Enjoy an Easy Access to Quick & Instant Loans, No Collateral Is Required, and Low-Interest Rate

As with everything else on ALAT, you can now apply for a quick and Instant loan without paperwork, 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.

Get Quick & Instant Loan on Android | Quick & Instant Loan on iOS


Instant loan - ALAT by WEMA Instant Loans with ALAT App

How it Works

  • Login to ALAT or sign-up if you have not
  • From the menu items, click on ‘’Loans’’
  • Read through and understands the ALAT disclaimer
  • Upon successful credit evaluation and checks, a loan offer is presented with duration and applicable interest based on the user’s 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 on ALAT

  • 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

Get Goal-Based Loan on Android | Goal-Based Loan on iOS


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 to 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 instant loan for
  • Choose an account on which the loan will be a charge
  • Your loan request will be approved if you qualify for the loan


What is Alat Loan Interest Rate?

Alat loan is structured to help and it is evident in the interest rate.

Salary earners will be able to receive a minimum of #50,000 and up to #4,000,000 within hours and will have between 3 to 24 months to pay back with only a 2% interest rate per month on a reducing balance basis.

Paying back your loan

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

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