Join our 1,296,793 Subscribers

Get Hottest Naija News straight to your inbox!



Home loan Alat Loan

Alat Loan

- Advertisement -

Alat Loan is an initiative by ALAT, Nigeria’s foremost functional digital bank. ALAT enables you to run all your banking transactions and operations at your own convenience.

ALAT was launched by Wema Bank on May 2, 2017. Nigerians can obtain loans from ALAT without collateral. You can consider ALAT loan if you’re looking for where to get loans in Nigeria.

Alat Loan


There are some requirements set by ALAT for anyone willing to obtain a loan. Here are some of them;

  • Have a smartphone.
  • Get the ALAT app.
  • Have a good credit history.
  • A Standard savings account.
  • A copy of your utility bill (electricity bill, waste bill etc).

It is pertinent to get standard savings account since you cannot get a loan with the ALAT Lite account. Also, if you want to upgrade your ALAT Lite account, you’ve to upload any government-issued means of identification such as a Voter’s card, National ID card, Driver’s license or an international passport).

How to apply

Applying for ALAT loan isn’t as cumbersome as you may think. The following steps should guide you to apply for the loan;

  • Go to Google Play Store.
  • Search for ‘ALAT‘ and download the ALAT By Wema App.
  • Sign-Up (if you are a new user) or Login if you have an existing ALAT account.
  • Navigate to the menu and click on ‘Loans
  • Feel free to read the disclaimer page along with the terms and conditions.
  • ALAT will send the amount you requested into your ALAT bank account if you are qualified for the loan.

Interest Rate

The ALAT loan interest rate is not fixed but it varies from person to person. Typically, a person with a great credit history will have a favourable interest rate compared to a person with a bad credit history.

ALAT states it clearly in their terms and conditions that the interest is 20% per annum. However, they can increase or decrease the interest fee.

After your loan must have been approved by ALAT, you will be able to view the interest rate and the time duration left to repay the loan.

Other Popular Banks That Gives Loans In Nigeria:



You will be notified by ALAT when your time for repayment is due. Your account will be debited automatically if you have an outstanding loan to pay.

You can repay your loan through the ALAT app if you wish to repay before the payback date. You can do this on the mobile app by clicking on the ‘Bills Payment‘ option on the menu.

Pros & Cons

Pros Cons
  • No collateral attached.
  • Customer support.
  • Mobile app.
  • No paperwork required to get a loan.
  • Technical glitches.

Mobile App

The ALAT mobile app is available for download on Andriod and iOs devices. You can check the Google Play Store and App Store To get the app or use the links below.

Customer Care

Official Website
Contact Number 070022552528

Branches & Head Office

Currently, ALAT has no branches or head office in or around Nigeria. However, you can visit any WEMA bank close to you if you wish to lay a complaint or make more inquiries.

Here are some other Banks that offer loans in Nigeria: Trader Moni Loan,Alat Loan,Smedan Loan


BIAFRA: ‘Muhammadu Buhari Must Release Sowore’ – Nnamdi Kanu Urges UN

The leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has told the United Nations to mediate on President Muhammadu Buhari's refusal to...

Naira Marley’s Fraud Trial Set To Start Next Month

Controversial Nigerian music star, Azeez Fashola aka Naira Marley will be back in court on October 22nd for the commencement of his fraud trial. 36NAIJA...

Former Chelsea Player, Didier Drogba Named As Ballon D’or Ambassador

On Thursday, Didier Drogba was chosen as the France Football’s Ballon d’Or ambassador according to 36Naija Sports. The Cote D'Ivoire star will co-host the award...

Ycee Attacks Tinny Entertainment For Not Paying Him His Royalties

Nigerian rapper, Ycee has taken to his Instagram handle to slam his former record label, Tinny Entertainment for not paying him after the music...

Victor Lindelof Extends Manchester United Stay

Manchester United defender, Victor Lindelof has signed a new 5-year contract at the club. The 25-year-old Swedish international has committed his long-term future to Old...

Biafra: Nnamdi Kanu Speaks After Meeting With UN Officials (Photo)

The leader of the proscribed Indigenous People Of Biafra, IPOB, Mazi Nnamdi Kanu has finally reacted to the news of meeting with the United...

3 Islamic Clerics Dupe and Gang-Rape Female Victim In Ogun State

3 self-acclaimed Islamic clerics who specialize in scamming unsuspecting members of the public have been apprehended by the Ogun state police command. The suspects, who...

Kenyan Preacher Conducts Deliverance By Giving Members Hot Slaps (Video)

The video of a Kenyan pastor, James Ng’ang’a is trending on the internet as he conducts a deliverance service for his members by slapping...