Dalex Finance Loan is one of the products Dalex Finance offers to serve its customers better. Getting a loan from the financial institution around you could be one of the few options that make sense. Sometimes you would have to access cash flow to meet your financial commitments. Speaking of financial commitments, you already know there are some needs you can’t do without. Therefore, getting a personal loan to meet your personal needs or consolidation loan to merge your debts could come in handy.
In the rest of this article, you will learn more about Dalex Finance, their products, how you can access them, etc.
About Dalex Finance
Dalex Finance is a Bank of Ghana-licensed Specialized Deposit-taking Institution (SDI) that is entirely owned and controlled by Ghanaians (BoG). Since 2006, Dalex Finance has been operating in Ghana.
Dalex Finance has been transitioning to a digital finance company since 2013, with the goal of delivering products and services quickly and easily.
We thoroughly assess the relevance of our products and services to ensure that they satisfy the needs of our current customers and to design appealing and competitive packages for future customers. Dalex offers Salary Loans, Business Loans, and Investments at the moment.
What are the businesses of Dalex Finance?
Dalex Finance offers some businesses to serve their customers better. They include:
1. DALEX SWIFT
This is a unique product. You get interest rates that are higher than the market rate. There are no additional fees or charges for services. The Bank of Ghana has approved it and is closely monitoring it. You can keep adding to your principal on a monthly basis, no matter how tiny, as long as you keep it up to date. Because we pay compound interest, your money grows in value every month!
Consider DALEX SWIFT to be a phone-based susu box. You deposit cash whenever you can and earn significantly more interest than you might in a susu box or a savings account.
Who can sign up to use the product?
Anyone who desires to live a better life for themselves and their family.
A SWIFT account is available to everyone over the age of eighteen. Parents or guardians can sign up for minors (those under the age of eighteen) in their name.
How do I sign up to SWIFT?
If you would like to sign up, there’s no problem at all. You can simply sign up by downloading the DALEX SWIFT app from Google Play/App Store or visiting app.dalexswift.com. That’s all there is to it. Alternatively, dial *721# and follow the prompts to complete the registration procedure. You can also contact an agent by dialling 721 or sending a WhatsApp message to 0556489260.
The details you would need to provide during the signup?
There are some details you’ll need to provide during the signup.
The following information is essential to sign up:
- Phone number
- Name
- National ID
- Date of Birth
- Residential Address
- Occupation
- Hometown
- Next of Kin
- Address of Next of Kin
- Phone number of Next of Kin
- Security Question
How do I deposit into my account?
You can use your mobile money wallet (MTN, Airtel, Tigo, and Vodafone) to make deposits whenever and wherever it is convenient for you. You can also make a payment using your Visa or Mastercard or through their website.
1. Website
- Visit app.dalexswift.com
- Click on the options button
- Select ‘Deposit’
- Follow prompts.
2. Mobile Money Wallet (AirtelTigo, Vodafone)
AirtelTigo Users:
- Dial *721# on your mobile phone
- Select option 1, ‘Make deposit’
- Choose ‘Self’ OR ‘Third Party’ (if you want to contribute to another SWIFT account).
- Enter the amount to deposit
- Enter mobile money PIN
- Select option 1, ‘Yes’, to approve the transaction.
Vodafone Users:
- Dial *110#
- Choose option 4 to make a payment
- Select option 4 “Generate Voucher”, then select “Send”
- You will receive a voucher code
- Dial *721#
- Select “Deposit”
- Choose ‘Self’ OR ‘Third Party’ (if you want to contribute to another SWIFT account).
- Input Voucher Code
- Enter the Amount and approve the transaction.
Is there any minimum amount I need to deposit?
For the Dalex Swift, you can start with any amount, be it GH₵10 or GH₵10,000 cedis.
Is there any charge for my investment?
It’s totally free! Your SWIFT account has no service or operational costs. None.
Why you should invest your money in Dalex Swift
There are some reasons you should invest your money in Dalex Swift and they include:
1. Quick & Convenient
With your mobile money account, you may deposit or cash out anytime and anywhere you choose for free! There is no service charge, no traffic, and no lines; all it takes is a few taps on your phone. You can also pay with a Visa or MasterCard.
2. High Returns
On investments starting at GH₵100, you can earn up to 17% per year. That’s greater than the rate on T-Bills and considerably higher than the rate on your savings account!
3. You’re in Control
Your personal dashboard gives you a front-row seat to see your money increase month after month, and you can see it on your phone in real-time. You can pay out in 24 hours if you feel we aren’t achieving your expectations. There were no questions asked.
2. Dalex Turbo
This program gives you the courage to confront life’s unforeseen events by providing you with immediate credit when you need it.
Turbo ensures that credit is available right away:
- They’d pre-approve your credit limit through your employer
- At the moment of your emergency need, no processing is necessary.
Turbo makes credit available to you quickly and easily:
- You can receive money through your mobile money wallet or
- By a transfer to your bank account.
Turbo provides convenient and easy repayment:
You can pay the advance over a period of up to 3 months through your mobile money wallet. Or you can do that through a transfer from your bank account on their mobile app.
3. The Dalex Snap Loan
This is a salary loan program for government employees who the Controller and Accountant General’s Department (CAGD) pays. Because they originate and disburse Snap Loans using a mobile phone, they are extremely quick and easy. They can make payments with customers’ mobile money wallets or bank accounts. Also, they administer Dalex Snap Loans through a network of 3000 agents nationwide.
4. Investments
For consumers who want to grow their money with a safe financial institution, Dalex Finance provides Fixed Deposit Accounts. Dalex offers a good return on investment and is still one of the safest investments. Their customers should be confident that they will return their money to them within 24 hours after redemption.
For a fixed return, Dalex takes 91-day, 182-day, and 365-day investments (deposits).
What are Dalex finance Investment Rates?
As of the time of writing this article, the Dalex Finance Investment Rates are:
| Interest Rates | 91 Days | 182 Days | 365 Days |
| Above GH¢10,000 | 17.50% p.a. | 18.00% p.a. | 19.25% p.a. |
| Treasury Bill Rate for the Week | 12.62% p.a. | 13.38% p.a. | 16.33% p.a. |
| Treasury Bill Rate for Last Week | 12.64% p.a. | 13.42% p.a. | 16.34% p.a. |
How can I apply for a loan at Dalex Finance?
You would need to invest to qualify for a loan at Dalex. You’d need to contribute for at least three months, ensuring that your loan request makes up 80% or less of the amount invested. Thereafter, you can now apply for a loan through:
- Dialling *721#
- Applying through the SWIFT mobile application- app.dalexswift.com
- Calling 721
- WhatsApp on 0556489260.
What is the interest rate for Dalex Finance loans?
It is important to know the interest rates of a loan before getting it. This will help you know whether you can meet up with the full repayment of the loan and its interest. For Dalex loans, you’ll pay a monthly interest of 2% on your loan.
How fast can I get the Dalex Finance loans?
One benefit of dealing with Dalex Finance is that they know the urgency of your application.
If you meet the requirements, they can process your loan application and can disburse it in as little as twenty-four (24) hours.
What are the repayment terms for Dalex Finance loans?
It’s essential to know the full details of repayment terms of any loan. This is because it will help you know whether you can meet up with its repayment as you should. For Dalex loans, your investment serves as collateral for the loan. Because of this, it cannot exceed the period of your investment. However, you can repay the SWIFT loans on a daily, weekly, monthly, or ad hoc basis. However, this is contingent on the conditions of the contract.
What happens if my investment has a month left on it and I need a loan?
When you need a loan you still have a month remaining on your investment. You may need to prolong your investment period. Or they may require you to return the loan within the remaining time frame.
Who can sign up to use the product?
For Dalex Finance, anyone who desires to live a better life for themselves and their family can sign up. Their SWIFT account is available to everyone over the age of eighteen. Parents or guardians can sign up for minors (those under the age of eighteen) in their name.
What are Dalex finance contact details?
For more enquiries, you can contact Dalex Finance through their:
- Office address: Hse No 114/3 Farrar Avenue, North Adabraka, P.O. Box CT 3581, Cantonments, Accra.
- Email: info@dalexfinance.com
- Telephone numbers: 0244 333 411, 024 243 9584, 024 243 5650
- MTN Short Code: 1611
Conclusion
Always ensure you get a loan you can repay. This is to avoid making your financial situation worse. Aside from that, paying off your debts will allow you to save money that you might otherwise spend. Therefore, this allows you to save a respectable sum of money for future usage. Consequently, your credit score will improve and help you to access loans in the future.
Dalex Finance has various loan and investment offers for the people of Ghana. They also created these offerings to fulfil the wants of most individuals while considering their diverse financial capacities. However, it’s great to note that the DalexSwift Investment platform wouldn’t require customers to pay interest on loans they take.