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| Sunday, 28 August 2005 |
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The Finance Ideal Home launches 110% loan scheme The Finance Company (TFC) Ltd's 'Ideal Home' Division recently launched its Home Loan scheme offering 110% of the required amount within seven days. TFC's Deputy Chief Executive Director Nihal Peiris said that the company offered from Rs. 100,000 to Rs. 20 million by way of loans with a repayment period of 25 years. "This is a first in Sri Lanka's financial sector and we're proud to offer this facility to our expanding clientele in our 65th anniversary year. A customer who is even over 50 can obtain a loan by joining his/her children thus making this a unique product in the market. Flexible payment terms can be arranged with lower payment levels initially to increase over the years with the rise in future incomes." TFC Ideal Home recently conducted a competition among its more than sixty promoters for favourable sales targets during the period January to June 2005. Asela Peiris who emerged top sales person won a motorcycle. "TFC Ideal Home which has been in operation for three years, has a nearly 950-strong customer base. The company has lent more than Rs. 750 million in housing loans and hopes to achieve the billion rupee target by the end of this year," Peiris said. |
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