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Credit Scheme for Transport By Bank of Ceylon

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Credit scheme to purchase of Three Wheel Riksho
to offer an opportunity to engage in a self employment by using three wheel.
Eligibility

  1. Should be a customer of the Bank
  2. Hold a valid driving license to drive a three wheeler
  3. Should not be defaulter of the Bank or any other financial institutions
  4. Be able to bring at least 30%-50% of the project cost.

Securities

  • Mortgage of the Auto Riksho and assignment of the relative
  • Comprehensive Insurance Policy or
  • Guarantee of two persons acceptable to the Bank.

Documents

  1. Loan application
  2. Personal guarantors' statements
  3. Invoice of the Three Wheel??

Pre-departure loan facilities

Loan amount Rs.200000/-
For Sri Lankans seeking employment in South Korea

Repayment Period
18 months including 3 months grace period rate of interest
16%p.a.

Security
2 guarantors
Special guarantee from Sri Lanka Export Credit Insurance Corporation (SLECIC)
 

Required documents
Letter from SLBFE
Copy of the Visa & Passport
Application form duly completed

Loans Granted at Union Place Branch

Pre-departure loan facilities

Loan Amount Rs.50000/-
For Sri Lankans seeking employment abroad

Repayment period
24 months including 3 months grace period

Rate of interest
16 % p.a.

Security
2 Guarantors
Special guarantee from Sri Lanka Export Credit Insurance Corporation (SLECIC)
Credit insurance corporation (SLECIC)

Required documents
Letter from SLBFE
Copy of the Visa & Passport
Application form duly completed

Self employment loan (Ran Saviya)

Maximum Loan Amount
Rs300000/- (Double the SLRS.value of the balance available in NRFC A/C)

Repayment Period
5 Years

Interest rate
8% p.a.

Eligibility
Letter from SLBFE
NRFC A/C holders with a minimum balance of USD 500/- or its equivalent in any other designated currency for a period of 12 months

Security : Two guarantors.

BOC SARANI HOUSING LOAN

Maximum loan amount
Rs.300000/-

Repayment period
5 Years

Interest rate
5% p.a.

Eligibility
NRFC Account holders with minimum balance of USD 250/- or its equivalent in any other designated currencies for a period of 6 months
Security : Mortgage over property

 


 

 

 

 


Organization Information

Bank of Ceylon

No.1, Bank of Ceylon Mawatha

Bank of Ceylon Square
Colombo 1
Sri Lanka


Mr. S.M.Paranagama
Telephones:+94-11-2446790-811/+94-11-2338741 –55
Fax Nos:+94-11-2321160
Email:boc@boc.lk
Website: www.boc.lk

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Last Updated On: 2009-11-12 15:16:46
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