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Wema Asset Acquisition Scheme (WAAS)
Loan Interest
30%%
Minimum Loan Term
6 months month
Minimum Loan Amount
₦500,000
Learn More
Benefits
Equity contribution of as low as 20%
Only brand new assets will be financed
Competitive interest rate
General Details
Eligibility
salary domiciliation
Collateral
Obligor limit
Equity Contribution
Maximum loan term
48 months
Maximum loan amount
Contact the bank
Auto Loan
Loan Interest
3.5%
Minimum Loan Term
12 month
Minimum Loan Amount
₦500,000
Learn More
Benefits
Up to N30,000,000
Installation of free tracking device
No residual cost at end of loan
No security required
General Details
Eligibility
Individuals in structured employment.
Self-employed individuals with regular income.
Collateral
Obligor limit
Equity Contribution
Minimum of 20%
Maximum loan term
48 months
Maximum loan amount
N7,5000,000
Automobile Loan
Loan Interest
22% p.a.%
Minimum Loan Term
1 month month
Minimum Loan Amount
₦500,000
Learn More
Benefits
Up to N15 million
Salary domiciliation
A year free car servicing
Free car registration
General Details
Eligibility
Applicants with salary account with FirstBank.
Facility is restricted to the purchase of brand-new vehicles only.
Collateral
Obligor limit
Equity Contribution
20%
Maximum loan term
48 months
Maximum loan amount
N15,000,000
