Fidelity Bank Launches Fast and Easy 10% Loans to Customers and Non-Customers
Economic news for Thursday, July 6, 2017
Source: Eric Vlidzo
An all-Ghanaian bank, Fidelity Bank today unveiled its latest product called Fast & Easy Loan at its head office in Accra-Ridge.
The Fast & Easy Loan aims to offer Fidelity and non-Fidelity Bank account holders very flexible repayable funds for whatever they intend to do, without them losing money or devaluing their hard-earned money. . This credit facility is readily available to all Ghanaians and non-Ghanaian residents.
Clients have 12 months to repay loans, during which they can stagger payments or opt for payment in fine. The 10% interest on the loan is for one year and the loan can be processed within 24 hours.
Mr. Jim Baiden, Managing Director of Fidelity Bank, explained that this product aims to help Ghanaians protect their currencies and foreign assets, as people often convert their foreign currencies into cedis before they can do business. But with Fast & Easy Loans, they will have to entrust their currencies to Fidelity Bank in exchange for a loan without losing any money.
He also said that customers who access Fast & Easy loans are sure to get Cedis or foreign currency back with 10% interest after successfully repaying the loan as a token of gratitude.
Mr. Baiden added that this product was created to ease the burden on people seeking financial assistance in their business and personal lives.
The Fast & Easy Loan product is available at 72 Fidelity Bank branches across the country.