Have you ever been in need of money to do something but don’t know where to get the money, or wanted to borrow from your bank but don’t know how to. Don’t worry, with the Wema Bank USSD Code you can acquire a loan.
But before we go further, you need to know what a loan is; a loan is a sum of money that a person, business, etc borrows from another person, business, etc with a promise that it will be paid back on a specific date.
In this article, I will tell you how you can acquire a loan from Wema Bank.
Loans Available At Wema Bank.
- Business Loan.
- Car Loan.
- School Fees Advance Loan.
- Personal Loan.
Requirements For School Fees Loan.
Before you can be given any loan for school fees, there are some requirements.
- Invoice of school.
- Valid ID (Voter’s Card, Drivers License, National ID, or International Passport).
- Completed school fees advance form.
- A letter of introduction to determine the employment status of the parents.
- Your utility bill to prove your address.
- Payslip of last three months.
- An irrevocable letter of domiciliation from your employer.
- Six month’s salary statement of account for customers whose account is not domicile or cannot be with Wema bank.
You need to visit the nearest Wema Bank for School fees loan.
Requirements For Personal Loan.
Before you can be given a loan, you must have the following requirements.
- You must have a current or savings account with Wema Bank.
- 3 months payslip as a proof of income.
- Your utility bill to prove your address.
- An irrevocable letter of salary domiciliation.
- A letter of introduction from your employer.
- You must complete the loan application form.
- Proof of identity with Staff ID (International Passport, Driver’s License, or National ID).
- You must have a source where you earn salary.
You need to visit the nearest Wema Bank for personal loan.
USSD Code To Acquire A Loan.
If you want to take a loan from Wema Bank, just dial *945*100#.
Some Frequently Asked Questions.
What Is The Interest Rate For Business Loan?
The interest rate differs according to the products. All rates extent differs between 9% – 31%.
Do I Need A Collateral For Business Loan?
Depending on the product of interest, Only DBN requires a collateral.
If My Loan Tenor Has Been Exhausted, Can I Liquidate?
Yes you can.
For more info, you can visit the Wema Bank website.
Hope this article has been helpful, you can drop a question in the comment section below.
