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 fo