Products

WEMA BANK COOPERATIVE SOCIETY

Loan
  • • Normal Loan: This is a single digit interest loan of 200% of savings contribution available to members after 6 months of consecutive savings. The loan is repayable within 12-15 months.
    • Application Requirements
    • • A duly filled Loan application form
    • • A loan application letter, and three guarantors to cover 100% of the loan
    • • A Bank Statement/Current pay slip/statement showing salary net credit
    • • A single Postdated cheque payable to Wema cooperative(Half of your intended loan request)
    • • A passport photograph/photocopy of staff ID
  • • Qwik Loan: We provide a soft and bridge fund advances for salary earners within the bank employment. It is an advance loan, and payable monthly on salary day.
    • Application Requirements
    • • A duly filled Qwik Loan application form
    • • A passport photograph/photocopy of staff ID
    • • A Bank Statement/Current pay slip/statement showing salary net credit
  • • Festive Celebration Loan: As part of welfare packages and commiseration with our members at festive seasons such as EASTER/ILEYA/CHRISTMAS, the Society provides loan to members to celebrate with their families. The loan is repayable after 3 months and approval is subject to ability to repay within the period.
    • Application Requirements
    • • A duly filled application form
    • • A passport photograph/photocopy of staff ID
    • • A Bank Statement/Current pay slip/statement showing salary net credit
  • • Property Development Loan: This is a loan granted for acquisition of houses and properties. We have successfully delivered residential apartments for our members at Alakuko and Somolu within Lagos state environs, and other similar projects are on going.
    • Application Requirements
    • • Get in touch with us on 09083593629
  • • Asset Aquisition Loan: Regularly, the Society supports members to acquire and posses valuable assets such as Landed properties, Car or household appliances..
    • Application Requirements
    • • Get in touch with us on 09083593629