What Are Cashpower Loans? How To Get Them?
Cashpower loans are offered by WesBank, a well-known and one of the largest and most reliable financial services groups located in South Africa. These Cashpower loans are loans issued via an uncomplicated application procedure with affordable and flexible installments of repayments. Here in this article, we will look at the details about Cashpower loans, what they are, how you can apply for them, and other relevant information about them.
What Are Cashpower Loans? How To Get Them?
This Cashpower loan of WesBank gives you access to personal loans with flexible repayment schedules. They also come with loan insurance that will be beneficial for you, particularly when you are unable to pay for the loan amount due to certain unforeseen emergencies.
Moreover, the loan amount that you can get via cash power personal loans of the WesBank is between R 5000 to R 300,000. Whereas, the repayment is scheduled between 48 to 72 months according to your ease and convenience.
These WesBank Cashpower loans are the best loans for those who are dealing with certain financial emergencies where they need urgent cash. Since these loans are easy to access, you can simply apply for them via their online application procedure as mentioned below.
Eligibility Requirements
Here is the list of eligibility requirements that you have to fulfill to qualify for Cashpower loans from WesBank. Make sure to pay attention so you can understand what requirements we have to fulfill before applying. To qualify for cash power loans, you have to make sure
- You have a regular monthly income of a minimum of R 5000.
- You have to make sure that you are a South African citizen with a South African identity card with you or a resident of South Africa with a proof of residential address.
How To Apply? Application Procedure
Here is the step-by-step procedure that you have to follow to apply for Cashpower personal loans from WesBank. Make sure to follow the steps as it is to maximize the chances of application approval. To apply for Cashpower loans, what you have to do is to,
- Visit the official website of WesBank. You can do this by simply clicking on, wesbank.co.za/home/.
- A page will open where you have to click on “Login.”
- If you have already created your account on the WesBank website, you can simply log in with your username or password. Alternatively, you have to register by providing your name, your ID number, cell phone number, and your email address.
- You will also have to provide details about your monthly income. Make sure to provide the accurate one because you have to then provide the income proof to verify financial information.
- After registration, you have to log in to your account on the website and then click on “Apply.”
- Now you have to follow the prompt to apply for a Cashpower loan from WesBank.
- Moreover, you also have to give the consent to the lender to allow them to run a credit check. After the credit check, the lender will also check your affordability.
- If your application is approved you will then receive a loan contract.
- Make sure to read the loan contract carefully and understand each and every line.
- Last step to sign a loan contract, if terms and conditions are accepted by both parties.
- As soon as the loan agreement is signed, you will receive your loan money in the bank account you have provided.
- Alternatively, you also have the option of contacting WesBank officials by emailing them on their email address which is, [email protected]. Or simply by dialing their contact number which is 0861 288 272.
Documents You Need To Submit
Here is the list of documents that you have to submit along with your application form to apply for Cashpower loans from WesBank. Make sure all of the documents are genuine and legal and are not more than three months old.
- You have to submit Income proof in the form of the last 3 months’ bank statements, payslips, or bank-generated PDFs.
- You also have to submit a clear copy of your identity document.
- You also have to submit your residential proof.
- Moreover, if you are married in a property community or if you are married according to the foreign you have to submit the consent from your spouse.
WesBank Cashpower Loan Calculator
Using a loan calculator before initiating the application procedure is beneficial as it lets you understand how much loan amount you can afford. There is this online Cashpower loan calculator available at WesBank website that you can use to check the monthly repayment amount.
To check that, you have to use a slider available and have to select the loan amount and loan term you want to get. After putting in the information you’ll get to know about the repayment amount that you have to repay monthly.
This will let you know about the affordability, ultimately helping you in making the final decision. The loan calculator also helps you in customizing the loan payment you want to get and repayment terms and setting them according to your convenience.
How To Contact Cashpower Personal Loans?
If you have any questions or queries in your mind and you need to contact Cashpower Loans, you can contact them on their phone or by visiting them in person. To Contact them on their phone simply dial their customer service number. Their customer service number is mentioned below.
Contact Number: 0861 238 252.
Remember you can only call between the call hours, which are 8:00 a.m. to 8:00 p.m., from Monday to Sunday.
Moreover, to contact them via visiting their office, you can visit their head office address. The head office address is mentioned below.
Head office Residential Address: Wesbank, Enterprise Road, Fairland, 2170
FAQs
What is the interest rate for Wesbank?
There is no fixed interest rate for WesBank. Instead, it varies on the basis of different factors. The applicable interest rate is somewhere between 19.25% to 29.25% per annum. Remember one of the basic factors the interest rate is dependent upon is the qualifying criteria.
What are the requirements that you have to fulfill to apply for a WesBank Cashpower personal loan?
You have to make sure that you have a South African ID number or residential ID with you. Your credit record should be clear and you should be earning a minimum of R 5000 per month. Moreover, you should have a three-month bank statement, residential proof, and recent payslips with you.
What are the benefits of opting for WesBank cash power personal loans?
WesBank personal loans are the perfect choice for you to consider if you are in need of a little extra cash. Their effortless application procedure, fixed repayment terms, and customer protection plan that they offer make them one of the most reliable choices for most borrowers. Moreover, there is this slider available on the webpage of WesBank loans where you can estimate the repayment time by selecting the amount you want to borrow.
Can you use the CashPower loans for debt consolidation purposes?
Yes, you can use the Cashpower loans for debt consolidation purposes without any worries. This is because there are no restrictions on the usage of WesBank Cashpower loans. You can pay the loan amount to repay the smaller debts, ultimately making you feel convenient and stress-free.
What information do you have to provide while applying for WesBank loans?
When applying for WesBank loans, you have to provide your personal information, including your full name, your government ID, and residential proof. Moreover, you also have to provide information about your bank details and income details in your application while submitting.
What are the important things that you have to keep in mind to increase the chances of application approval?
To maximize the chances of your application approval you have to make sure that you are providing correct information about yourself in the application form. Moreover, you also have to make sure that the documents you are attaching with the application form are all genuine and legal.
Conclusion
Hopefully, you have gone through this above article that tells about the Cashpower loans and details about them including what they are and other relevant information. You need to pay attention to understand the procedure so that you can apply for WesBank Cashpower personal loans easily and get your application approved quickly.