Personal Loan

All Banking is Personal Including Personal Loans in Nigeria

Personal Loan is a loan facility currently available to employees who operate a Salary Current or Savings Account with Wema Bank. This product is also available for formally employed staff of companies/employers pre-approved by Wema Bank and groups of salary earners under an association. With this product, you can cover medical bills, purchase a car, make home improvements, give your side hustle a little boost, pay for training to improve yourself, and do so much more!

The personal loan will be disbursed into a salary account domiciled with the Bank.

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USSD code for loans in Nigeria

The WEMA Bank USSD code for loans in Nigeria is *945*65#. Simply dial *945*65# and follow the prompts to get loans in Nigeria from WEMA Bank.

Benefits of Personal Loans in Nigeria

Available to existing salary account holders, based on salary domiciliation.

New customers, will in addition to salary domiciliation, provide evidence of consistent salary payment for the most recent 3 months.

The maximum loan amount is 7 multiples of net monthly salary, subject to a maximum of N2 million

Maximum loan tenor of 36 months.

Loan Top-up available after 6 months of regular monthly down payments.

Available to confirmed employees only.

Apply for loans & overdrafts at the convenience of your office

Short turnaround time for loan & overdraft disbursement (48 hours)

Access to mobile & Internet Banking services

Features of Personal Loans

Easy Repayment

Repayment directly from your account with us.

No Security or Collateral Required

Loans are fully unsecured with no security or collateral required.


Wide range of channels where you can make repayment.

No Preliquidation Charges

You can make free partial or full liquidation at your convenience through our 24/7 online banking.

Top Up For Your Needs

If you need additional financing during your loan tenor, we offer you a top up as long as you have made regular repayments.

Zero Maintenance Fee

Zero account maintenance fee on the current account

Personal Loans Rate Calculator

Please use the calculator below for an estimation of your loan repayment amount. The Approximate Monthly Repayment figure for WEMA Bank's Personal Loan is indicative and is not meant to be final or binding on the Bank. The Bank reserves the right to determine the final interest rate in accordance with applicable laws and the amount that can be borrowed.