Blue Financial Services Ghana Limited offer their customers some loan products, which include Blue CashXpress and Blue Term Loan. Remember, most financial institutions design various loan products to meet the specific needs of their customers. However, just like articles on Dalex Finance, Best Point Savings and Loans, Mjara Loans, etc., this article will explain what you should know about Blue Financial Services Ghana Limited.
About Blue Financial Services Ghana Limited
Under the Banks and Specialized Deposit-Taking Institutions Act of 2016 (Act 930), the Bank of Ghana has granted Blue Financial Services Ghana Limited a license to conduct business as a finance house. Also, Blue Ghana began operations in 2011 and provides products and consumer credit underwriting to officially employed Ghanaians across all economic sectors.
What are the Loan Products of Blue Financial Services Ghana Limited?
There are some loan products they offer their customers. They include:
1. Blue CashXpress
Customers may handle their urgent cash needs swiftly with the aid of the CashXpress loan. Besides that, loans from CashXpress are reasonably priced and disbursed immediately to a client’s bank account or mobile wallet.
In addition to the above, the emergency cash loan assists borrowers in meeting their immediate financial necessities. Also, CashXpress loans are affordable and instantly disbursed to customers’ mobile wallets or bank accounts. The post-dated checks or mobile money transfers are used to repay the immediate loans in 30 days, 60 days, or 90 days.
Blue CashXpress Requirements
Now, there are some requirements you need to meet in order to get the Blue CashXpress loan. They include:
- Your Ghana national ID card
- Three Months Pay Slips
- Your three months bank statement
- One postdated cheque
- Application form with T&Cs completed
Blue CashXpress Loan Amount
The loan amount for Blue CashXpress product is from GH₵200 to GH₵15,000.
Repayment Period
The repayment period for Blue CashXpress product is from one to six months.
2. Blue Term Loan
They pay personal loans, known as Blue Term Loans, in equal monthly installments over a certain time frame. Besides that, they predetermine installments for repayment during the life of the loan and take them out of employees’ paychecks. Therefore, customers can select a repayment period from three months to forty-eight months.
You can use a Blue Term Loan to fund a dream project or settle nagging debt. Also, employer payroll deductions allow for flexible repayment over a longer term. They offer competitive interest rates and prompt disbursement.
Blue Term Loan Requirements
There are requirements you must meet to land the Blue Term Loan. They include:
- A Blue application form
- Your employment authority note
- Three recent pay slips
- Your valid Ghana National ID card
- One of your recent passport-sized photograph
- Provide your bank document (a voided cheque leaflet or bank statement)
Benefits of Blue Financial Services Ghana Limited
You could benefit by getting a loan from Blue Financial Services Ghana Limited. They include:
1. Competitive Interest Rates
Blue Financial Services Ghana Limited is a proponent of profit with a cause and ethical lending! Meanwhile, they split returns with their clients. Prices on blue loans save you money.
2. Convenient Delivery
They make it simple for their clients to obtain credit. So, their electronic processing and payment of loans into a bank or mobile money account eliminates the need for branch visits. Hence, you receive your credit within a day.
3. Credit Life Cover
They are concerned about your safety and the security of your family. Therefore, they couple credit life with blue credit products to pay off any remaining loan obligation in the event of death or permanent disability.
What Are Their Contact Details?
For more inquiries, you can contact Blue Financial Services Ghana Limited through:
- Phone number: 0303-968898 | 0303-968196.
- Email address: info@bluefs.com.gh
- Office Address: Matti House, No. 817/1, No. 2, Eleventh Lane, Ringway Estates, Osu.
- Digital Address: GA-032-0507.
Read also: Loan companies in Ghana
Conclusion
As stated earlier in this article, you can benefit from Blue Financial Services Ghana Limited loans. However, ensure you repay your loan on time, as it will help you improve your credit score. Besides that, credit bureaus won’t blacklist you. Consequently, you’ll stand a better chance of getting another loan from Ghana’s private lenders or financial institutions.
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