Good day guys, in this article am going to share with you, how to get Alat by wema loan easily. Including how to repay alat your first loan.
Let get started!
What Is Alat by wema loan?
Firstly, ALAT is Nigeria’s first best digital bank powered by Wema Bank (that’s why it called Alat by wema).
With ALAT, you can do all banking transactions with zero stress. Including data, airtime top up, service payment and loan.
ALAT by wema loan is fast and secure platform. In this article am going to guide you on how to get your first loan in ALAT by wema loan platform.
Alat by wema loan is for workers who get their salaries through their bank accounts. If you don’t have wema or Alat by wema account, you can also get loan from Alat by wema.
But, for faster proces, download Alat by wema app on play store now, because You can access a loan on ALAT immediately after installing, signing up.
The ALAT by wema loan credit analysts use Credit Risk Management System, to calculate the amount of loan you qualify for before they display the amount of loan you can apply for, for the first time.
And note: there are four different types of loans on ALAT platform, which are:
- Lowest quantity – N5,000
- Highest quantity – N4,000,000
- Lowest tenor – 2 months
- Highest tenor – 24 months
Month-to-month rate of interest of Alat by wema loan is just 2%. And before you can use Alat or get loan, you have to download and sign up. Here is how to download and sign up.
How to Download and Sign Up on the ALAT App
It is quite easy to download and register, First, you need is to install the ALAT App on your phone, and get an account number instantly, so follow this guidelines:
- Open your phone Google play store or App store.
- Search for ‘ALAT By Wema’
- Then Click Get or Install when you see the app.
- Once the app is successfully installed, launch it.
- And Choose Get Started to Proceed
- Now Enter your email address and your personal phone number
- Because verification text will sent to you.
- So, Go to your email/SMS and verify the account.
- Once your account is verified, enter your BVN and other basic details
- After that ALAT account number will be generated instantly for you. That all.
Now let apply for Alat by wema loan, after we successfully registered an account on ALAT app.
How to apply for Alat by wema loan.
To get your first loan on ALAT by wema, follow this guidelines:
- Open your Alat app.
- Click nenu and loan.
- Enter your requested number.
- Select tenor.
- Click on Get Started.
Then follow their instructions in the next page. And Submit the loan application.
As soon as you submitted theoan application, the request goes to the ALAT Credit score Analysts. They’ll overview and approve or decline with causes.
This mortgage kind is for ALAT clients who’ve saved as much as N100,000 on aim financial savings.
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The safety is the financial savings that you’ve got achieved with them. As soon as submitted, the request goes to the ALAT Credit score Analysts. They’ll overview and approve or decline with causes.
This mortgage kind is for patrons who need to purchase laptops, headphones, AirPods, telephones, cables, sport consoles, and so on however shouldn’t have the entire cash.
You may also like to read this; ENaira Merchant 2021: How To Apply Right Now And Make Money
You may be anticipated to have a minimal of 20% of the entire price of the gadget in your ALAT account on the time of requesting the mortgage.
Pay Day Loans
This mortgage kind is for workers. Typically, it’s known as ALAT wage advance. Such a loan is to help the worker until the subsequent wage payday.
- Most tenor – 30 days
- Minimal tenor – 1 day
- Minimal quantity – N5,000
- Most quantity – N500,000
- Curiosity is 2%
Onece you received your loan, the next thing to do is make a transfer from Alat account to your bank account. And to do this, you have to create Alat transaction PIN.
Here is how to create transaction PIN on ALAT.
How to Create ALAT transaction PIN
The ALAT transaction PIN is the most important thing on the App, to get your money transfer, you have to create it.
So to create your PIN, follow this guidelines:
To create your ALAT PIN, do this:
- Open and Log in to your ALAT account.
- The Go to the top right corner where they greet you (‘Hi, Ibrahim’)
- The Scroll down to Settings
- And Click ‘ALAT PIN Management’
- Now Choose Get New ALAT PIN.
- You will be asked to enter the answer to your Security Question.
- After that, enter a 4-digit number (rememberable digits) and confirm it
- Now Submit. You are done!.
How to repay ALAT by wema loan
To repay your loan on ALAT by wema app, You need a way to deposit the money in your Alat account.
So to do this, You fund your ALAT account in this three ways:
- Directly from your Wema Bank Account
- From other banks’ (Add a Card)
- From a foreign bank card
Click on repay and choose payment method that you like and make a deposit. Once Alat received your repayment, you will get a notification that your have cleared your loan.
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If you have any questions regarding how to get loan on ALAT by wema loan platform, feel free to drop your comment through the comment section below.
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