Rating based on 10 reviews

Wesbank

Updated July 19, 2024

Asset Finance starting from R1,000,000
Tax advantages
Save on depreciation

Wesbank homepage — Author Wesbank. Screenshot of Wesbank website.
[Accessed July 25, 2023]

About Wesbank

WesBank is one of the leading vehicle and asset finance providers in South Africa, with a rich history spanning over 40 years.

As a division of FirstRand Bank Limited, WesBank offers a comprehensive range of financial products and services to individuals, businesses, and organizations.

Their business services include vehicle finance, personal loans, insurance, fleet management, and more. With a commitment to innovation and customer satisfaction, WesBank has established itself as a trusted and reliable partner in the finance industry, empowering South Africans to achieve their goals and dreams.

Dedicated to helping your business grow

WesBank is committed to providing you with exceptional financial solutions that are tailored to meet your individual needs.

With a deep understanding of the challenges that businesses face in today's economy, WesBank takes a unique approach to support you by offering a range of products and services designed to help your business grow and succeed.

Dedicated business support managers

One of the key ways that WesBank supports its business customers is by providing access to a team of dedicated business managers who have a wealth of experience in helping businesses of all sizes to achieve their goals.

These managers work closely with you to understand your unique needs and to develop financial solutions that are specifically tailored to meet those needs.

In addition to their dedicated business managers, WesBank also offers you a range of innovative products and services that are designed to help you manage your finances more effectively.

These include flexible leasing options, tailored insurance solutions, and a range of digital tools and platforms that make it easier for you to manage your finances and make informed decisions.

Wesbank Services

With a deep understanding of the challenges you face in acquiring and maintaining your equipment, WesBank takes a unique approach to support you by offering a range of products and services designed to help your business grow and succeed.

Their equipment finance services provide you with access to the latest technology and equipment, enabling you to stay ahead of the competition and achieve your goals.

Stay ahead of the competition with Wesbank's equipment finance

With WesBank's equipment finance services, you have the opportunity to acquire and maintain the equipment you need to stay competitive in your industry.

Their flexible and tailored finance solutions are designed to suit your individual business needs, providing you with access to the latest technology and equipment.

Whether you need to acquire new machinery, upgrade your existing equipment or replace your vehicles, WesBank offers a range of financing options such as operating leases, finance leases, and instalment sales agreements.

These options allow you to obtain the equipment you need while preserving your cash flow and working capital.

Insurance options to protect your equipment

WesBank's equipment finance services also include insurance options to protect your equipment from any potential damage or loss.

They also offer asset tracking and management services, enabling you to monitor the performance and maintenance of your equipment to ensure you are getting the most out of your investment.

The benefits of equipment finance from WesBank include:

Access to the latest technology and equipment to stay competitive in the industry.
Flexible and tailored finance solutions to suit individual business needs.
Preservation of cash flow and working capital.
Insurance options to protect equipment from damage or loss.
Asset tracking and management services to monitor performance and maintenance.
Tax benefits and savings on depreciation.
Improved cash flow management and budgeting.
Faster and easier equipment upgrades and replacements.

Wesbank – Asset Finance

Loan Type Asset Finance
Loan Amount from R1,000,000

Benefits of Wesbank

Access financing for equipment worth R1 million or more.
Choose from various financing options, including operating leases, finance leases, and instalment sales agreements.
Safeguard your equipment with insurance options to cover damage or loss.
Monitor equipment performance and maintenance for optimal investment returns.
Enjoy potential tax advantages and savings on depreciation.
Preserve working capital and maintain healthy cash flow.
Easily upgrade or replace equipment to stay competitive.
Access financing at competitive rates to save on costs.
Tailor financing to your business needs, whether large or small.
Benefit from dedicated business managers with expertise in helping businesses succeed.
Stay ahead in your industry with the latest technology and equipment.
Simplified application process, either online or through a WesBank business manager.
Acquire essential equipment without a substantial upfront payment.
Finance a wide range of assets, from manufacturing equipment to commercial vehicles.
Small businesses receive specialized financing solutions and support.
Use digital tools and platforms for efficient financial management.
Improve cash flow management and budgeting for your business's financial health.

Contact a Wesbank business manager and get your equipment finance approved today

The equipment finance application process with WesBank is relatively straightforward. Businesses can start by submitting their application online or by contacting a WesBank business manager.

The application typically requires information about the business's financial history, such as its credit score and cash flow, as well as details about the equipment being financed.

Once the application is submitted, WesBank will assess the business's financial position to determine if it qualifies for equipment finance.

If approved, the business will receive a finance offer outlining the terms and conditions of the financing. Upon acceptance of the offer, the business can proceed with acquiring the equipment and making payments according to the agreed-upon terms.

Typical requirements to qualify for equipment finance with WesBank:

A registered and operational business with a good credit history.
Proof of income and financial statements.
A valid South African driver’s license or ID document.
A detailed quote for the equipment to be financed.
Insurance for the equipment to be financed.
In some cases, a deposit or upfront payment may be required.
Any additional documents or information required by WesBank to assess the application.

What if you’re a small business owner?

They offer equipment finance solutions that are tailored to suit the individual needs of each business, regardless of their size.

WesBank understands that small businesses often have limited cash flow and working capital, and they offer flexible finance options that help small businesses to acquire the equipment they need to grow and succeed.

They also have dedicated business managers who work closely with their customers to understand their unique needs and to develop financial solutions that are specifically tailored to meet those needs.

WesBank provides financing for a wide range of equipment and assets, including but not limited to:

Construction equipment, such as bulldozers, excavators, and loaders
Manufacturing equipment, including lathes, milling machines, and presses
Medical equipment, such as MRI machines, X-ray machines, and ultrasound equipment
Office equipment, including computers, printers, and telecommunications equipment
Commercial vehicles, including trucks, buses, and trailers
Farming equipment, including tractors, harvesters, and irrigation systems
Industrial equipment, such as generators, compressors, and pumps
Material handling equipment, including forklifts and cranes
Fitness equipment, including treadmills, ellipticals, and weight machines
Hospitality equipment, such as kitchen equipment, refrigerators, and dishwashers.

Dedicated to helping you reach your potential

WesBank's unique approach to supporting its business customers is characterized by a deep commitment to understanding your needs and developing innovative solutions that help you to achieve your goals.

Whether it's through their dedicated business managers or their innovative range of financial products and services, WesBank is always focused on providing you with the support you need to succeed in today's competitive marketplace.

Wesbank is a trusted & reliable provider of asset finance

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