Every rate. Every fee. In full.
No small print, no processing-fee surprises, no "insurance" disguised as margin. Rates drop as your tier climbs. Repayment is spread across equal monthly installments — not one brutal debit. If it's a number that affects you, it's on this page.
The Advance.
Start at ₦10K, earn trust, unlock ₦100K. Equal monthly installments — auto-debited the instant your allawee lands each month. Flat ₦2,000 service fee. Rate drops as your tier climbs.
| Tier | Limit | Rate | Tenor | Monthly debit | You keep from ₦77K | Total repayable |
|---|---|---|---|---|---|---|
| Tier 1 You start here |
₦10,000 | 5.0%/mo | 1 month | ₦12,500 | ₦64,500 | ₦12,500 |
| Tier 2 After 2 repayments |
₦25,000 | 4.5%/mo | 2 months | ₦14,625 | ₦62,375 | ₦29,250 |
| Tier 3 After 4 repayments |
₦50,000 | 4.0%/mo | 3 months | ₦19,333 | ₦57,667 | ₦58,000 |
| Tier 4 After 6 repayments |
₦75,000 | 3.5%/mo | 4 months | ₦21,875 | ₦55,125 | ₦87,500 |
| Trusted After 8 repayments |
₦100,000 | 3.5%/mo | 5 months | ₦23,900 | ₦53,100 | ₦119,500 |
Equal monthly installments — same amount debited each month when your allawee lands. You always keep at least ₦53,000 from each ₦77K allawee. Interest is per month of tenor (simple interest: P × R × T). No late fees. No early-repayment penalty. No compounding. Advance must terminate 2 months before your POP date.
What it actually costs you.
The total cost — not the rate, not the fee — the actual naira you pay to borrow.
| Tier | You borrow | You pay back | Total cost to you | Cost per month |
|---|---|---|---|---|
| Tier 1 | ₦10,000 | ₦12,500 | ₦2,500 | ₦2,500 |
| Tier 2 | ₦25,000 | ₦29,250 | ₦4,250 | ₦2,125 |
| Tier 3 | ₦50,000 | ₦58,000 | ₦8,000 | ₦2,667 |
| Tier 4 | ₦75,000 | ₦87,500 | ₦12,500 | ₦3,125 |
| Trusted | ₦100,000 | ₦119,500 | ₦19,500 | ₦3,900 |
At Trusted tier, borrowing ₦100K costs you ₦3,900 per month over 5 months. Compare to Carbon (₦15K+/month) or FairMoney (₦12K+/month) on the same amount.
Smart Wallet.
| What | Cost | Notes |
|---|---|---|
| Opening an account | ₦0 | Always free. Your own NUBAN (bank account number). |
| Monthly maintenance | ₦0 | No dormant-account fees, no minimums. |
| Transfers to any bank | ₦0 | Unlimited. We absorb the NIP switch fees. |
| Wallet-to-wallet transfers | ₦0 | Send to any Alawee corper. Instant. |
| Receiving money (via NUBAN) | ₦0 | Share your account number. Money arrives in your wallet. |
Savings Vaults.
| What | Return / cost | Notes |
|---|---|---|
| Target APY (indicative) | 12 – 14% | Variable, tracks money-market rates. Gross of withholding tax. |
| Deposits | ₦0 | Unlimited, no fee. |
| Withdrawals (to wallet) | ₦0 | No early-withdrawal penalty. Your money, your call. |
| Management fee | 0% | No management or platform fee. We earn on the yield spread. |
Vault returns are not guaranteed. Funds are deployed via a licensed custodian into T-bills and money-market instruments.
Corper Cover.
| Plan | Monthly premium | What's covered |
|---|---|---|
| Basic | ₦500 | Personal accident · ₦50K payout |
| Standard | ₦1,200 | Basic + outpatient health + medical evacuation |
| Plus | ₦2,500 | Standard + phone theft + travel delay + device damage |
Policies underwritten by NAICOM-licensed insurers. Full terms in your policy document.
Everything else.
| Service | Cost | Notes |
|---|---|---|
| Airtime / data purchase | 0% markup | Reseller cost, no margin. |
| Bill pay (electricity, DSTV, GOtv) | 0% markup | Provider cost passed through. |
| Late-payment fee | ₦0 | We never charge late fees. Your tier adjusts instead. |
| Early-repayment fee | ₦0 | Repay anytime at no penalty. |
| Account closure | ₦0 | Close anytime. Outstanding advances must be cleared first. |
| Mandate activation (one-time) | ₦50 | NIBSS mandate setup. Authorizes auto-debit. Active for 12 months. |
Our pricing philosophy.
The allawee is government-guaranteed. That means we can charge less than every other lender — because our recovery risk is lower. At Trusted tier, borrowing ₦100K costs you ₦1,100 per month. Compare that to Carbon (₦15K+ per month on the same amount) or FairMoney (₦12K+). The difference is structural: your income is predictable, so your rate is lower.
We make money on the flat ₦2,000 service fee, bill payment commissions, and yield spread on savings. The interest goes to our MFB partner who provides the advance capital. Alawee is a platform, not a loan shark.
All rates and fees are indicative and final once accepted in-app. Rates may change with 30 days notice. Pricing last updated: May 2026.
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