|
|
 |
 |
| Sunday, 23 May 2004 |
 |
|
 |
Business |  |
| News Business Features Editorial
|
Home loans from Ceylinco Top insurer Ceylinco Life will reward loyal policyholders with an amazing low interest housing loans scheme announced, recently. Policyholders who have been with the company for five years or more can borrow upto Rs 2 million at an interest rate that will be 1 per cent less than the lowest prevailing market rate, the company said. The `Ceylinco Home Loans' scheme will be implemented in collaboration with the Seylan Bank, consequent to a Memorandum of Understanding (MoU) ratified by the two companies recently. The scheme is offered to any Ceylinco life policyholder whose policy has completed five years. This concessionary rate of interest will be applicable for an amount which is equal to double the sum assured subject to a maximum limit of Rs 2 million. "Life insurance entails a long-term relationship between policyholder and insurer", Ceylinco Life Director/General Manager R.Renganathan said. "It is logical that the well- being of the policyholder becomes an important concern of the insurer. This is the driving force behind the Ceylinco Life Rewards portfolio, which has just been expanded to include this exciting new housing loans scheme". Pegging the interest rate to 1 per cent less than the prevailing market rate would guarantee Ceylinco Life policyholders the lowest rates in the market, Mr. Renganathan added. He said that this home loan scheme would also be available through the Ceylinco Savings Bank. Application forms for Ceylinco Home Loans will be available at each of the company's 90 branches, and will be channelled to the nearest Seylan Bank branch via a Loans Coordinator at Ceylinco life's head office in Colombo. Loans be granted subject to the normal credit evaluation of the Bank, and would be secured by a mortgage of immovable property. |
|
News | Business | Features
| Editorial | Security Produced by Lake House |
