As with everything else on ALAT, you can now apply for an 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.

Get Instant Loan Now on Android | Instant Loan on iOS

  • Login to ALAT or sign-up if you have not
  • From the menu items, click on ‘’Loans’’
  • Read through and understands 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.

How to get a goal-based loan

  • Log in to the app/ sign up
  • Go to Loans
  • Click “take a loan”
  • Select goal-based loan
  • If eligible, the eligible amount will be displayed (eligible amount is u to 80% of the customer’s total individual goal savings)
  • Enter loan amount, select account to credit and enter transaction PIN
  • Accept terms and conditions
  • Account will be credited immediately

Get Goal-Based Loan on Android | Goal-Based Loan on iOS

How to get a device

  • Log in to the app/ sign up
  • Go to Loans
  • Click “Take a loan”
  • Select device loan
  • Select your preferred vendor
  • Select your preferred device
  • Indicate how much money you have right now (not less than 20% of the device amount
  • Choose how many months you need to pay the balance
  • Choose an account to be assessed for the loan
  • View loan offer (amount, due date, amount to be repaid)
  • Accept loan offer and terms and conditions
  • Select a delivery option and fill in delivery details
  • Setup collection on the account assessed for the loan- If it is on other bank account, a remita mandate will be setup on the account
  • Make initial payment and delivery fee (if applicable)
  • Request will be sent to vendor and you will be contacted in 24 hours

  • On the due date, your account will be automatically debited and the loan will be settled
  • If you wish to pay back before the due date on any of the loan type
  • Log in to the app and click on loans
  • Click on payoff loan on the loan card
  • Select account to debit and enter PIN
  • For more information, please follow this link to our Frequently Asked Questions.