Alat is your all round digital shop to satisfy your financial needs.

Almost every activity we engage in these days requires the use of money. This can be stressful especially if the funds are not quickly accessible as you would want them to be.

Alat is an online mobile money app that allows you to perform all your money transactions easily and conveniently from the comfort of your home. They have a supportive customer service team who are always ready to take on your inquiries and resolve issues.

Alat

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Alat is a digital app that allows you to fund your account, pay bills, and save your money.

They offer you a well-designed debit card to help make payments and withdrawals as seamless as possible which is delivered to you in 5 working days across Nigeria at zero cost.

Alat also helps you to hit financial emergencies that threaten to shame you by providing short-term loans at low-interest rates in one click.

The platform ensures the security of your funds and account is a top priority to them hence, they put high and quality security measures in place to ensure your account(s) is well secured.

PROS

It is a mobile money app that does not just allow you to send and receive funds but also allows you to save for future financial objectives.
The app is user-friendly and easy to get in a few minutes after download.
Alat also has something for business owners, you can easily manage all your business finances in one place conveniently.
You can have total control of your account anywhere in the world.
You can also get corporate debit cards at no monthly cost to make business financial transactions easier.
Alat allows you to carry out transactions all at once in bulk saving you time and energy anywhere across the globe.

CONS

You cannot use the Alat virtual card on POS terminals, ATMs, and websites that require 3D authentication.

How to get Alat app

Download the app on your phone from the Google Play Store or iOS Appstore for Android and apple mobile devices.

Install the application, and enter your phone number, BVN, and date of birth to proceed. You will receive a 6-digit OTP on the phone number linked to your BVN which you will enter on the space provided. Click on “next” to proceed with the registration.

Enter your active email and password. Pick a security question and enter the answer you will remember easily.

Features of Alat

The Alat payment and transfers feature allow you to move funds or deposits into your account through another debit card from any bank.

You can pay for bills, purchase airtime, and data, and have access to several financial products on Alat.

Alat provides users with a “savings goals feature”, this feature helps you to set a savings target which can be daily, weekly, or monthly and helps you to meet the set target based on the savings schedule. You can set as many savings goals as you want and stay committed to reaching the target.

With the one debit, multiple credit feature you can transfer funds to up to 5000 beneficiaries.

Alat offers low-interest loan services to you in the case of emergencies. The loan feature enables you to have access to instant loans without any paperwork, without joining queues, and in a few minutes. You can lend up to ₦2,000,000 without collateral.

Alat has a feature called “Alat life”. This feature allows you to read about sports, gives smart advice on security, gives you tips on money management, advice on how to stay committed and disciplined when saving towards a goal, and more.

With the “business Alat” CEOs and business owners can now have access to solutions that provides a vast array of financial services to help grow, manage and develop their businesses.

Alat FAQs

IS ALAT A SAFE MONEY APP?

Yes, Alat makes security one of its top priorities. It put high-level security measures in place to ensure the adequate safety of funds and accounts.

HOW CAN I SEND MONEY FROM ALAT?

Go to your dashboard and click on “send money”, click on the “new” button, enter the account number of the recipient and select the bank from the list of banks provided, confirm the receivers name, and select the account from which to send the money from, input your Alat pin, review the information provided if you wish to them click on the “send” button.

HOW CAN I PAY BILLS?

Go to your dashboard and click on “pay bills”, click on the biller you want to pay to from the list and type in your customer ID, select the account, type in your Alat pin then click on the “pay button”. You can also decide to schedule your bill payment for a regular payment that will be debited from your account at the set date.

HOW MANY SAVINGS GOALS CAN I CREATE?

You can create as many goals as you want.

DOES ALAT OFFER LOAN SERVICES?

Yes, Alat offers up to ₦2,000, 000 loans at a low-interest rate.

HOW CAN I GET LOANS FROM THE ALAT BANK APP?

Log into the Alat app, click on “loans” from the menu items, read through the disclaimer to understand the loan conditions, and wait to be successfully evaluated for credit credibility, a loan offer will be sent to you including the duration of the loan, interest rates, and your current risk score. Read and accept the terms and conditions then follow the prompts to complete the transactions and your account will be debited with the loan amount.

HOW CAN I GET A GOAL-BASED LOAN?

Go to “loans”, select “goal-based loan”, and you will be notified if you are eligible (the amount you are eligible for is usually 80% of your goal savings), enter the loan amount, select the account you want the loan to enter and input your transaction pin, read through and accept the terms and conditions then your account will be credited.

WHAT IS A DEVICE LOAN?

This is a loan feature on Alat that allows users to take out loans to get a device. However, the user should have no less than 20% of the device price as a down payment.

HOW CAN I APPLY FOR A DEVICE LOAN?

Go to “loans”, select take a loan, and click on “device loan”, select your vendor and the device, indicate how much you have which must not be less than 20% of the device amount, and select the duration of repayment, select the account to be debited for the device loan, a loan offer will be sent to you(the amount, duration of repayment and amount to be paid back), read through the terms and conditions then follow the prompts to complete the transactions.

HOW DO I REPAY MY LOAN?

Normally, your account will be debited automatically on the set date however, if you wish to pay your loan before the set date, click on “loans”, click on “payoff loans” on the loan card, and select the account to be debited and enter pin. Then follow prompts to complete transactions.

WHY DOES ALAT REQUIRE MY BVN?

According to the CBN rules and regulations, you are required to have a valid BVN to open a functioning account. Also, the BVN is required to automatically retrieve your information and ensure your identity is verified.

WHERE CAN I UTILIZE MY ALAT VIRTUAL CARD?

You can use your Alat virtual card on any website or app that accepts debit cards however it is not allowed on ATMs or POS that require 3D authentication.

HOW CAN I CHANGE MY ALAT PASSWORD?

All you have to do to change your password is go to settings on your dashboard, click on “change password” and input your preferred new password. Confirm and submit.

WILL I BE CHARGED A FEE FOR LATE LOAN PAYMENTS?

Yes, a late loan payment attracts a fee and if you do not pay it at all, you will be blacklisted.

CAN I PAY MY LOANS WITH OTHER DEBIT CARDS?

Yes, you can pay off your loans with other Nigerian bank cards.

HOW MUCH INTEREST WILL I BE CHARGED ON LOAN?

Interests on loans are usually determined by Alat lending partners which are stated when ALAT offers you a loan.

HOW DO I KNOW IF I AM ELIGIBLE FOR LOAN?

After you apply for a loan, the lending partner runs a quick credit check to ascertain your loan credibility.

WHAT ARE SECURITY QUESTIONS?

These are a set of questions you are asked when you open your Alat app account. They are usually personal questions that only you can provide answers to for security purposes.

HOW CAN I CONTACT ALAT?

For any inquiries, you can contact Alat on their 24/7 customer support service, or call them on phone on 08039003700. You can also send them an email at [email protected] or visit their office at 54 Marina Road, Lagos Island.

Alat is a digital mobile platform that is accessible anywhere around the globe. It offers personal and businesses high-quality financial products and services. Alat 24/7 customer services allow users to make inquiries on any section of the app that is not clear to them.