What We Offer
Savings Products
- Savings for the child’s future
- Hospitalisation Insurance cover (including government hospitals)
- Higher interest rate compared to regular savings
- Attractive gifts for saving slabs
- A comprehensive Business Savings Account for the business community
- Save time and money as all business transactions can be handled through digital banking services
- Earn high interest on savings.
- Earn high interest on savings
- Interest calculated on daily basis based on the day-end balances and credited monthly
- Multiple convenient digital banking platforms UPay & Business Internet Banking (BIB)
- Savings product specially for women
- The best benefits in the market for women’s savings
- Bill payments through UPay App
- Monthly Contracted Savings Account for Co-operative Societies and Individuals
- Customer can build up target maturity amount
- Lump sum deposit ensures a guaranteed return despite interest rate fluctuations
- Investment certificate can be encashed upon turning 18 years of age
- Attractive interest rate
- Digital banking facilities via the UPay App
- Access savings anywhere, at any time.
- Greater flexibility to withdraw any number of times without any interest penalties
Loan Products
- Longer repayment period
- Flexible approach and fast approval
- Attractive and competitive low-interest rate
- Top-up option for facility
- Choice of fixed or floating interest rates
- Processing within a maximum of three working days
- Purchasing options for gold jewelry, gold coins or gold biscuits at competitive interest rates
- For Army/Navy/Air Force/Police & Police STF Ex Military Personnel and their Dependent Family Members
- Loans up to LKR 5 Mn without guarantors
- Repayment period up to 10 years and 75 years of age
- Loan protection covers for all Uththamachara credit facilities
- Lower insurance charges
- Assistance in SWIFT transfer of salaries from relevant Pay and Record offices
- Convenience and quality service to customers
- For Retired Government servants and Ceylon Electricity Board Pensioners
- Loans up to LKR 5 Mn without guarantors
- Repayment period up to 10 years, and 75 years of age
- Extended support to transfer the pension remittance to the account quickly.
- Loan protection insurance cover with lowest insurance
- Reasonable rate of interest with a suitable grace period
- Loan values to suit business requirements with a flexible repayment schedule aligned with income
- Pattern and payment capacity
- Business guidance and consultancy services
- Availability of credit lines
- Open for SME business segments
- Promoting Environmental, Social, and Governance (ESG) in financing
- Short term loan (1, 3, and 6 months)
- Maximum advance amount for gold sovereign (8g) 18/24kt of gold
- Competitive low interest rate
- Benchmarked services that guarantee speed, privacy and the highest level of confidentiality
- Maximum advance amount for a gold sovereign (8g) 18K/24K of gold
- Competitive low interest rates
- Ensured accuracy of gold weight and value with the latest equipment
- Benchmarked services that guarantee speed, privacy and the highest level of confidentiality
- Loan facilities up to LKR 1 Mn with two guarantors
- Repayment period of up to 5 years for capital financing and up to two years for working capital for
applicants who hold 50% or more ownership of a business
- Microfinance loans
- MSME loans
- MPersonal loans up to LKR 10 Mn
- MInsurance Benefit for those obtaining a loan
- Financial assistance for pensioner entrepreneurs
- Easy access for attractive rates and other benefits for business improvements
- Target to service for sectors of women, agri exporters, service and industry
- For the upliftment of Micro and Small businesses
- Open for Micro and Small businesses
- Availability of Credit lines
- Customised leasing packages to suit individual requirements with flexible repayment schemes at
competitive rates
- Attractive discounts on premature settlements
- Easy accessibility to leasing facilities through island-wide branch network
- Leasing facilities available for private and commercial vehicles
- In line with the Bank’s three-year strategy, value chain financing (VCF) will play one of the most
important roles in establishing an efficient and effective ecosystem to reach small, medium, and
corporate-level customer bases and fulfill their financial requirements, while also assuring the
markets, especially in the manufacturing and agricultural sectors. Large corporates, exporters, and
manufacturers will onboard to the bank as anchors, along with their supplier bases.
Co Operative Products
- To finance start-ups of new projects & develop existing projects carried by registered cooperative societies
- Repayment period up to ten years in monthly installments, with a 6 month grace period
- Loan amount depends on the capacity of the society & project cost
- Re lend to society members for their income generating & consumption purposes
- Repayment can be made monthly, or as a bullet repayment base on requirement
- Loan amount depends on the capacity of the society
- Highest interest rate for savings interest calculated on a daily basis based on the day-end balances and credited monthly
- Loan facilities against savings balances with the ability to avail up to 80% of the deposit for a one year loan renewal period
- Savings product tailored for Multi Purpose Co-operatives (MPCs) and NGO’s
- Additional 0.25% interest for fixed deposits
- Coverage for entire co-operative segment
- As a provider of all financial requirements for customers, market and sell a variety of Life Insurance products through the branch network.
- Highest interest rate for savings interest calculated on daily
basis based on the day-end balances and credited monthly.
Coop Saver Savings Account is a smart option for co-operative
& non-co-operative other societies to earn a higher interest rate
while ensuring the real value of returns are not lost at all times.
- Digital solution for fund transfers/payments -The main concern
of transacting business account is to maintain smooth fund
management of the co-operative business with easy handling of
cash in and out.
- Special product to meet the requirements of death donation societies, welfare societies, NGOs, and Non-cooperative societies
- Special interest rates
- Special interest rates Bonus Interest of 40% of the cumulative interest will be paid only if the required average balance of Rs. 200,000 is maintained during a period of one year
- Bonus Interest of 50% of the cumulative interest will be paid only if the required average balance is maintained at 1 million or above during a period of one year
- 60% cash back loan facilities
- Providing low-cost loans for income generating projects
- To finance working capital requirements to strengthen the projects & businesses
- Attractive rates with grace periods & flexible Repayment periods
- Providing financial literacy & capacity development of beneficiaries
- Increased significant portfolio in refinancing in 2024
- Cooperation and Collaboration with ADB, CBSL, Ministry of Finance, Ministry of Industries, Ministry of Agriculture, Coconut Cultivation Board and other funding institutions.
Fixed Deposit Products
- Attractive interest rate for those over 55 years of age senior
citizen
- 90% cash back facilities
- Attractive higher rate of interest
- Immediate cash back facility of up to 90% of deposits
