WAAS

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Summary
Target Market
Features
Benefits
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Wema Asset Acquisition Scheme (WAAS) is an asset finance facility available to individuals who wish to acquire brand new assets of their choice while repayment is made over a certain period.

  • Formally  employed  staff  of  companies/employers acceptable to Wema Bank
  • Self-employed individuals with steady income from their business ventures
  • Groups of salary earners under an association
  • Loan facility is as low as N500,000
  • Covers assets like vehicles and mid-sized generators
  • Only brand new assets are financed
  • Facility runs from 6 to 48 consecutive months
  • Eliminates cash flow burden associated with outright purchase of asset/equipment
  • Allows the beneficiary to own, use and pay later through a convenient repayment plan
  • Enables organisations to motivate their staff through group asset acquisition schemes
  • Competitive interest rate and fee structure

A.  For Salaried Individual with Account domiciled in Wema Bank

  • Duly completed WAAS Application Form
  • Letter of Introduction from employer's HR
  • Means of Identification  (National Driver's License, International Passport, National ID & office ID Card)
  • Most recent 3 months’ pay slip
  • Most recent 3 months bank Statement
  • KYC
  • Pro-forma Invoice issued in the name of Wema Bank
  • Employer Endorsed Salary Domiciliation Letter

 

B.  For Salaried Individuals where Account Not Domicilled in Wema Bank

  • Duly completed WAAS Application Form
  • Letter  of  Introduction from employer's HR
  • Means of Identification (National   Driver's License, International Passport, National ID & office ID Card)
  • Most recent 3 months’ pay slip
  • Most recent 3 months’ bank Statement
  • KYC
  • Pro-forma Invoice issued in the name of Wema Bank

C.  For Self Employed Professional:

This will be considered based on customer’s Banking relationship. 

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January 17, 2017
SHARE PRICE N 0.6200 Up
VOLUME TRADED 10,515,199 Up