Smart Loan is a short term unsecured cash loan paid into your Mobile Money account.
The loan is simple and accessible from your mobile phone; no previous savings and document is required from you at all.
If you pay your loan on time, then you will continue to have access to additional loans whenever you need it!
Currently Airtel and ALEDIN Nano are offering loans to loyal customers of Airtel and Mobile Money only who:
• are above the age of 18
• have registered as an Airtel Customer for 90+ days
• have an active Airtel Money Account
• have NO outstanding loan with ALEDIN Nano at the time of application
• have NO historic negative payment behavior with ALEDIN Nano
• Keep on requesting a loan to see if you are eligible
That's up to you. It is cash for emergencies, to buy stock for your business,
or for any other reason.
You can only have one active loan at a time, but once your loan has been paid,
you can automatically qualify for another loan,
possibly even a higher amount too,
depending on if you pay back on time whenever you take a loan.
There is an interest rate of 1% charged daily on the loan. The full repayment is automatically taken from your Mobile Money on your due date.
Yes, this is to ensure that you have authorized the loan. Your PIN will be secure and is not visible to anyone.
Loans are typically for either 7, 14, 21 or 30 days, with a single payment at the end of the term that you choose.
Yes, the term can be increased. This will be done for good paying customers who take a 2nd or 3rd Smart Loan from ALEDIN. The extension of the term is at the sole discretion of ALEDIN based on your personal profile.