ALAT SALARY LOAN

What is an ALAT salary loan?
It is an unsecured term loan facility designed to meet the financial needs of salary earning individuals and it is available to every salary earner working ...
Mon, 15 Feb, 2021 at 8:20 AM
I am a business owner can I access this facility?
So sorry, the product is geared towards salaried individuals only, however, the Fixed Loan is accessible to business owners
Mon, 15 Feb, 2021 at 8:20 AM
What is the maximum and minimum amount I can access?
The minimum amount loanable is N50,000 and the maximum amount loanable is N4,000,000.
Mon, 15 Feb, 2021 at 8:20 AM
I don't have an account with Wema Bank can I still apply for this facility?
Yes, you can. This facility is also available to non-Wema customers. A direct debit mandate can be issued against their salary account in other banks.
Mon, 15 Feb, 2021 at 8:20 AM
Do I need collateral or a guarantor for this facility?
 No, you do not need collateral or a guarantor for this facility.
Mon, 15 Feb, 2021 at 8:20 AM
What is a salary-based loan?
It is a short-term financing package designed to meet the financial needs salary earning individuals. 
Mon, 15 Feb, 2021 at 8:21 AM
How do I qualify for a salary-based loan?
Only salary earning individuals are eligible to apply for a salary-based loan.   
Mon, 15 Feb, 2021 at 8:21 AM
How long can I get it for?
24 months maximum 
Mon, 15 Feb, 2021 at 8:21 AM
What is the interest rate on the loan?
2% per month 
Mon, 15 Feb, 2021 at 8:21 AM
What is the maximum amount available?
 Individuals can get a minimum of N50,000 and maximum of N4,000,000.
Mon, 15 Feb, 2021 at 8:22 AM