Interest Rate

• Fixed Rates -
• 14.0% p.a. to 16.0% p.a (On Property Mortgage)
• 15.0% p.a. to 17.0% p.a. (On Other Securities)
• Floating Rates Weekly AWPLR + 3.5% p.a. (Monthly Review with Floor Rate of 12.5% p.a. )
• Above interest rates are subject to revise with the market rates and the applicable rates can be obtained from the website of Peoples Bank-www.peoplesbank.lk

Maximum Amount

• On the need basis upon evaluation.

Repayment Period

• Short Term Loans - Up to and inclusive of 1 year
• Medium Term Loans - Above one year up to and inclusive of 5 years
• Long Term Loans - Above 05 years

Security

• Guarantees, Mortgage over a movable or immovable property or any other security acceptable to the bank.

Criteria

• Satisfactorily conducted current account for 6 months with our Bank or any other Bank who will be a potential customer in our Bank or a Potential customer.
• Mainly subjected to the repayment capacity of the customer
• Should have a Business Registration

Areas for which credit is provided

• Investments and working capital requirements will be funded for the business customers

Term Loans

• 0112481481
• dcreport@peoplesbank.lk / bcredit@peoplesbank.lk

Interest Rate

• Fixed Rates -
• 15.50% p.a. to 17.50% p.a (On Property Mortgage)
• 16.50% p.a. to 18.50% p.a. (On Other Securities)
• Floating Rates Weekly AWPLR + 3.5% p.a. (Monthly Review with Floor Rate of 12.5% p.a. )
• Above interest rates are subject to revise with the market rates and the applicable rates can be obtained from the website of Peoples Bank-www.peoplesbank.lk

Maximum Amount

• On the need basis upon evaluation of working capital requirement of the business

Repayment Period

• 1 Year (Facility could be structured for three years subject to annual review & renewal)

Security

• Mortgage over an immovable property, assignment over cash balances, assignment over life insurance policies other good securities acceptable to the Bank.

• Satisfactorily conducted current account for 6 months with our Bank or any other Bank who will be a potential customer in our Bank or a Potential customer.
• Mainly subjected to the repayment capacity of the customer
• Should have a Business Registration

Areas for which credit is provided

• Working capital requirements will be funded for the business customers

Permanent Overdrafts

• 0112481481
• dcreport@peoplesbank.lk / bcredit@peoplesbank.lk

Interest Rate

• Fixed Rates -
• 13.0% p.a. to 16.0% p.a (On Property Mortgage)
• 14.0% p.a. to 17.0% p.a. (On Other Securities)
• Floating Rates Weekly AWPLR + 2.0% p.a. and onwards (Monthly Review)
• Above interest rates are subject to revise with the market rates and the applicable rates can be obtained from the website of Peoples Bank-www.peoplesbank.lk

Maximum Amount

• On the need basis upon evaluation.

Repayment Period

• Short Term Loans - Up to and inclusive of 1 year
• Medium Term Loans - Above one year up to and inclusive of 5 years
• Long Term Loans - Above 05 years

Security

• Guarantees, Mortgage over a movable or immovable property or any other security acceptable to the bank

• Satisfactorily conducted current account for 6 months with our Bank or any other Bank who will be a potential customer in our Bank or a Potential customer.
• Mainly subjected to the repayment capacity of the customer
• Should have a Business Registration

Areas for which credit is provided

• The facilities can be considered for the purposes of Housing, Education, purchase of vehicle and other personal needs of business customers.

Personal Loans for Business Customers

• 0112481481
• dcreport@peoplesbank.lk / bcredit@peoplesbank.lk

Type of Bank Guarantees

• General Letters of Guarantee
• Bid Bonds
• Performance Bonds
• Advance Payment Guarantees
• Retention Bonds

Commission Rates

• 1.5% - 3.0% pro rata basis
• Above commission rates are subject to revise with the market rates

Maximum Amount

• On the need basis upon evaluation.

Security

• Mortgage over immovable property, cash margin or any other security acceptable to the bank.

• Satisfactorily conducted current account for 6 months with our Bank or any other Bank who will be a potential customer in our Bank or a Potential customer.
• Mainly subjected to the repayment capacity of the customer
• Should have a registered business/registered as contractors etc.

Bank Guarantees

• 0112481481
• dcreport@peoplesbank.lk / bcredit@peoplesbank.lk

Trade Finance

• 0112481481
• dcreport@peoplesbank.lk / bcredit@peoplesbank.lk