The ALAT by Wema Loan App, powered by Wema Bank Plc ffers a seamless and convenient way to handle all your financial needs without the hassle of visiting a physical bank. With the Alat by Wema app, you can access reputable instant loans and other financial services anytime, anywhere. Designed to be 100% digital, the app provides a user-friendly interface and ensures that your financial transactions are just a few taps away.
In this review, we will also discuss the functionalities of the ALAT by Wema USSD Code which is the same as the Wema Bank USSD Code, or Wema Bank transfer code or USSD Code for Wema Bank and how you can use it to obtain a loan and perform retail and general banking services right at the comfort of your room with or without an internet.
How To Borrow Money Using The Alat by Wema Loan App?
To borrow money with the ALAT by Wema loan app or to simply register and start enjoing its financial services, do the following:
- Download and Install the Alat app: Get started by downloading and installing the Alat app from the Google Play Store.
- Create an Account: Create your account to log in to the app and explore its features.
- Click on “Loans”: Access the loan section within the app to explore available loan options.
- Understand the Disclaimer: Read and understand the terms and conditions associated with the loan offers, including interest rates and repayment schedules.
- Provide Bank Information: Enter your bank details to facilitate direct deposit of approved loans into your account.
- Agree to Terms and Conditions: Accept the terms and conditions of Alat loans to proceed with your application.
- Loan Disbursement: Once your loan application is approved, the funds will be deposited directly into your bank account.
Alat by Wema Loan App Requirements
To be eligible for an Alat by Wema loan, you need to fulfill the following requirements:
- Acceptable means of identification.
- Bank verification number (BVN).
- Employment with a steady income.
- Valid email account.
- Alat app installed on your mobile device.
- Alat savings account.
- Utility bill picture (not older than three months).
- Must be 18 years of age.
- Alat Lite accounts are not eligible for loans.
- Pay slip or bank statement from the last three months.
How to Apply for Alat by Wema Loan in Minutes?
To apply for ALAT by Wema loan, do the following:
- Download and Install the Alat app from the Google Play Store.
- Access Loans: Open the app, navigate to the menu, and click on “Loans.”
- Read Disclaimer: Review the disclaimer for any additional information or clarifications.
- Loan Offers: Loan offers will be provided upon successful credit check and inspection.
- Agree to Terms and Conditions: Accept the terms and conditions, including the loan repayment agreement.
- Submit Personal Details: Provide your personal information and loan request in the submission.
- Loan Disbursement: Once approved, the loan amount will be deposited into your bank account within minutes.
Repaying Your Alat by Wema Loan
It is easy to repay your ALAT by Wema loan, ust take the following steps:
- Automatic Repayment: If your Alat loan becomes past due, the app will send you a repayment notice, and the loan amount will be automatically deducted from your bank account.
- Early Repayment: You can also choose to refund the loan early by accessing the “bills payment” option in the Alat app’s menu.
Benefits of Using the Alat by Wema Loan App
- Access up to N200,000: Alat offers loan amounts of up to N200,000.
- Fast, Safe, and Dependable: The Alat app ensures quick, secure, and reliable financial transactions.
- Top-Notch Customer Service: Alat provides excellent customer service for any assistance you may require.
- Convenience at Your Fingertips: Enjoy 24/7 access to all banking services with an internet connection.
- Savings and Money Transfers: Set up savings accounts, automate savings, pay bills, and send money to friends and family.
What is the USSD code for ALAT?
To start with, USSD stands for Unstructured Supplementary Service Data for your information. It has a lot of usefulness and in this article, we will elaborate on what USSD codes are, the unique features of ALAT By WEMA’s *945# USSD codes, how they work, and how you can use the USSD code to achieve and so much more.
What is USSD Code?
If you have ever checked your mobile network balance or your account balance on your phone, you must have used a USSD code. A USSD code is a communication tool used by GSM phone users to have a dialogue with mobile network operators. It contains a combination of characters on any mobile phone and can span up to 182 characters. Mobile phone owners make use of it to send out various kinds of requests ranging from mobile network requests, and financial transaction requests to customer service.
What Are The Benefits of USSD Codes for banking services?
They function without the Internet – USSD codes are beneficial because they do not require the use of an internet connection or mobile airtime. A simple dial-in on your phone can produce the needed results. This is one reason many companies such as telecommunication and the banking industries make use of it.
USSD Codes makes banking transactions easier – To make banking transactions easier, most banks have created standard USSD codes to enable users to make specific requests from the bank, and ALAT By WEMA is no exception. What this entails is that customers can run most of their financial transactions without getting to the bank making it faster and more convenient.
What is the Alat by Wema USSD Code?
The ALAT USSD banking code is *945# and it is always available to everyone. However, to make use of it, you must have an account with Wema bank (In case you don’t already have an account with ALAT, Create an online account here). Once that is sorted, you simply need to register and activate the code on your phone.
How Do I Activate ALAT by Wema USSD Code for Banking?
To activate the Alat by Wema Code 945#:
- Dial *945# on the mobile line that is connected to your bank account. If the number presently used is not connected to your account, you would have to go to the bank to update your details.
- After dialing, follow the prompts and choose the options suited to you.
- Choose the account you want to make transactions from.
- Select a confidential PIN and confirm it.
- It is important to note that most functions are free of charge but there are a few transactions that will require a charge from your account.
What is another name for the ALAT by Wema code?
The ALAT by Wema code is also called Wema Bank USSD Code or Wema Bank Code or Wema Bank Transfer Code.
What functions can the Wema bank USSD code be used for?
Wema Bank USSD code can be used to achieve various functions which include;
- Account management
- Cardless transactions
- State collections,
- School and exam purposes,
- Payment of electricity bill and internet services,
- Airtime, data and transfer transactions, and
- Loan application.
List of ALAT USSD Code Number
The ALAT by Wema USSD Code number is used for account management of customers’ bank account or ALAT by Wema account.
Account management refers to everything concerning your bank account from opening a new one to checking the balance and updating information that is important for the unrestricted use of your account.
The full list of these functions and the ALAT by Wema USSD codes that make this easier are highlighted below:
| Account balance | *945*0# |
| Change PINuss | *945*00# |
| Change primary account | *945*2*oldacctno*newacctno# |
| Account opening | *945*1# |
| Account Registering on 945 | *945*01# |
| BVN management | *945*4# |
| Account restriction | *945*911# |
How Can I use the Alat by Wema USSD Code to buy Airtime, Data, and execute Transfers?
From the comfort of your home, you can also recharge airtime and data for you or your loved ones and carry out transfers using the ALAT by Wema USSD code. You can try out the following USSD Codes for airtime and data purchase and transfers.
| Airtime (self) | *945*amount# |
| Airtime (others) | *945*phoneNo*amount# |
| Airtime/Data | *945*9# |
| Transfers (Wema account and other banks) | *945*accountNo*amount# |
ALAT Loan USSD Code
ALAT by Wema also enables you to request loans using the loan USSD code easily from your mobile phone. The only condition attached is that you must be an ALAT customer. To request a loan via ALAT by Wema USSD code, simply dial *945*100# on your phone and follow the prompt that pops up.
Cable TV
You can pay for any kind of cable TV directly from your mobile phone. The USSD codes include:
| Cable TV menu | *945*10# |
| DSTV | *945*11# and *945*11*smartcardNO # |
| GOTV | *945*12# and *945*12*smartcardNO# |
Internet Service
You can also pay for Internet services of different networks using the following ALAT by Wema USSD codes:
| Internet service menu | *945*15# |
| Smile | *945*16# |
| Spectranet | *945*18# |
Electricity Bill
Customers from different states can easily pay their electricity bill without going to the office. The ALAT by Wema USSD codes for different states are outlined below:
| Electricity bill | *945*24# |
| Eko | *945*25*meterno*amount# |
| Ikeja | *945*26*meterno*amount# |
| Ibadan | *945*27*meterno*amount# |
| Abuja | *945*28*meterno*amount# |
| Enugu | *945*29*meterno*amount# |
| Jos | *945*30*meterno*amount# |
| Kaduna | *945*31*meterno*amount# |
| Kano | *945*32*meterno*amount# |
| Portharcourt | *945*33*meterno*amount# |
Schools and Exams
Also, students can also check for the results of their external examinations using the ALAT by Wema USSD codes below:
| WAEC (result checking) | *945*70# |
| JAMB (result checking) | *945*71# |
State Collections
| Lagos state collection | *945*40# |
Cardless Transactions
Cardless transactions can be carried out via different platforms using the following USSD codes:
| Mcash | *945*57# and *945*57*merchantcode*amount# |
| Coralpay | *945*58# and *945*000*REFno# |
There are also ussd code of airtel or airtel ussd code, ussd code android
Alat By Wema Loan Interest Rate and Limits
- Interest Rate: Alat loans have an annual interest rate of 20%, based on the borrower’s creditworthiness/risk score.
- Loan Limits: Loan amounts range from N5,000 to N200,000, with repayment periods varying from two months to twelve months.
Other Frequently Asked Question (FAQs)
How can I apply for a loan using the Alat Loan app by Wema?
To apply for a loan, download and install the Alat app from the Google Play Store. Create an account, navigate to the “Loans” section, and follow the instructions provided. Ensure you meet the eligibility criteria and agree to the terms and conditions.
What are the requirements to obtain a loan from the Alat Loan app?
The requirements for a loan include having acceptable means of identification, a bank verification number (BVN), steady employment, a valid email account, the Alat app installed on your mobile device, an Alat savings account, and other necessary documentation as specified by Alat.
How long does it take for a loan to be disbursed through the Alat Loan app?
Once your loan application is approved, the funds will be deposited directly into your bank account within minutes. However, the exact duration may vary depending on factors such as bank processing times and network connectivity.
Conclusion
There are awesome functions that can be carried out with the ALAT by Wema USSD code. So, instead of going to the bank, simply dial *945# to either obtain loan or enjoy easier and more convenient banking services free of charge.
By downloading and installing the ALAT app, you can create an account, explore loan options, and receive loan disbursements directly into your bank account within minutes.
The app offers a user-friendly interface, top-notch customer service, and the ability to manage your finances anytime and anywhere. With competitive interest rates and flexible repayment periods, Alat ensures a smooth borrowing experience.
