Instant Loans

As with everything else on ALAT, you can now apply for a loan without a paper work, no visitation to any physical location and response time between acceptance of offer and loan disbursement is in minutes. You can now borrow as much as N2,000,000 (Two million naira) without collateral.



 

How it Works

  • Login to ALAT or sign-up if you have not
  • From the menu items, click on ‘’Loans’’
  • Read through and understands ALAT disclaimer
  • Upon successful credit evaluation and checks a loan offer is presented with duration and applicable interest based on users current risk score
  • Read through and accept the Terms & Conditions which will contain consent to having your account debited for repayment at loan due date and provide your debit card details to be debited
  • Your account will be immediately credited.


 

How to get a goal-based loan

  • Login to ALAT or sign up if you have not
  • From the icons on the menu, click on loans
  • Click on get a loan
  • Choose “Goal Based Loan” from the loan options
  • Your loan request will be approved if you qualify for the loan


 

How to get a device and pay later

  • Login to ALAT or sign up if you have not
  • From the icons on the menu, click on loans
  • Click on get a loan
  • Choose “Device Lending” from the loan options
  • Select your preferred vendor provide your debit card details to be debited
  • Select your preferred device
  • Indicate how much money you have right now
  • Choose how many months you need the loan for
  • Choose an account on which the loan will be charge
  • Your loan request will be approved if you qualify for the loan


 

Paying back your loan

  • At the pay back date if loan is still outstanding your will get a repayment notification after which your account will be automatically debited
  • Customer gets repayment notification
  • You may also wish to repay the loan before payback date from the Bills Payment option on the menu
  • For more information, please follow this link to our Frequently Asked Questions.