Loan Facilities

allkindsofloansLoan Facilities

Wegagen Bank currently offers services for diverse credit needs with flexible borrowing options.

Term Loans

Term Loan is the type of loan granted to a customer repayable within specified period through installments agreed.

Overdraft Facility

Overdraft is a type of facility with which borrowers are allowed to draw beyond the deposited amount of money in their current accounts with limit for a specified period of time.


Overdrawal facility is the type of loan made available to customers who need temporary funding to execute contract based activities. Such loans are granted against reliable evidence that future proceeds from a contracting party will be used to repay the loan.

Merchandise Term Loan

Type of loan granted to customers by pledge of their merchandise as collateral.

Domestic Trade and Services Term Loan

Type of loan facility that provides working capital for business entities that are engaged in wholesale or retail trade and/or the service sector such as hotel, tourism, health, education, etc.

Foreign Trade Term Loan

Type of loan provided for financing import and export businesses.

Agricultural Term Loan

Type of loan availed for constructing storage facilities, crop harvesting, purchasing inputs, improved seeds, tractors, etc.