Seylan Bank revolutionises personal loans approvals

Friday, 14 July 2017 00:00 - - {{hitsCtrl.values.hits}}

In an environment where we seek everything in a hurry, Seylan Bank has introduced the ideal solution for your quick financial needs; a personal loan in two days. Understanding the lifestyle changes in the market as well as with a deeper understanding of needs and wants of its clients, the bank has streamlined its processes to deliver fast tracked loans, which has proven to be a tremendous success.

As the frontrunner in providing convenient customer focused products, Seylan Bank’s personal loans, has received an overwhelming response. The product has attracted many segments in the market and due to the increased popularity of the product and high demand, the bank has invested in building significant efficiencies in the backend and have streamlined processes that are centralised to delivering an enriched customer experience.

The bank offers a hassle free, convenient application process where applicants can obtain their loans within two days provided they fulfil all the mandatory requirements.

“We are extremely pleased with the response we have got from our satisfied clients with regards to the two-day loan process. Being ‘the bank with a heart’, we have always understood the needs of our customers and have tailor-made solutions to satisfy them. Our innovative thinking process always keeps the customers at the centre of thinking, thus allowing us to create relevant innovation, which adds value to customers,” said Seylan Bank PLC Deputy General Manager – Retail Banking Tilan Wijeyesekera.

To be eligible for a loan, an applicant should be a permanent employee who has completed 12 months in current employment with a minimum monthly fixed income of Rs. 50,000. With regards to this, the bank has a pre-approved organisational list based on defined criteria. Employees applying from these organisations are eligible for a hassle-free personal loan. In addition, the applicant should be between 20-60 years with a clear CRIB report. The scheme does not require any guarantors as long as the customer fulfils the basic qualifying requirements. The loan amounts under this scheme can extend up to five million with repayment spread over seven years. Based on actual requirement and applicant’s monthly income, loan amounts up to 12 times of the applicant’s salary can be obtained subject to other conditions. Personal loans can be applied through any of the Seylan bank branches located island wide, or even doorstep service is available by the bank’s well-trained staff.

Seylan Bank, ‘the bank with a heart’, one of the leading banks in the country is a pioneer in providing innovative financial solutions, has expanded its network to 166 branches and more than 193 ATMs island-wide. Understanding the needs of their valuable customers, Seylan has continuously provided innovative value additions to their products and services and has a growing clientele of SME, minor savings, retail, corporate and credit card categories Seylan also has a significant number of ardent followers in its social media platform and has been recognised for its social media performance in the global arena.