This article focuses on DTB Weza loan features and requirements to apply. DTB Weza is an instant unsecured 30-day loan facility from Diamond Trust Bank Kenya Limited (DTB). You can borrow from as low as Ksh 500 to a maximum of your assigned credit limit.
How To Qualify For DTB Weza Loan
- You need to be a DTB customer
- You are registered on DTB mobile banking
- Actively transacting on DTB for more than six months
- You also need to have a good CRB rating
DTB Weza Loan Features
- Accessible via the DTB m24/7 mobile app or by dialing the USSD (*382#)
- Instant loan disbursement to your DTB account
- 30-day loan term
- 7% loan processing fee upon disbursement
How To Apply For DTB Weza Loan
a) Using the DTB m24/7 mobile app
- Login to the app – Click on the Weza icon
- Select the preferred account
- Accept the terms and conditions
- Authenticate the same by entering your PIN – you will be redirected to the main app screen
- Click on the Weza icon – your eligible limit will be displayed on the screen for you to start borrowing
b) Dialling the *382# USSD code
- On your phone dial *382# – select option 8 Weza
- Select opt-in then select the 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 the screen for you to start borrowing)
DTB Weza Loan Charges/ Interest Rates
- 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
What Happens If you Don’t Repay the loan within 30 days?
Your loan repayment period will be extended for an additional 30 days, and you will be charged a rollover fee of 3% on your outstanding loan balance.
What to do if you don’t qualify for a loan
- Ensure you have a good rating at CRB
- Transact more using your DTB account
- Maintain a positive balance in your account
How to Grow Your DTB Weza Loan Limit
- Increase activity in your DTB account
- Increase savings in your account
How To Repay DTB Weza Loan
You can only repay the loan from your DTB account.
DTB Weza Loan Customer Care Contacts
Phone: 0719 031 888, 0732 121 888
Email: contactcentre@dtbafrica.com