The fact that you don’t need to secure a personal loan against collateral makes it seem too good to be true. And that makes it perfect for all those times when you are in need of urgent 2k. A personal loan could be a good option when you want to make large purchases you currently…
Funding opportunities for your business It’s said that in Nigeria, 4 out of 5 startups fail in their first 5 years due to lack of funding. What’s a business owner to do in such a time? This episode of the ALAT podcast shares valuable opportunities – including Wema Bank’s Hackaholics – that business owners can…
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.
ALAT is Nigeria’s first fully functional digital bank. With ALAT, you can do all your banking transactions without being physically present at a bank.
ALAT is built from scratch to be entirely digital, making all banking services available to you anywhere you can access the internet. In comparison, a banking app only offers some banking services (typically airtime purchases, bill payments and transfers). With a banking app, you usually still need to go to a physical bank to get a…
