Cargills Bank offers attractive fixed rates for home loans
Rising interest rates and an increase in monthly repayments of home loans is one of the biggest concerns for home buyers when applying for a financing option to purchase a land or a house. But with a Cargills Bank home loan now you can book your loan for a fixed interest rate, where you can manage your cash better with monthly repayments that remain relatively constant over the tenure of the loan.
Under the fixed rate option, customers can apply for a home loan at a fixed interest rate for one, two and five year periods with interest rates of 13.75% per annum, 14.25% per annum and 15.25% per annum respectively. Home loans can be obtained by customers to purchase or construct a house, purchase land, complete construction of a partially built house, renovate, modify or extend an existing house. The Bank also offers loans to purchase gated property projects and condominium projects.
This innovative loan offering underscores the Bank’s commitment of bringing value to its customers. Loan financing is a long term financial commitment and there is a certain level of apprehension with regards to consistency of interest rates during the loan period. However with a Cargills bank Fixed Rate Home Loan customers can lock in their interest affording the opportunity to better manage their money. Fixed interest rates are available in additional to the existing benefits that are afforded by Cargills Bank on their home loans.
Individuals can apply and obtain a home loan with fixed interest rates from any Cargills Bank branch around the country. The Bank operates branches in Colpetty (Head Office), Old Moor Street, Maitland Crescent, Matara, Maharagama , Vavuniya , Hawa-Eliya , Thanamalwila, Kurunegala, Jaffna, and Chunnakam. The Cargills Bank team of seasoned Loan Officers will provide guidance through the entire process from initial exploration of financing options to the final closing, helping to create solutions quickly and efficiently.
Cargills Bank Home Loans also include the lowest legal fees in the industry charged by a Bank and a hassle free process for credit approvals that ensures the loan is granted within the shortest possible time.
Cargills Bank is a fully fledged commercial bank providing a comprehensive portfolio of products and services to support personal and business banking needs from Current and Savings accounts, Fixed Deposits, Trade services and Treasury services. Cargills Bank also offers an array of innovative and technologically advanced digital banking services to assist customers with their daily banking. With access to individual accounts through 15 Bank owned stand-alone ATMS and over 3,000 ATMs island wide linked to the LANKAPAY Common ATM switch and Cargills Bank internet banking, customers have total control of their accounts at any time of any day. This helps the Bank to augment its product offering and position itself on the premise of ‘Banking on the Human Spirit,’ to delivering the best possible banking experience that surpasses customer expectations.