Auto Bucks Lenders, a subsidiary of Alert Group, has provided over N1.5 billion in loan support to small and medium-sized enterprises over the past nine months, with its Ibadan branch.
In a statement on Thursday explained that by reducing paperwork requirements and simplifying the application process, the company has made it easier for entrepreneurs to access funding, enabling them to expand and grow their businesses.
“Auto Bucks Lenders, a subsidiary of Alert Group and the major SME lending arm, has achieved remarkable success through its Ibadan branch. Over the past nine months, the branch has disbursed almost N2bn in loans to entrepreneurs, following its impressive accomplishment of maintaining a PAR Zero in its first year of business,” it noted.
By simplifying the loan application process, the company has achieved a twofold success, boosting loan disbursements and fostering greater customer satisfaction and trust. Its extensive branch network, covering Lagos, Ibadan, and Abeokuta, provides a solid foundation for future expansion.
The firm added that it projected N3bn in loan disbursements by its first anniversary.
“With a branch network that spans Lagos, Ibadan, and Abeokuta, Auto Bucks Lenders continues to support small and medium-sized enterprises by providing easy access to financing.
“The Ibadan branch is on track to reach a milestone of N3bn in loan disbursements by its first anniversary,” it added.
In a similar development, Alert MFB, a subsidiary of Alert Group, has launched a new mobile app, designed to redefine the banking experience for its users.
According to the firm, the app goes beyond traditional banking functionalities, offering a comprehensive suite of services such as funds transfer, bill payments, airtime recharge, and account management, all at the users’ fingertips.
“We are excited to announce the release of its innovative new mobile app, designed to set a new standard for app users. This sleek and fast app goes beyond the normal functions, offering a comprehensive suite of banking services including funds transfer, bill payments, airtime recharge, and account management.
“One of the standout features of the Alert Mobile App is the ability to open an account in just minutes and seamlessly upgrade to a tier 3 account by providing your NIN and BVN details,” it explained.
It claimed that the streamlined process ensured a hassle-free banking experience.
According to the firm, one of the standout features of the Alert Mobile App is its streamlined account opening process, where users can open an account in minutes and seamlessly upgrade to a tier 3 account by providing their National Identification Number and
Bank Verification Number details.
It stated that the feature ensured a hassle-free banking experience, allowing customers to access higher-tier services quickly.
“Customers will also benefit from 24/7 support services via the live chat option, with a direct link to our experience centre for additional assistance. The app allows users to request loans, manage card services, and more.
“The app’s referral program enables customers to share the benefits with friends and family, earning rewards for spreading the word,” it averred.
Also, the updated mobile app boasts enhanced security measures to safeguard users against potential scams and unauthorized access, featuring cutting-edge biometric authentication options, including Face ID recognition and fingerprint scanning.
The app also offers a range of convenient features, allowing users to shop at their favorite stores, book movie tickets, and manage their card services all in one place.
The firm noted, “Going beyond traditional banking, the Alert Mobile App integrates seamlessly into your lifestyle, allowing you to shop at your favourite stores and book movie tickets with ease.
“The new Alert Mobile App is designed to meet all your banking and lifestyle needs, making life simpler and more secure.”
