About SMART LOAN

The Smart Loan is a micro lending product offered by Aledin Nano Limited in conjunction with Airtel and Access Bank leveraging on the mobile money platform called Access Money.

The Smart Loan Product helps you to get loans at your fingertips without collateral at affordable interest rates with a speed of disbursal of not more than 60 mins from the time of request.

To qualify for Smart Loan, you need to be an Airtel and Mobile Money customer and have the following criteria:
• Above the age of 18
• have registered as an Airtel Customer for 90+ days
• have an active Mobile Money Account
• have NO outstanding loan with ALEDIN at the time of application
• have NO historic negative payment behavior with ALEDIN


How to get SMART LOAN

Getting a loan has never been easer. Smart Loans can be gotten as easy as dailing *903#

To get Smart Loans simply dial *903# and choose Smart Loan from the given menu and enter your Mobile Money pin.

Choose whether you want to take a loan, repay it or know more about Smart Loan.

To take a loan, choose the loan amount you need, choose in how many days you would like to repay the loan, confirm the loan, agree to the terms and conditions, wait for your loan to be confirmed and your loan amount will be instantly deposited in your Mobile Money account.


SMART LOAN faqs

All your Questions answered in one place

Give me more information on the product

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!


Can anyone apply?

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


Do I need a bank account to be eligible for the loan?

No, not at all.


What can I use my Smart Loan for?

That's up to you. It is cash for emergencies, to buy stock for your business, or for any other reason.


How many loans can I get?

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.


How much does a Smart Loan cost?

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.


Do I need to enter my Mobile Money PIN to get a Smart Loan?

Yes, this is to ensure that you have authorized the loan. Your PIN will be secure and is not visible to anyone.


What is the duration of the Smart Loan?

Loans are typically for either 7, 14, 21 or 30 days, with a single payment at the end of the term that you choose.


Can the term be increased?

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.