STALLION HOME SAVINGS AND LOAN LIMITED is a licensed Primary Mortgage Banking Institution duly incorporated as a private limited liability company on 18th September 1991. With a commitment to providing unique and customer- oriented mortgage banking services, Stallion Home Savings and Loan started operations with a paid-up capital of =N=5,000,000 in early 1992 which was later increased to =N=10,000,000 and =N=100,000,000 respectively in later years, in accordance with the directives of the regulatory authorities. Both the Federal Mortgage Bank of Nigeria (FMBN) and Central Bank of Nigeria (CBN) duly accredit the bank to access long-term loans through the vehicle of the National Housing Fund (NHF)
Stallion Home relocated to its present Head office location in Surulere in 1997 and currently has three branch outlets and a cash centre strategically located respectively at Surelere in Lagos; Abuja, the Federal Capital Territory; Abeokuta, the Ogun State capital and Igando, via Lagos-Badagry Expressway, on the outskirts of Lagos. >> Learn more
OUR CAPABILITIES
Stallion Home Savings and Loan Limited provides a full range of mortgage products and services through our Strategic Business Units (SBU’s) – Mortgage, Corporate, Consumer and Retail Banking groups, and have developed unparalleled expertise in the processing of National Housing Fund (NHF) requirements.
Our management structure engenders a proactive and decisive system, which enables us to anticipate and position ourselves to respond to customers’ requests, while providing efficient and qualitative services; geared towards meeting the peculiar and individual needs of our varied customers.
KEY ACHIEVEMENTS
Stallion Home Savings and Loan Limited has recorded many giant strides and notable achievements since commencement of operations, primarily brought by the vision and industry of its founding fathers. These achievements include:
- Accessing the National Housing Fund (NHF) Scheme for over 500 customers for the purposes of Home ownership, Building construction, Property renovation, Home expansion and Outright purchase of property; with a total loan portfolio in excess of N1 billion.
- Provision of financing for Mass Housing Estate Development – This covers housing development in the following locations:
King’s Court Estate, Abuja
Lakeshore Estate, Isheri, along Lagos-Ibadan Expressway
Stallion Court, Oko-Oba, Lagos
Olaiya Mini Estate, Badagry, Lagos
- Provision of Mortgage Banking Services for Government establishments amongst which are the following:
- Nigerian Air Force
- Federal Mortgage Bank of Nigeria
- Office of the Head of Service of the Federation
- INEC Office
- Katsina State Government
- Central Bank of Nigeria
- Development and Packaging of unique and relevant Mortgage banking products and services with in-built flexible mechanisms suitable to meet the needs and aspirations of our teeming and prospective customers.
FUTURE PLAN AND PROSPECTS
- Growth and expansion of branch outlets to a minimum of five (5) outlets in 2008.
- Active engagement in the construction of affordable mass housing estates nationwide in collaboration with its sister company - Sparklight Property Development Company Limited
- Launching of unique and tailored-made products and services to complement existing products and services.
- Provision of Value added services to state governments and other government agencies to complement efforts on development of housing stock in Nigeria.
- Active involvement and participation in the proposed establishment of the secondary mortgage finance market.
- Become the leading mortgage finance solution provider in Nigeria
|
