In the past, obtaining bank loans was a tedious and time-consuming process, often limited to a select few due to rigid requirements and extensive paperwork. However, with the advent of technology, borrowing loans has become more accessible and efficient. ALAT by Wema is one such platform that offers a hassle-free way to access quick loans. Let’s delve into the details of this app and learn how you can borrow loans conveniently.
An Overview of ALAT By Wema
True to its name, ALAT by Wema is Wema Bank’s official mobile app, serving as a digital bank for all Wema Bank customers. The app is designed to streamline banking transactions, allowing users to perform various financial activities with ease and seamless efficiency. With ALAT, customers can make payments, conduct business transactions, and most importantly, borrow loans in a convenient and user-friendly manner.
ALAT offers a significant advantage when it comes to borrowing loans. The platform enables you to apply for instant loans without the need for extensive paperwork, collateral, or physical visits to any bank branch. This feature proves invaluable during financial emergencies when quick access to funds is essential.
What services does ALAT by Wema offer?
Here is the list of the services that ALAT by Wema offers its customers:
1. Payments and transfer
You can transfer funds to other accounts and fund your ALAT bank account directly via any foreign or local account. Basically, this method is very easy and takes only a click. Also, with this app, you can make easy payments to any third party in a few seconds.
2. Debit Cards
ALAT provides its customers with corporate and personal debit cards. This debit card offers you a zero monthly fee advantage. Hence, you do not have to worry about paying unnecessary charges.
3. Savings and Goal
The ALAT saving and goals feature helps by making it easy for you to save. You can set up the auto-saving feature and your savings goals on this app. This makes it the process of saving and achieving your goal seamless.
4. Bulk Transactions for Businesses
This unique feature enables you to perform bulk transactions of more than N2 Billion only in your business account. This transaction is fast, seamless and very convenient.
5. Loans
The ALAT mobile app enables you to borrow instant loans when you are low on cash. In just a few clicks, you can obtain fast low-interest short-term loans to take care of your needs.
Lastly, with the ALAT digital platform, you can pay your utility bills (DSTV, electricity bill, etc) seamlessly. All these features are what make this platform attractive to intending customers.
Read Also: FirstMonie Agent Banking- How to Become an Agent & Obtain Loan in 3 Steps
How can I register on ALAT by Wema?
To register on the ALAT mobile app, follow these steps:
1. Download the ALAT app on your phone. You can get the app from the App Store for iOS or Google Play Store for Android.
2. Next, open the app and enter your required details in the registration form.
Thereafter, the platform will verify your details and set up a profile for you. If you want to open a business account, follow the same steps but choose the business account option. can also open a business account using the steps above.
What are the basic requirements to register with ALAT by Wema?
You need these details to register successfully on this platform:
1. Your Bank Verification Number (BVN)
2. Your name, phone number, address, email address, and a clear picture of your face.
3. A strong password to secure your ALAT account.
How can I apply for a loan on ALAT By Wema?
To apply for a loan on the ALAT mobile app, follow these instructions:
1. First download and install the app then register on it to set up your profile. If you are already a registered user, just log in.
2. Next, click on ‘’Loans’’ from the list of options on the menu. Then read carefully through the terms and conditions before accepting it.
3. Thereafter, the platform will assess your creditworthiness to determine if you qualify for the loan. If you qualify, they will present you with a loan offer. Also, you’ll see the loan duration and interest rate.
Lastly, enter your debit card details for your account to be credited with the stated loan amount. The platform will disburse your loan within a few seconds.
Recommended: Access More App Review – How to Apply for A Loan Through the App
What is the maximum and minimum amount of loan I can get on ALAT?
On the ALAT platform, the minimum amount of loan you can get is N5,000 while the maximum loan amount accessible is 4 Million. So you can access up to 4 million Naira without going through any stress.
What are the interest rate and loan duration?
Basically, for any loan you borrow from the ALAT platform, the interest charged will be 2% per month. Also, they offer you a loan duration between 1 – 24 months depending on the terms and conditions of the loan.
How can I contact ALAT by Wema?
You can reach out to ALAT by Wema via the following ways:
Address: 8, Idowu Taylor Street, Victoria Island, Lagos, Nigeria.
Website: www.alat.ng
Email Address: help@alat.ng
Phone Number: 0700 2255 2528
Website: www.wemabank.com
Bottom Line
The Alat By Wema mobile app is a reliable platform to perform your banking transactions and borrow quick loans. With this platform, you can borrow loans of up to N2,000,000 (Two million naira) without any collateral. Above all, you do not need to fill out any paperwork or visit any physical branch to access loans and this makes this platform a great place to get emergency funding.
