ALAT – Loan details
ALAT digital bank loans up to ₦200,000 at 3% monthly.
Loan amount
₦10K – ₦200K
Interest from
3.00%
Term
1 – 6 months
Approval
2 minutes
Pros
- ✓ Nigeria's first fully digital bank
- ✓ Instant loan disbursal (2 minutes)
- ✓ No paperwork or branch visit required
- ✓ Backed by Wema Bank (CBN licensed)
- ✓ Low monthly interest from 3%
Cons
- ✗ Maximum loan amount only ₦200,000
- ✗ Account holder only (must open ALAT account)
- ✗ Short repayment terms (up to 6 months)
Requirements
- ALAT account (download app to open)
- Valid BVN
- Nigerian phone number
- Smartphone with internet access
- Minimum age 18 years
Company information
Wema Bank Plc (ALAT)
Wema Towers, 54, Marina, Lagos
https://alat.ng
This document is for informational purposes only. Always verify current terms and conditions directly with the lender before signing any agreement. CoolFinance.com.ng is an independent comparison portal operated by double technology s.r.o., Czech Republic.