Get Instant Loans in Nigeria without Collateral
Easy Access to Instant Loans with 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. Alat loan is structured to help you and it is evident in the interest rate of only 2% interest rate per month on a reducing balance basis.
What is Alat Loan Interest Rate?
ALAT Instant loans in Nigeria is designed and structured to help people with urgent needs and it is clear in the repayment period including loan interest rate. Example: A 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.
How Instant Loans in Nigeria Works?
- 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 request for Instant Loan Online in Nigeria?
- Log in to the ALAT instant online loan app or sign up if you’ve not registered before
- Go to Loans
- Click “Take a loan”
- View loan offer (amount, due date, amount to be repaid)
- Accept loan offer and terms and conditions
- Setup collection on the account assessed for the loan and if it is on other bank account, a remita mandate will be setup on the account
- Your account will be credited immediately.
How to pay back your Loans?
- 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
Our instant loans calculator will help you determine the total payments on a loan at 2% monthly loan interest rate. Simply drag the button to the loan amount you want and specify the loan term or loan duration and the total amount to be paid back will be displayed below.