Jim Baiden launching the new product
Award-winning indigenous bank, Fidelity Bank, has launched a new simplified loan facility to meet the financing needs of customers and non-customers alike.
Fidelity’s Fast and Easy Loan launched yesterday in Accra is expected to ensure access to loans from Fidelity Bank within 24 hours without any complicated paper work.
Jim Baiden, Managing Director of Fidelity Bank, commenting on the innovative product, said the Fast & Easy Loan was carefully designed to help Ghanaians protect their money and still get a loan to do anything they want to do.
“Fidelity is advising all its customers and non-customers not to spend the money they have but entrust the money with the bank to add value to it by paying interest on the deposit while at the same time accessing the loan to finance their business, pay utility bills, school fees, buy a car or house, etc.”
Mr Baiden further called on customers and non-customers to send their cedis, dollars, pounds and euros, which they are keeping at home to Fidelity Bank so the bank could offer them Fast & Easy Loans that would cost them a net interest rate of only 10 percent per annum.
“Repayment is flexible. The loan can be repaid in 12 months or any duration suitable to the customer. The icing on the cake is that if the customer is not able to pay the loan fully within 12 months, the bank will give back 10 percent of the interest paid to the customer as appreciation.
“All Ghanaians and non-Ghanaians resident in the country qualify to take a Fidelity Fast & Easy Loan. It does not matter whether Fidelity Bank is your bank or not. You will qualify.”
Applicants are advised to contact any of the 75 Fidelity Bank branches across the country to access the loan.