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Wema Asset Acquisition Scheme (WAAS) 2017-12-11T16:28:04+00:00

Wema Asset Acquisition Scheme (WAAS)

  • WAAS

The asset finance facility you need

Do you want to acquire an asset that you currently cannot afford? Wema Asset Acquisition Scheme(WAAS) is the asset finance facility that you need.

  • Loan facility is as low as N500,000.00
  • Covers assets like new vehicles and mid-size generators only
  • Only brand new assets will be financed
  • Facility runs from 6 to 48 consecutive months
  • Eliminates cash flow burden associated with outright purchase of asset/equipment
  • Allows beneficiary to own now, use now & pay later through pre-agreed convenient repayments
  • Enables organizations to motivate their staff through the group asset acquisition schemes
  • Competitive interest rate and fee structure

A. For Salaried Individual with Account Domiciled in Wema Bank

  • Properly completed WAAS Application Form
  • Letter of Introduction from employer’s HR (Branch verified)
  • Means of Identification (National Driver’s License, International Passport, National ID & office ID Card)
  • Latest 3 months pay slip
  • Authenticated & recent 3 months bank Statement
  • Residential Utility Bill + Customer Visitation Form for KYC
  • Pro-forma Invoice issued in the name of Wema Bank
  • Favourable Credit Bureau Report and completed CRMS 100 Form
  • 1 month salary Credit to Wema Bank Salary Account
  • Employer Endorsed Salary Domiciliation Letter
  • Direct Debit Authorization & Irrevocable Undertaking To Fund Personal Current Account

B. For Salaried Individuals where Account Not Domiciled in Wema Bank

  • Properly completed WAAS Application Form
  • Letter of Introduction from employer’s HR (Branch verified)
  • Means of Identification (National Driver’s License, International Passport, National ID& office ID Card)
  • Latest 3 months pay slip
  • Authenticated & recent 3 months bank Statement
  • Residential Utility Bill + Customer Visitation Form (KYC)
  • Pro-forma Invoice from the bank approved vendor issued in the name of Wema Bank
  • Favourable Credit Bureau Report and completed CRMS 100 Form
  • Irrevocable Standing Order From Client’s Bank in favour of Client’s Wema Bank Personal Current Account
  • Direct Debit Authorization & Irrevocable Undertaking to fund Personal Current Account.

C. For Self Employed Professional

  • Completed Application Form
  • Personal Current Account with Wema Bank
  • Letter of Introduction duly endorsed by a company director
  • Means of Identification (Statutory and Official)
  • Authenticated & recent 12-month bank Statement
  • Residential Utility Bill + Customer Visitation Form (KYC)
  • Certificate of Registration/incorporation
  • Particulars of Directors
  • Corporate/Company Profile
  • Pro-forma Invoice issued in the name of Wema Bank
  • Favourable Credit Bureau Report and completed CRMS 100 Form
  • Direct Debit Authorization & Irrevocable Undertakin
  • Duly completed loan application form & executed offer section
  • Letter of introduction signed by an authorized signatory of employer
  • Irrevocable letter of salary domiciliation (duly executed by employer’s authorized signatory)
    > The signatories must be independently verified by a representative of Wema Bank
  • Proof of income (3 months’ pay slip or 3 months account statement)
  • Proof of address (Physical visitation and report by RM) supported with a copy of recent utility bill.
  • Proof of identity (Staff ID is acceptable but National ID, International Passport or Driver’s License may be required where necessary)

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