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Stallion Allawee

Frequently Asked Questions About Stallion Allawee

How does it work?

Complete our online application in minutes and submit. We’ll review your information and communicate a decision to you within minutes. If approved, you will receive funds directly into your Allawee bank account within 1 hour of your loan approval.

How much can I borrow from Green-Stallion? For how long?

You can borrow either ₦5000, ₦10000, ₦15000 or ₦20000 that will be repaid at the end of the month in 1, 2, 3 or 4 installments respectively. You decide how much you want and how long you want it for.

How do I apply?

Visit click on Stallion- Allawee and fill an online application form. Kindly ensure you complete the application with valid information. Submit your application and we will notify you instantly via a mail of the loan decision.

How do I repay my loan?

We will provide you with our account details and at the end of every month, you can pay into the account or do a transfer. Note, a proof of payment or transfer is advised.

Please note: you may need to provide N200 for the processing fee. This could be in cash or deducted from the loan.

My loan has been ‘Disbursed’, but I am yet to receive funds in my account.

Funds are typically received within 72 hours of loan approval. Please let us know if you have not received the transfer after that period. However, we also advise that you check your account balance directly as credit alerts are not always received with transfers.

Why is my Bank Verification Number (BVN) required?

We request your BVN as this is used to verify that the individual subscribing for a Stallion Allawee is the same as the owner of the provided bank account. This is to ensure that your details cannot be used to apply for a loan without your authorization in the event a 3rd party has access to your bank details. Please note: Your BVN does not provide access to your account. If in doubt, we encourage you to confirm this from your bank before you proceed.

I don’t know my BVN. What do I do?

Just dial *565*0#. Please note: This will only work if you are making the request from the same phone number currently linked to your bank account

What documents do I need to submit?

You only need to submit your corpers identity Card online and when you are invited to our office for documentation, to get a Stallion Allawee. In addition we’ll just ask you for some basic information so we can get to know you better. All you need is to provide a complete information as required on the Application Form and a functional BVN-linked bank account to receive funds in.

Can I make an early repayment? If I make an early repayment, will I pay less?

Early repayments are accepted and you can apply for a new loan immediately your previous loan is paid off. However, please note that early repayment does not imply that the terms of your loan obligation will change. Your repayment terms are fixed at the point of loan application and the total amount to be paid is not changed by an early repayment.

What is the interest rate?

You will charge you N750 flat per month E.g if you apply for N5,000 you will be charged N750 at the end of the month, your total repayment will be N5,750 at the end of the month, on the other hand, if you apply for N10,000 you will pay back in 2 installments of N5,750 per instalment.

What happens if I do not make my repayment at the end of the month?

Let it be known that for no reason should you skip your repayment, because you will be penalized at your Local Government Secretariat(L.G.A) and might imply an extension of your service year. So, we urge you to comply to the repayment plan as at when due.

Are there other Charges?

Yes! A processing fee of N200 flat will be charged during the documentation at our office.