product term
Access instant 30-day loans on - the - go courtesy of DTB Weza.
Features
- Instant loan disbursement to your DTB account
- Accessible via DTB m24/7 mobile app or USSD (*382#)/li>
- 30-day loan term
- 7% loan processing fee upon disbursement
- Interest charges as per the Bank’s prevailing Interest rate and lending Terms and conditions.
Requirements
- An active DTB account for at least 6 months
- Active DTB mobile banking profile
- Good credit reference bureau rating
Frequently asked questions
Who is eligible for a Weza loan?
- You need to be a DTB customer
- You are registered on mobile banking
- Actively transacting for more than 6 months
- You also need to have a good CRB rating
What are the features of the Weza loan?
- Quick access to an unsecured loan
- Loan term of 30 days
- Loan is credited to your selected nominated DTB account
How can I access Weza?
- M247 app:
- Login to the app - Click on the Weza icon
- Select preferred nominated account
- Accept the terms and conditions
- Authenticate the same by entering your PIN – you will be redirected to the main app screen
- Click on Weza icon – your eligible limit will be displayed on screen for you to start borrowing
- USSD code:
- Click on Weza icon – your eligible limit will be displayed on screen for you to start borrowing
- Select opt-in then select preferred nominated account
- Accept the terms and conditions -Authenticate the same by entering your PIN
- Dial *382# - select option 8 Weza – Select Loan request (your eligible limit will be displayed on screen for you to start borrowing)
I do not qualify / have any limit for a Weza Loan at the moment. What can I do to qualify?
- Ensure you have a good rating at CRB
- Transact more using your DTB account
- Maintain positive balance in your account
How do I grow my loan limit?
- Increase activity in your DTB account
- Increase savings in your account
What are the Loan Charges?
- Interest is at the prevailing interest rate on loans which is currently at 13% p.a (1.08% pm)
- Loan processing fees at 7% of the loan amount requested
- Excise duty of 20% of the loan processing fees
- All charges are collected upon disbursement of the loan
application form
