Other SME Loans

Female Support Loan

At Wema Bank, we believe in supporting businesses and individuals. Female business owners have a special spotlight with our 9% SME Loan. Every quarter, we target businesses owned by women from locations such as Lagos, North/Abuja, South-West and South East as beneficiaries for this product.

This SME loan product has been specially modified to help women in business actualize their financial goals without hassle. Campaign for this product runs within a 3 months period. After this period, loan is then given to selected beneficiaries. Current campaign for this product will be concluded by July 2021. This loan product will help female business owners offset immediate business needs and to restock on finished goods or business products.

With all-in rate of 9%, no need for collateral or guarantor, any female account holder who is an SME is eligible as long as you continue to grow your transactions counts and volume with Wema Bank through our digital channels - ALAT, ALAT for Business and *945#.

How to get started? Start transacting now using our digital channels - ALAT, ALAT for Business and *945#. Walk into any of our branches and open account today if you do not have one and join the activities.

Pharma Loan

This facility is targeted at supporting pharmacy store owners with working capital. Customers can get up to N5m without collateral.

Medi Loan

Wema Medi Loan was designed to meet short term working capital needs of private hospitals, clinics and diagnostic laboratories. Customers can get up to N5m to meet the operational needs of their medical business.

School Support Facility

This loan facility is to support education. Privately owned schools can get up to N10,000,000 to meet the school’s recurrent expenditure.

Development Bank of Nigeria (DBN) Facility

As an SME-friendly Bank, we have partnered with DBN to provide funding to SMEs at a very affordable rate and engender inclusive growth.