Business News of Friday, 20 January 2017
ASN Financial Services Limited has organised first of Loan Clinics planned for the year at the company’s head office in Accra.
According to management of the financial institution, the clinic will provide an avenue for them to explain to their clients the company’s redesigned credit application process to foster speed.
The clinic is also aimed at notifying prospective applicants of the company’s current requirements to qualify for loans from the company.
At the event, Head of Marketing of ASN, Mr Kwabena Yeboah, appealed to borrowers to do well to pay back loans to maintain good credit history.
He also advised them to use loans for the intended purposes to help grow their businesses.
Mr Yeboah reiterated that it is only when loans are judiciously applied in business operations that would enable borrowers to generate the expected revenues to service the loans on time.
He said timely repayment of loans help borrowers maintain good credit history which is considered when granting loans to applicants.
He commended borrowers, who pay loans on time, and said interest rates may be lowered for such borrowers who have good repayment record.
He said the company’s non-performing loans went up in 2016 and a team would soon embark on strong loan recovery exercise and appealed to borrowers to pay up.
The Head of Marketing told The Finder that “some of the company’s loan products are: Auto Loans, Micro Credit Loans, Asset Financing, Public Sector Workers Loans and Home Financing etc.”
He added that ASN also has Investment Products that allows clients to build up capital for future business, education funding for children and to acquire homes ideal for workers.
The company processes remittances, such as, SAMBA, Moneygram, Western Union, Vigo etc. and has branches at Adabraka, Dome, Spintex, Madina, Abossey Okai, Kwashieman, Lapaz all in Accra as well as the Ashanti regional capital of Kumasi.
ASN Financial Services is a Finance House and has been in operation for the past seven years. The company receives investments from clients and provides loans for individuals, especially government workers, traders and SMEs.