To determine if you’re eligible to borrow money, our lending partners will run a quick credit check when you make a loan request.
No, you cannot. To request a loan, you must upgrade your account by uploading a photo of your government-issued identity card (international passport, driver’s license, national ID card or voter card) and a photo of a utility bill (not older than three months) with an address matching the contact address on your ALAT profile.
The interest rate on a loan is determined by our lending partners and is stated clearly when you are offered the loan.
Yes, you can use any Nigerian bank card card for repayment.
Absolutely. You can pay off your loan on the ALAT app on or before the repayment date.
If you do not pay off your loan on the due date, you will be charged a late fee and our lending partners may initiate a process to recover the loan. If you skip repayment entirely, you may be blacklisted and it could be very hard for you to get a loan in the future.