Our products and services are specially designed to meet the changing needs of our esteemed customers, individuals and organisations and are predicated on prompt service delivery. The products include the following:
STALLION GROUP LOAN
This is targeted at low income earners, Market women in particular.
- Interest rate of 3%.
- Admin fee of 2.5%, payable upfront per person.
- Frequency of repayment is weekly.
- Tenure of loan is 12-24 weeks.
- Minimum of contribution is 2 weeks.
- Weekly mandatory savings is a minimum of 0.5% of the principal.
STALLION SHORT TERM LOAN (SSTL):
SSTL is targeted at salaried and non-salaried persons.
- Interest Rate : 5 %.
- Admin Fee : 3.5% flat (payable upfront).
- Frequency of repayment is monthly.
- Tenure : 90 – 270 days (i.e. 3-9 months).
- Loan Range : N100,000.00 to N1,000,000.00.
STALLION DAILY CONTRIBUTION (SDC):
SDC is targeted at self-employed persons such as Artisans, Petty traders, Daily paid workers & other individuals engaged in self-employment.
STALLION ANNUAL CONTRIBUTION (SAC):
SAC is primarily aimed at pooling resources on monthly basis towards meeting timely stipulated needs
- Minimum contribution of N5000.
- Minimum participation period of six (6) months.
- A charge is however, levied where withdrawal is made prior to meeting the minimum period of six (6) months.
- Facilitates access to credit facility of two (2) times the amount of contributions at concessionary interest rate.
Sometimes referred to as Running or Demand Deposit Accounts is applicable to individuals, Enterprises, Corporate bodies, Associations, Clubs etc
FIXED DEPOSIT ACCOUNT
Usually aimed at attracting lump sum deposit from individuals and corporate bodies.
STALLION ASSET ACQUISITION PLAN (SAAP)
This scheme is purposely designed to facilitate access to credit for the acquisition of personal or business assets (e.g. TV, Car, DSTV, Mobile Phone or Office Equipment, Computer, Generator etc.)
STALLION TARGET ACCOUNT
Designed towards meeting specific future need or expenditure. E.g. Xmas, Sallah, Marriage, Birthday, Vacation etc
Offers an ideal way of saving small sums on a regular basis with ease.
STALLION COLT ACCOUNT
The scheme is designed for the benefit of Children below 18 years of age.