LOANS

What is Fixed Term Loan?
Fixed-term loan is an advance facility repayable in fixed monthly installments.
Mon, 15 Feb, 2021 at 8:07 AM
I don't have a salary account with Wema bank, can I have access to a fixed-term loan?
So sorry, you cannot have access to a fixed-term loan, kindly visit the nearest branch to open a salary account with Wema Bank.
Mon, 15 Feb, 2021 at 8:07 AM
What is the maximum loan amount I can get?
The Fixed-Term loan allows a loan at seven (7) multiples of your net monthly salary subject to a maximum of N2 million.
Mon, 15 Feb, 2021 at 8:08 AM
What is the maximum loan tenure for a fixed-term loan?
The maximum tenure for the fixed-term loan is 24 months 
Mon, 15 Feb, 2021 at 8:08 AM
How long does the loan take to get disbursed into my account?
 You will receive a response on the approval/decline of your request within 72hrs
Mon, 15 Feb, 2021 at 8:08 AM
Can I apply for this loan without visiting the branch?
Sincere apologies, you will be required to visit a branch to apply for this facility
Mon, 15 Feb, 2021 at 8:09 AM
What collateral do I need for this loan?
No collateral is required for this facility 
Mon, 15 Feb, 2021 at 8:09 AM
What are the documents required to access this facility?
The documents required are;  Letter of Introduction signed by authorized signatories of employer  Irrevocable Letter of Salary Domiciliation (duly exe...
Mon, 15 Feb, 2021 at 8:09 AM
I am a new staff; can I access this loan?
So sorry you cannot as 3 months’ payslip is required.
Mon, 15 Feb, 2021 at 8:09 AM
I don't have an ID Card yet; can I access this loan?
A national means of identification may suffice to access this facility.
Mon, 15 Feb, 2021 at 8:09 AM