Am I eligible for a loan?

To determine if you’re eligible to borrow money, our lending partners will run a quick credit check when you make a loan request.

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Can I request a loan with an ALAT Lite account?

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.

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How much interest will I pay on a loan?

The interest rate on a loan is determined by our lending partners and is stated clearly when you are offered the loan.

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Can I use any bank card to pay off my loan?

Yes, you can use any Nigerian bank card card for repayment.

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Can I pay off my loan before the repayment date?

Absolutely. You can pay off your loan on the ALAT app on or before the repayment date.

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What will happen if I do not pay off my loan on time?

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.

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