Whether you’re looking for the security of fixed monthly instalments with the Shock Absorber, or the flexibility of a built-in payment break with Take-a-Break, WesBank has a solution designed to fit your financial needs.
Take-a-Break lets you skip one monthly payment every year for the duration of your finance agreement.
To qualify, simply pay your first three instalments on time , then choose the month you’d like to use as your annual payment break.
The Take-a-Break payment plan can be offered with our existing contract period terms of up to 96 months.
This payment plan can be offered with the following credit agreements:
This product is NCA compliant and available to:
Enables customers to budget more effectively for seasonal cash flow fluctuations.
Minor payment adjustments assist customers in managing planned additional expenses.
The customer can choose the preferred month to take the break.
Supports customers in maintaining a strong payment history.
• Juristic (business/company) customers • Take-a-Break cannot be offered on agreements with a Financial Shock Absorber.
Shock Absorber locks in fixed monthly instalments while still benefiting from a linked interest rate. Any interest rate changes are applied to your final payment, so your monthly instalments stay the same throughout the agreement.
The Shock Absorber plan can be offered with our existing contract period terms of up to 96 months.
Take advantage of lower interest rates when they drop.
Budget more easily with predictable payments.
Have time to prepare for financial adjustments at the end of the contract.
Enjoy the stability of fixed monthly payments.