QC LOANS

Minimum (%)

Maximum (%)

 Interest rate range

25% p.a.

30% p.a.

Credit Risk Rating

A

B

C

D

Applicable interest rates

25%

26%

27% - 28%

29% - 30%

Credit score

85-100

70-84

58-69

45-57

LEASING

Minimum (%)

Maximum (%)

Interest rate range

14% p.a.

22% p.a.

Credit Risk Rating

A

B

C

D

Applicable interest rates

14%.

15%

16%

17%

18%

19%-20%

21%

22%

Credit score

93,100

85-92

77-84

70-76

64-69

58-63

53-57

48-52

TERM LOANS

Minimum (%)

Maximum (%)

Interest rate range

15% p.a.

23% p.a.

Credit Risk Rating

A

B

C

D

Applicable interest rates

15%

16%

17%

18%

19%

20%

21%

22%

23%

Credit score

93,100

85-92

77-84

70-76

64-69

58-63

53-57

49-52

45-48

GOLD LOAN

Minimum (%)

Maximum (%)

Interest rate range

20.04% p.a.

27% p.a.

1.

FACILITY PROCESSING CHARGES

Facility limit - LKR

Proposed charges - LKR

Minimum Charge

Maximum Charge

Lease/Mortgage loans processing charges

Up to 1 M

1.0% or LKR 5,000/- whichever is higher 

1 M – 5 M

0.5% or LKR 10,000/- whichever is higher 

5 M – 10 M

0.3% or LKR 20,000/- whichever is higher 

Above 10 M

0.25% or LKR 30,000/- whichever is higher (subject to a maximum of LKR 150,000.00)

QC loans processing charges

Up to 500K

2,500.00

5,000.00

Above 500K

5,000.00

10,000.00

2.

SERVICE CHARGES FOR SPECIAL REQUESTS

Proposed charge – LKR

Issue of settlement letters

LKR 200.00

Issue of early settlement letters

LKR 500.00

Issue of status confirmation letters

LKR 500.00

Issue of payment details letters

LKR 2,000.00

Issue of balance confirmation

LKR 500.00

Issue of no objection letters

LKR 500.00

Issue of duplicate deletion letter

LKR 10,000.00

3.

REMINDER LETTER CHARGES ON LEASE FACILITIES

Proposed charge - LKR

Reminder letter charges – Substantial reminder

LKR 1,000.00

Reminder letter charges – Accelerated reminder

LKR 1,500.00

Reminder letter charges – Termination

LKR 5,000.00

4.

OTHER MISCELLANEOUS FEES AND CHARGES

Proposed charge - LKR

Visiting charges by the Recoveries department

LKR 1,000.00 to LKR 20,000.00 (depending on the distance travelled)

Cheque returns charges

LKR 2,000.00

Savings accounts closing fee

LKR 250.00

5.

LEGAL FEE FOR MORTGAGE BONDS

Proposed fees - LKR

Bond value up to LKR 500.000.00

1.25% or LKR 5,000/- whichever is higher 

LKR 500,000.00 – LKR 5,000,000.00

1.0% or LKR 10,000/- whichever is higher

Above LKR 5,000,000.00

0.5% subject to a maximum of LKR 500,000/-