WeVault - Loan Terms

Western Vault Loan Terms & Requirements

Empowering You with Flexible, Transparent, and Secure Financing

At Western Vault, we are committed to responsible lending, transparency, and customer protection. Our loan programs are designed to provide individuals, entrepreneurs, and corporate entities with secure, fast, and flexible access to funds — in compliance with applicable financial regulations and industry best practices.

We operate as a digital fintech platform, not a traditional bank. All services are provided in partnership with licensed financial institutions, regulated payment gateways, and trusted third-party banking channels.

GENERAL LOAN TERMS

1. Eligibility

To qualify for any Western Vault loan product, applicants must:

● Hold an active and verified Western Vault account.
● Complete KYC verification and meet all plan-specific eligibility requirements.
● Maintain a verifiable source of income or active business activity.

2. Documentation & Submission

All required loan documents and signed loan agreements must be submitted immediately after completing the online application. Documents should be sent via email to loan@wevault.online, clearly stating:

● Full Name
● Registered Account Number
● Loan Type & Amount
● Contact Email Address

3. First-Time Borrower Deposit Policy

To promote responsible lending and borrower credibility, first-time borrowers who have not carried out any prior credit transaction or deposit since account creation must make a first-time deposit equivalent to at least one periodic installment amount before their loan can be activated for withdrawal.

Example: If a new customer is approved for a £1,000 loan repayable in £100 monthly installments, they are required to deposit a minimum of £100 into their Western Vault wallet prior to withdrawal approval.

This deposit serves as a creditworthiness validation, ensures borrower–lender trust, and aligns with our internal loan disbursement and withdrawal ethics.

4. Loan Usage Restriction Policy

Borrowers must utilize approved loan funds strictly for the stated purpose under which the loan was granted. Customers who divert approved loan funds into WeVault investment or savings schemes — instead of following the withdrawal and usage criteria — will be subject to the following:

● A 30% deduction from any resulting investment profit, and
● Mandatory compliance with the first-time deposit policy before any withdrawal is processed.

5. Repayment & Installments

Each loan plan specifies its repayment structure, frequency, and duration. Repayments may occur monthly, bi-monthly, or quarterly, depending on the product. Where applicable, Western Vault reserves the right to process automated debit instructions or scheduled wallet deductions to recover installment payments.

6. Default & Late Payment Policy

Failure to meet scheduled repayments may result in:

● Additional late payment charges or interest,
● Restriction of account privileges,
● Suspension from future loan eligibility, and
● Reporting to credit reference or regulatory monitoring bodies, where applicable.

7. Processing & Approval Timeline

Loan applications are typically reviewed and processed within 24–48 hours, subject to the completeness of documentation, KYC status, and verification checks. Additional processing time may apply for corporate or large-scale loan products.

8. Verification & Fraud Prevention

Western Vault employs multi-layered verification, AML (Anti-Money Laundering), and CTF (Counter-Terrorist Financing) checks for all loan applications. Submission of false or misleading documents will result in immediate rejection and potential account suspension.