R5 000 monthly or more; supply proof.
- Maintain credit life insurance for your loan.
- Meet the debt-proceedings and financial-status requirements.
- If married in community of property, get spousal consent.
Begin your CashPower request online
- Choose an amount, term and purpose to apply online.
FAQ
How is the interest rate on my CashPower personal loan worked out?
May 2026: 18% to 28% a year, compounded monthly on the debt. Finances and circumstances set your fixed rate.
What limits apply to my employment-based CashPower protection plan?
Cover starts at payout and may lapse after missed payments. Retrenchment, income loss and inability-to-earn benefits, if covered, are limited.
Can I pay the CashPower initiation fee upfront?
Yes. Send payment proof before payout, or add the fee to your loan and pay interest on a fee as well.
How can I keep my CashPower request ready for payout?
Credit criteria apply. Before payout, the lender may cancel over incorrect details or information suggesting repayment difficulties.