Festival Loans

To enjoy any kind of festival related expenses

Festival Loans

To enjoy any kind of festival related expenses

Commercial Bank of Ceylon offers you the unique facility of Festival Loans to help you meet any kind of festival related expenses. Avail of CBC’s Festival Loan and bring back the cheer and celebrate in style!!!

Enjoy the CBC Festival Loan Advantage

 Low interest rates.

 Low processing charges.

 No hidden costs or administrative charges.

 Repayment period of up to 12 months.

 Complete Transparency.

The Scheme

Purpose
 To meet any kind of festival related expenses.

Who can apply?

  • You are eligible to avail a Festival Loan if you are:
  • An Employee of Govt., profit making public/private limited companies/ institutions etc with a minimum of 2 years service OR
  • Self employed person with minimum 3 years standing/experience
  • You have a gross monthly income of BDT20,000/-
  • Your spouse’s income can also be considered in calculating the loan amount provided he/she guarantees the loan or the loan is taken jointly.

Age

  • Minimum age 23 years
  • Maximum 60 years at the time of maturity

Loan Amount

  • Your festival loan limit would be determined by your income and repayment capacity.
  • Minimum : BDT50,000/-
  • Maximum : 4 times your Net Monthly Income, subject to a ceiling of BDT150,000/-.

Documents Required

  • Passport Size Photograph
  • Last 6 month’s bank statement *
  • Last salary slip/Letter of introduction
  • Proof of official address for self employed individuals and professionals. This can include shop and establishment certificate/Lease deed/Telephone Bill/Electricity Bill.
  • Valid Trade License in the case of self employed individuals and professionals

Security

Personal guarantee of the spouse or any other person of adequate worth where check off facility is not available.

Terms & Conditions apply
Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.

Apply for a loan

Who can apply

 If you are a Bangladeshi citizens employed who are in a position to service you can apply for this facility.

How to apply

 Download application form and submit the filled form to any Commercial Bank branch

 If you already maintain an account with Commercial bank, you can email the application form to your branch.

Festival Loans

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K Sripavan

Chairman

Mr Kanagasabapathy Sripavan was appointed as the Chief Justice of the Democratic Socialist Republic of Sri Lanka in January 2015 and held office until March 2017. During this period he functioned as the Chairman of the Judicial Services Commission of Sri Lanka, Chairman of the Incorporated Council of Legal Education, Chairman of the Sri Lanka Judges’ Institute and Chairman of the Superior Court Complex Board of Management.

Mr Sripavan was enrolled as an Attorney-at-Law of the Supreme Court of Sri Lanka in 1977. He obtained a Diploma in Industrial Law from the University of Colombo in 1992 and Master of Laws from the University of London in 1994.

He functioned as the Head of the Court of Appeal Unit in the Attorney General’s Department and handled a large volume of work both in the Court of Appeal and in the Supreme Court including Bills and Fundamental Rights Applications. Prior to the elevation to the Court of Appeal Bench he functioned as a Legal Consultant for the National Savings Bank for two years.

He was appointed a Judge of the Court of Appeal in May 2002 and was elevated to the post of President of the Court of Appeal in March 2007 by his Excellency the President. In March 2008 he was elevated to the Supreme Court Bench.