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ExpressCredit 2018-02-12T13:21:38+00:00


  • Express-Credit

Boost Your working Capital

Designed to boost the working capital of an existing business in order to aid its growth.

  • Available to business owners that operate a business current account
  • Facility amount starts from N100,000 to a maximum of N1 million
  • Amount loanable is 80% of six-month average credit turnover in business account
  • Facility tenor is between 3 to 12 months and renewable after clean-up
  • Minimal or no collateral is required for the advance
  • Easy access to working capital for business growth
  • Minimal or no collateral required
  • Flexible loan repayment tied to cash flow.
  • Competitive interest rate
  • Access to all electronic products of the bank
  • Completed loan Application Form.
  • Two passport photographs
  • Company profile
  • Executed Personal and/or Corporate Guarantee form by an acceptable Guarantor
  • Statement of net-worth-duly completed by the Guarantor
  • At least three (3) months bank account statement from Wema Bank and three (3) months from previous/other bank(s)
    > Other banks’ statement must be on letter head and signed by the bank official with stamps
  • Residential Utility bill and Customer Visitation form for borrower and guarantor.
  • Business Utility bill and Customer Visitation form for borrower and guarantor.
  • Business Questionnaire form (To be completed by the Relationship manger/ officer
  • Customer should provide a guarantor who will submit undated cheque covering the value of the loan
  • Customer to submit undated cheque covering the loan valve (where necessary)

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