Instant Loans in Nigeria
Instant Loans in Nigeria

Easy Access to 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. 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.

instant loans

What is Alat Instant 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 pay back your Instant 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. 

Loan Calculator

N5,000 N4,000,000
1 month24 months
Your repayments are every month at
Total you will Pay:
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