Business and Finance

Wema Bank Collateral-free Loan for SMEs Application

Wema Bank Collateral-free Loan for SMEs Application

To help fight against COVID-19 pandemic, Wema bank introduced collateral-free loans to support Small and Medium Enterprises (SMEs).

This facility is available for business owners who are in segments such as trade /general commerce, schools, pharmacies, hospitals, clinics, and diagnostic centres.


Businesses that are into trading or general commerce can access up to N5 million loan.
School owners can access up to N10 million.
Health sector business owners like Pharmacies, hospitals, clinics and diagnostic centres can access up to N5million.

How to apply for Wema bank collateral-free SME loans

To apply for Wema bank SME loan, kindly visit any of the Wema bank branches nearest to you. The online application is yet to commence.

Wema Bank Collateral-free Loan for SMEs

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