Wewole is a loan service that enables Airtel Money subscribers to access loans instantly with no collateral or paperwork and also payback
How to get a loan on Airtel Money loan/Wewole loan
Firstly to qualify for the Airtel Money loan or Wewole, you have to be registered with Airtel Money with a minimum of active 6 months of transaction history with the service.
- Dial *185#
- Select Option 8 (Wewole)
- Now, choose option 1 (Get a loan) to apply for an instant loan
- You will be presented with your current loan limit
- Enter the amount of money you wish to borrow
- Then, enter your 4-digit Airtel account PIN
- At this stage, all things are done
- Once Airtel approves your loan amount, money will be deposited on your Airtel Account instantly.
How to Pay off your Wewole Loan and Interest fees
To pay off your Airtel Money loan/Wewole loan, all you need is to;
- Dial *185#
- Select Option 8 (Wewole)
- Select Option 2 (Pay loan)
- Then choose between paying the full pending amount, or enter an amount to deduct from your account
- Finally, enter your 4-digit Airtel Money PIN to approve your loan re-payment.
Frequently asked questions (FAQs)
Can I repay my loan anytime?
Yes, you can. Simply recharge your airtel money Account and ensure you repay the loan before the loan repayment period to avoid a late payment fee.
- Dial *185# or *165#
- Select 8. Wewole
- Select 2. Repay Loan
- Follow steps to complete transactions
What is the loan repayment periods available?
There are 4 loan periods; 7days, 14days, 21days and 28days
What if I default on my payment?
If you default, a late repayment service fee of 10% will be charged on the outstanding balance
What is the minimum & maximum amount I can borrow with Airtel money?
If you are a Customer, you can borrow 8,000 to 500,000shs and If you are an Airtel money Agent, it’s 100,000 to 1,000,000shs
What is the service fee charged on the Wewole loan?
The service fee for a wewole loan is 8% for Customers & 6.75% for Airtel money Agents
Conclusion
It is important to keep in mind that you must pay back any loans you get at the agreed time. Before applying, make sure you understand what you will be getting.
I used to get the loan but now it’s over 2 years without being given a loan of wewole from Airtel.
After paying back your loan on wewoole, why are you not granting another loan for me, I have been paying your loan on time, see now 🤔