Fidelity bank launches 10% Fast & Easy Loans to customers and non-customers

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Yaw 8 years ago

This is too good to be true. T bill rate is hovering around 13%. And you are lending at 10%? This doesn't make economic logic.

This is too good to be true. T bill rate is hovering around 13%. And you are lending at 10%? This doesn't make economic logic.
Nad 8 years ago

It seems you have to make a deposit in USD or cedis before you get the loan. The article talks about "not losing their hard earn money" If that's the case, the economic logic or sense in this deal is the deposit that the bank ...
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It seems you have to make a deposit in USD or cedis before you get the loan. The article talks about "not losing their hard earn money" If that's the case, the economic logic or sense in this deal is the deposit that the bank will have for business.
Joe Abass 8 years ago

The article is not clear enough for my understanding
can you get the loan if don't deposit any foreign currency?
help me out.

The article is not clear enough for my understanding
can you get the loan if don't deposit any foreign currency?
help me out.