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Loan services
Wegagen Bank offers loans for diverse credit needs bringing flexible borrowing options:
1. Term Loans
Term loans are laid down on a basis of contract and the timing of repayment is specified in periodic
installment.
2.Overdraft facility
It is the type of loan facility with which borrowres are allowed to draw beyond the deposited amount in their current
accounts.
3.Merchandise loans
It is akind of loan where a customer pledges merchandise as acollateral for a period not exceeding 90 days.
4.Domestic Tradeand service Loan
Business entities that are engaged in wholesale,ratail and/or the service industry (hotel, tourism, health education, etc)
are entertained through this type of loan.
5.Foreign Trade Loans
This type of loan is provided for financing import and export businesses.
6.Agricultural production loans
Funds are available at Wegagen fro crop harvetsing, purchasing inputs, fertilizers,improved seeds,
combine harvesters,tractors,constructing
storage facilities..etc.
7.Manufacturing loan
This type of Loan is for working capital,purchasing machinery and equipment required for manufacturing, cottage industries.
8.Building constrcution loan
This loan is for renovating a house ot to meet shoratge of funds at a completion phase of building
9.Bridge loans
Bridge loans are resources that are made available to those customers who need temporary funding.
such loans are made against
reliable evidence and pledge that future income will be used to rtepay the loans.
10.consumer loans
loans are provided for purchasing household items for personal or professional use.
11.Automobile Loans
This is a type of term loan for purchasing automobiles (new or used) for business or personal use.
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