Seylan Bank, the bank with a heart, took measures to further reduce their Gold Loan rates to 0.79% per month, one of the lowest interest rates in the market to ease the financial burden faced by consumers due to COVID-19. As a result, Seylan currently offers the highest advance amount of Rs. 66,000 for a 24K sovereign with attractive repayment plans that range between three months to one year among the commercial banks.
Understanding the need within the market for consumers to be able to obtain financial aid immediately with minimum documentation, team Seylan looked into revamping the Gold Loan facility for their customers’ urgent financial needs be it for personal or business purposes. The Bank has already taken measures to enable a majority of its branch network with the required infrastructure and to train their staff to educate and help customers to obtain Gold Loan services.
Seylan is known to be a customer-centric financial organisation working towards a common goal of financially uplifting its customers, analysing the financial constraints consumers are facing due to the pandemic, Team Seylan introduced the Gold Loan facility to strengthen its customer base with the opportunity to utilise their Gold assets to obtain working capital loans to revamp their businesses. The reduced interest rates and the high advance amount offered by the Bank will help consumers fund emergency cash needs such as urgent medical expenses, educational expenses and cash needed for urgent household needs.
Apart from the above, the Gold Loan facility can also be obtained for small and medium business owners in the manufacturing industry to purchase machinery and equipment with no additional documentation, farmers and business personal in the agricultural field to purchase fertilisers and pesticides, young entrepreneurs looking to finance small business projects and young executives looking to finance their higher educational dreams.
Seylan confirms the highest level of safety and privacy to all customers who wish to obtain Gold Loans through the bank. Each branch which is currently enabled to provide this service is furnished with a separate unit and equipped with tools of the highest quality to test the weight of the Gold together with density meters to ensure articles are not damaged during the process. The Bank invites customers who are having difficulties in obtaining personal loans or business loans due to heavy documentation requirements and income gaps, to visit the nearest Seylan branch and speak to a representative to obtain the service.
Seylan Bank, the Bank with a Heart, operates with a vision to offer the ultimate banking experience to its valued customers through cutting-edge technology, innovative products, and best-in-class services. The Bank has a growing clientele of SMEs, Retail and Corporate Customers and has expanded its footprint with 173 branches and an ATM network of 215 units across the country.
Seylan Bank has been endorsed as a financially stable organisation with performance excellence across the board by Fitch Ratings, with the bank’s national long-term rating revised to ‘A (lka). The bank was ranked second among public listed companies for transparency in corporate reporting by Transparency Global and is now part of the S&P Dow Jones SL 20 Index. These achievements are a testament to Seylan Bank’s financial stability and unwavering dedication to ensuring excellence across all endeavours.
For more information on products and
services please visit www.seylan.lk.