Current Rates

Fixed Deposit Rate - 3 Months

10.25% p.a

Loan Rate - Residential Housing

14.5% - 16.00% p.a

Loan Rate - Personal Loans

16.00% - 16.5% p.a

Pawning Rate

18% p.a

*Conditions Apply

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Kapruka Ayojana Loan Scheme (Implemented With Coconut Cultivation Board)

Kapruka Ayojana Loan Scheme is a concessionary financial assistance service conducted by The Coconut Cultivation Board (CCB) in collaboration with People’s Bank, to provide investment capital for the development of coconut lands. Through this credit scheme, financial assistance and technical advisory services are provided to coconut growers in concessionary terms under 10 development categories. The primary objective of this funding service is to facilitate the development of coconut lands as whole farm units, where integrated farming systems are encouraged to attain high productivity and production.

  • Operational Regions
    All Regions
  • Interest Rate
    9% per annum
  • Maximum Amount
    Rs.3.0 Mn
  • Repayment Period
    05 years, including a maximum grace period of 12 months
  • Securities
    Two personal guarantors acceptable to the Bank and, mortgage over a movable or immovable property
  • Areas for which credit is provided
  • Coconut new planting & inter-cropping
  • Coconut replanting & inter-cropping
  • Rehabilitation of coconut lands & inter – cropping
  • Special projects related to coconut cultivation
  • Coconut mono-cropping
  • Establishment of drip irrigation system
  • Establishment of flexible pipe-line water projects. (hose irrigation system)
  • Farm machinery for coconut intercropping
  • Nursery establishments
  • Cattle, sheep, goat farming under adult coconut plantation
Saubagya Loan Scheme

Saubagya Loan Scheme is a special loan scheme designed for the purpose of providing credit facilities for agriculture, livestock, micro, small and medium-scale enterprises (MSMEs).

  • Operational Region
    All Regions
  • Interest Rate
    8%
  • Maximum Loan Amount
    Rs.25,000,000
  • Repayment Period
    Maximum 5 years inclusive of 6 month grace period
  • Securities
    Securities acceptable to the Bank
  • Eligible activities
  • New projects of agricultural sector, industries, income generating activities like services, minor scale tourism, purchase of machinery for construction sector
  • Facilities will be granted for new and innovative projects and disaster affected projects of above categories.
  • Loans will not be provided for the requirements such as the purchase of vehicles and land, constructing buildings, rice mills, garage and for working capital.
Self Employment Promotion Initiative Phase II - Loan Scheme (SEPI – II)

SEPI – II Loan Scheme is a special loan scheme designed for the purpose of providing financial assistance to trained youth who passed out from recognized vocational training institutions in the country for establishment of their own self-employment projects

  • Operational Region
    All Regions
  • Interest Rate
    7%
  • Maximum Loan Amount
    Rs.500,000/-
  • Repayment Period
    Maximum 5 years inclusive of 6 month grace period
  • Securities
    Any Security acceptable to the Bank, such as personal guarantors/ immovable property/ movable property
  • Eligible borrowers

Sub-borrowers should have completed a National Vocational Qualification (NVQ) Program or any skills development program and an entrepreneurship skills development program under a recognized vocational training institute registered under Ministry of Skills Development and Vocational Training (MSDVT) and,

  • Should have a suitable location for the proposed enterprise.
  • Should be able to submit a business plan for review and approval of the Bank.
  • Preference will be given to trained women under the SEPI II Loan Scheme.
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