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Loan Flyer

Loan Flyer

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Published by Sameera Vithanage

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Published by: Sameera Vithanage on Oct 06, 2011
Copyright:Attribution Non-commercial

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11/30/2013

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COMMERCIAL BANK OF CEYLON PLC- BAMBALAPITIYA
SPECIAL PERSONAL LOAN SCHEME FOR EMPLOYEES OF AEPONA INTERNATIONAL(PVT) LTDEligibility
-Should be a permanent employee-Minimum gross salary of Rs.50,000.- per month considering fixed allowancesonly-Should have completed at least one year’s service in the current employment-Ability to direct such income to an account with this Bank. (Need not be a presentaccount holder of the Bank)-Age between 18 to 60 years, subject to the loan being fully repaid before the dateof retirement.
Purpose
- Purchase of vehicle- Purchase of computers-- Education of family members – at any level – locally or abroad- Travel abroad – on business or pleasure- Wedding and other social functions- Repay credit card balances- Repairs / extensions to residential houses / Rental Advances- Any other purpose, if acceptable to the Bank 
Loan Amount
: Up to Rs.3 millionLoan amount will be decided based on the individual borrower’s disposableincome and repayment capacity.
Rate of Interest
:
12.5% p.a (Fixed)*
*Loan amount should be Rs.1,000,000/- or above
(Floating rate of 11.5% available for employees earning more than Rs.100,000/-and above per month)
 
13.5% p.a
(Fixed)
Loan amount below Rs.1,000,000.-Repayment period
:
Up to 05 years
(Fixed)
Up to 07 years (Floating)
Indicative IntroductoryInstalmentsLoan Amount3 Years4 Years5 Years7 YearsFloating 11.5%
Rs.1,000,000/-Rs.32,976/-Rs.26,089/-Rs.21,993/-Rs.17,386/-
Fixed 12.5%
Rs.1,000,000/-Rs.33,454/-Rs.26,580/-Rs.22,498/-N/A
Fixed 13.5%
Rs. 100,000/-Rs. 3,394/-Rs. 2,708/-Rs. 2,301/-N/A
Security
: Nil (Guarantors/any other security will be requested if considered necessary, for any particular loan)
Documents required
: - Recent Salary Slip- Letter of undertaking from the employer to forward the salary to thecommercial bank account of the borrower 

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