DFCC Bank extends tailored support to migrant workers

Thursday, 10 November 2022 00:53 - - {{hitsCtrl.values.hits}}

Attuned to the pulse of its customers, DFCC Bank has launched ‘DFCC Ethera Saviya’ – a unique, tailored loan scheme to help finance the cost of migration for individuals seeking employment overseas.

DFCC Ethera Saviya is available for individuals who are registered with the Sri Lanka Bureau of Foreign Employment (SLBFE) and are about to migrate or who have already migrated, particularly to countries such as South Korea, Japan, Israel, Romania, the UAE, Saudi Arabia, Qatar, and Oman. DFCC Ethera Saviya can assist individuals with meeting migration costs, such as agency, visa, SLBFE fees, and airfares.

Discussing the new loan scheme, SVP – Offshore Banking, Remittance and Business Development Anton Arumugam said, “Our customer-centric approach ensures that we are in sync with the needs of our customers. Thus, we understand that many customers are considering opportunities overseas, and we would like to help realise their aspirations. Also, Sri Lankan expat workers help generate much-needed foreign exchange for Sri Lanka through inward remittances, so it is prudent that we support them. In addition to supporting the costs of migration, DFCC Bank is also pleased to provide an additional incentive per US dollar for all Ethera Saviya loan repayments when they are made through ‘Lanka Money Transfer’, our inward remittance platform, which 11 other banks also use in Sri Lanka. DFCC Bank is doing its best to understand and meet the needs of its customers, and DFCC Ethera Saviya is a result of that endeavour.”

Customers will require only two Guarantors to obtain loans of up to Rs. 500,000 through DFCC Ethera Saviya, while loans of up to Rs. 3,000,000 can be obtained if secured with a mortgage.