How To Apply For Wema Bank Salary Earners With ALAT Loan

Wema Bank is not left out from the list of Nigerian banks that currently offer Salary Advance loans. The bank recently unveiled different loan packages to customers which the salary advance and payday loan known as ALAT Loan is part of. Consumer loans, school fees advance, Wema Asset Acquisition Scheme, and Personal Loan are others. For the purpose of this article, we will be focusing on salary advance/ALAT loans. However, we will also be taking a look at some other loans offered by the bank that can be beneficial to salary earners.

Wema Bank Salary Earners With ALAT Loan

The bank created the ALAT salary-based loan program as a way to help salary earners with emergency cash for expenses that otherwise can’t wait until the next paycheck.

Customers of the bank who are salary earners can apply for an ALAT salary-based loan, which has a low-interest rate. Customers may or may not have their pay account domiciled with Wema Bank.

Salary earners would be able to receive a minimum of N50,000 and a maximum of N4,000,000 in only a few hours. They would then have three to 24 months to repay the loan with only 2% interest per month calculated on a declining balance basis.

How To Apply For Wema Bank Salary Earners With ALAT Loan

Customers can apply through ALAT salary-based APP or web page. CLICK HERE to download the app. CLICK HERE to visit the ALAT web page.

The salary-based loan application process is fully online and takes place on the ALAT app or website. New customers must first download the app from the Android or iOS app store, while existing ALAT customers just log in by clicking the “Loan” icon.

The ALAT app has been upgraded to include a video walkthrough of the registration procedure at the sign-up page to guarantee that clients enjoy a trouble-free registration process. By selecting the I icon on each page of the app, users can also access a brief explanation of each step of the registration process.

ALAT has also implemented a zero balance to give customers financial freedom and assurance. This means that customers can withdraw their money to the last kobo and there will be no charges should the customer maintain a zero balance on their account.

Wema bank Personal Loan

Employees who maintain a Salary Current or Savings Account with Wema Bank are currently eligible for Personal Loans. Also eligible for this product are groups of people who earn salaries as part of an organization and formally hired employees of businesses or employers that Wema Bank has pre-approved. 

With the help of this product, you can pay for training to advance yourself, buy a car, make house modifications, grow your side business, and much more! The personal loan will be paid into a bank account designated for salary payments.

CLICK HERE for an instant personal loan.

USSD Code For Wema Bank Personal Loan

The WEMA Bank USSD code for a loan is *945*65#. Simply dial *945*65# from your phone and follow the prompts to get personal loans in Nigeria from WEMA Bank.

Features Of Wema Bank Personal Loan

• The maximum loan amount is 7 multiples of net monthly salary, subject to a maximum of N2 million
• Maximum loan tenure of 36 months.
• Loan Top-up is available after 6 months of regular monthly down payments.
• Available to confirmed employees only.
• Apply for loans & overdrafts at the convenience of your office
• Short turnaround time for loan & overdraft disbursement (48 hours)