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Personal Loan (Fixed Term Loan) 2017-12-13T14:27:12+00:00

Personal Loan (Fixed Term Loan)

  • Wema-Personal-Loan

All Banking is Personal

If you are employed by a recognized organization and you operate a Salary Current or Savings Account with us, and you need a loan, our Personal Loan is for you.

  • Available to existing salary account holders, based on salary domiciliation.
  • New customers, will in addition to salary domiciliation, provide evidence of consistent salary payment for most recent 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 down payments.
  • 48 hours loan disbursement.
  • Available to confirmed employees only.
  • Apply for loans & overdrafts at the convenience of your office
  • Low turnaround time for loan & overdraft disbursement (48 hours)
  • Zero account maintenance fee on the current account
  • Access to mobile & Internet Banking services
  • 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). Please note that 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 bank representative) 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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