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Personal Loans of People's Bank

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Education - Local and Abroad

This facility is offered to meet the requirements of educational, living and medical expenses (Local / Abroad).

For Whom

  • Persons who are seeking higher education (Undergraduate & Post Graduate Studies)

Maximum Limit

  • Local - Rs. 0.5 Mn
  • Abroad - Rs. 1.5 Mn
    (Proven expenses only)

Period

  • 3 Years on Personal Guarantors and
  • 5 Years on Property Mortgage

Securities

  • Any Security acceptable to Bank for loans upto Rs. 100,000/-
  • Property Mortgage for loans above Rs. 100,000/-

Vehicle Loans

This facility is offered to purchase brand new, reconditioned unregistered, pre-owned vehicles for personal use.

For Whom

  • Permanent employees, self-employed personal or those with proven repayment ability.

Maximum Limit

  • 75% of the valuation/invoice value for new vehicle
  • 50% of the valuation/invoice value for used/recondition vehicle

Period

  • 3 Years on used vehicles
  • 5 Years on new vehicles

Securities

  • Mortgage over the vehicle to be purchased and 2 guarantors acceptable to the Bank or,
  • Any other security acceptable to the Bank

Any Purpose Loan - "Pahasu" Loan Scheme

This facility is offered as a solution for any given personal financial need of an individual.

For Whom

  • Permanent employees, self-employed with monthly provable income.

Maximum Limit

  • Rs. 500,000/-

Period

  • 3 Years on Personal Guarantors and
  • 5 Years on Property Mortgage

Securities

  • Any Security acceptable to Bank for loans upto Rs. 150,000/-
  • Property Mortgage for loans above Rs. 150,000/-

Organization Information

People's Bank

People's Bank - Head Office
No. 75,
Sir Chittampalam A. Gardiner Mawatha,
Colombo 02.


Mr. A.U.L.A. Anzar
Telephones:+94 112 481 481, +94 112 481482
Fax Nos:+94 112 380 516
Email:info@peoplesbank.lk
Website: www.peoplesbank.lk

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Last Updated On: 2017-04-05 13:35:43
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