Tuesday, August 4, 2020

Amana Bank offers financing up to Rs. 3 mn for govt. teachers, lecturers

In recognition of their services to the society, Amana Bank has extended the financing amount and repayment period for government teachers and lecturers.

The increased facility amount of up toRs. 3,000,000 with a 10 year repayment period, enables customers to obtain a facility at an affordable instalment against their salary. This will be applicable for financing facilities to purchase property, construction materials, vehicles, solar panels, furniture, household and personal appliances in a convenient ‘pay as you can’ mechanism, without the burden of having guarantors or pledging security.

Amana Bank’s Head of Retail Advances Ramakrishnan Kirubakaran commenting on the offering said “We are honored to extend this service to the teachers and lecturers, who play a key role in disseminating knowledge to the children and youth of the country.”

“We have tailor-made the offering to this segment enabling them to enjoy increased purchasing power to uplift their lifestyle.”

Amana Bank PLC is a stand-alone institution licensed by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange with Jeddah based IsDB Group being the principal shareholder having a 29.97% shareholding of the Bank.

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