Pan Asia Bank offers Exclusive Personal Loans for Garment Industry employees

Pan Asia Bank known in the Sri Lankan banking industry for its innovative financial products, recently unveiled an exclusive Personal Loan facility for employees in the garment sector.

The move to revolutionise the bank’s already sought after product, the Personal Loan, comes following a decision to enrich the lives of those employed in the garment sector. The facility was launched with a plethora of new features and benefits, making it the best available in the market.

This Personal Loan is available to all employees in the garment industry who are Sri Lankan citizens, and between the ages of 19 and 60. The inclusion of those from a wider age range makes the loan facility accessible to many Sri Lankans who aspire to improve their lives. Further, they require a monthly net salary of Rs. 22,500 or above and must have been employed in the sector for a minimum of 2 years.

Customers of this exclusive facility are eligible to obtain loans between Rs. 100,000 and Rs. 5 million, with repayment periods ranging between 12 and 84 months. They will also enjoy their choice of fixed or variable interest rates, an array of convenient repayment options, free SMS and Internet Banking facilities for around- the- clock banking, and the freedom to jointly apply with spouse or child.

Nalaka Wi j ayawardana, Deputy General Manager – Marketing and Personal Banking, Pan Asia Bank, said, “We are delighted to play a part in the lives of those employed in the apparel industry, by making it easier for them to reach their goals, be it buying a new home or a vehicle, or going on a well deserved holiday with their family”. He further said, “Till now, most of those who were employed in the sector were unable to obtain loans as they weren’t earning higher enough salaries or did not have adequate years of service. Hence we have come up with this product offering making this amazing loan available to a wider customer base”.

Customers of this exclusive facility are eligible to obtain loans between Rs. 100,000 and Rs. 5 million, with repayment periods ranging between 12 and 84 months.