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Wema Bank Instant Without Collateral

Wema Bank Loans takes pleasure in making processes as straightforward as possible while also providing more realistic choices for securing quick loans without collateral.

This article will go through the many sorts of instant loans currently accessible on Wema Bank.

Wema Bank Loans Without Collateral Are Available in a Different Framework

School Fees Advance

This loan is only for paying your child’s or ward’s school fees in Nigeria. It is accessible to workers of respectable public and private schools who have their salary domiciled with the Bank, i.e., a Wema Bank salary account.

The least facility amount that can be requested is 50,000 dollars, and the maximum facility amount that can be requested is 3,000,000 dollars.

Nursery/Primary/Secondary schools have a maximum tenor of 3 months and a maximum tenor of 12 months applies for tertiary institutions.

Loans for Small Businesses and Entrepreneurs (SME)

Wema Bank has a variety of small business loans and financing options to assist you in growing your company.

We understand the challenges, business needs, and growth that a small or medium-sized firm faces.

There is a $100,000 minimum loan amount and a $5,000,000.00 maximum loan amount. The full term is 12 months, and interest rates are pretty low.

Wema Asset Acquisition Scheme (WAAS)

Let us help you with the hard lifting of purchasing a new car, pre-owned imported vehicles, or a mid-size generator with a four-year asset loan.

The credit begins at $500,000 and is just accessible for resources like used and new cars and fair size generators.

Companies who want to use group loans to motivate their staff are also welcome to join WAAS.
The facility is available for 6 to 48 months at a time.

Personal Loan

This is a loan option offered to employees with a Wema Bank Salary Current or Savings Account.

It is also available to formally hired employees of Wema Bank-approved companies/employers and groups of salary earners under an association.

You can use the money to pay for medical costs, buy a car, make house upgrades, boost your side hustle, train to develop yourself, and so much more!

The personal loan will be deposited into a Bank-managed salary account.

The maximum financing term for this product is 36 months. Advance top-up is just open following a half year of regularly scheduled installments.


You can use CBN SME Loan to help your firm grow and flourish. WEMA provides various MSME banking solutions to match your changing business demands.

They can assist you in growing your company by providing highly competitive offers and financial advising services for Micro, Small, and Medium Businesses (MSMEs).

We’ve got you covered from managing your working cash to assisting with business expansion, protecting your business, and boosting your yield. A CBN SME loan can help you grow your firm.

Term Loans

These advances are utilized to finance resource buys, general limit development, and long-haul funding prerequisites.

It could likewise be used for explicit expansionary reasons or financial drives with precise amounts.

Term advances can be a present moment (as long as one year), medium-term (1-5 years), or long haul (over five years) (over five years)

This form of loan is used to fund the purchase of an asset, such as a car or a generator. Leasing is a type of finance that allows you to use equipment in exchange for a set amount of money.

It’s a type of asset finance that will enable you to buy or use something. Finance and Operating Leases are the two most common types of leasing. The ‘Lessor’ is the person who owns the equipment or item, while the ‘Lessee’ is the person who uses it.

How to Obtain Loans without Collateral from Wema Bank

Wema Bank loans without collateral are available between 8 a.m. and 4 p.m. at any of their physical locations.

You can also contact them through the consumer loan portal on their official website www.wemabank.com from the comfort of your own home, office, or wherever you are.


Conclusively, Wema Bank loans without collateral are indeed one of the best due to their diverse nature and the swiftness in Accessing the loan.

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