Wema Personal Loan

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Target Market
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Are you a Wema Bank account holder? Obtaining a personal loan has never been easier...

  •  Formally employed staff of companies/employers pre-approved by Wema Bank
  •  Groups of salary earners under an association
  • Available to existing salary account holders, based on salary domiciliation with Wema Bank.
  • New customers must provide evidence of consistent salary payment in the prior 3 months.
  • Maximum loan amount is 7 multiples of net monthly salary, subject to a maximum of N2 million
  • Maximum loan tenor of 36 months.
  • Loan Top-up available after 6 months of regular monthly payments.
  • 72 hours loan disbursement.
  • Available to confirmed staff only.
  • Apply for loans and overdrafts in the convenience of your office
  • Low turnaround time for loan  disbursement 
  • Zero COT on the current account
  • Access to all electronic banking products & services
  •  Duly completed loan application form and executed offer section
  • Letter of Introduction signed by an authorised signatory of employer
  • Irrevocable letter of salary domiciliation (duly executed by employer's authorised signatory)
  • Proof of income (3 months' pay slip or 3 months’ account statement)
  • Recent Utility Bill
  • Proof of identity (Staff ID is acceptable but National ID, International Passport or Driver's Licence may be required, where necessary)
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December 13, 2017
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