Coronavirus: Dalex Finance to offer loans at zero percent interest

Dalex Finance is set to offer loans to all DalexSwift Investment clients at zero percent interest rate, Kenneth Thompson, Chief Executive Officer (CEO) of Dalex Finance has said.

The drop in the interest rates on loans from 24 percent per annum to zero percent will take effect from Monday, April 6, 2020 till June 30, 2020.

In an interview with the CEO on Monday in Accra, he said the decision was part of the Company's efforts to support Ghanaians during the COVID-19 partial lockdown and to alleviate the hardships customers were facing during these difficult times.

"Dalex Finance is aware that the immediate concern of its clients is sustenance and their financial well-being. To help forestall their anxieties, the company at this difficult time, is extending a helping hand to all its DalexSwift customers by dropping interest rates. The minimum contribution is one cedi," he said.

He explained that DalexSwift Investment existed to make it easy and appealing for young Ghanaians to invest towards the things they wanted.

Launched three years ago, DalexSwift is targeted at young persons and has over 130,000 registered accounts.

"Dalex Swift by its very design relies on zero personal contact for registrations, to make investments, redemptions, loan applications, and loan disbursements."

Mr Thompson advised citizens to 'choose wisely' during the lockdown period and invest in their health, relationships and skills.

Dalex Finance is a wholly Ghanaian owned and operated Specialized Deposit-taking Institution (SDI) licensed by the Bank of Ghana (BoG).

Dalex Finance has been in operation in Ghana since 2006 and is currently the leading digital finance company in its sector.