ALAT By Wema Bank offers quick online loan of up to N2,000,000

ALAT By Wema Bank offers quick online loan of up to N2,000,000

ALAT offers you easy access to quick loans without paperwork or collateral. Loans are available to all Alat customers via Alat App or the website.

As with everything else on ALAT, you can now apply for a quick loan without collateral or 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.

Why Should You Take a Quick Loans on ALAT?
It’s very easy to apply – No long forms to fill
It only takes a few minutes to get the loan in your bank account after approval
No collateral is required
Low-interest rates
Repayment is very easy
Bigger loans, lower interest rates on subsequent loans

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

How to Apply for ALAT Quick Online Loan:
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.

To download the app on Google Play Store for android devices, CLICK HERE.

To download the app on Apple Store for iOS devices, CLICK HERE.


Register to become our business partner and enjoy our free advisory and consultancy services on getting a quick loan from our list of accredited lending partners and also guide on the process of loan application.

Disclaimer: Quick Loan Arena is not a loan agency and we do not give out loan to anybody.

We however profile and review legitimate and reputable loan agencies and seeks to educate individuals, household and small businesses about loan opportunities to help them make informed decisions and establish their businesses. Speak with any of our Quick Loan Consultants for more information! Call or Whatsapp +234 (0)803 385 7245. Do remember to give us a feedback about your quick loan experience after the lending process is executed.

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About the Author: Sayo Adeoya


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