Personal Loans FAQs
Fund weddings or other social functions.
Purchase of a computer.
Purchase of household goods.
Overseas travel.
Surgical and medical expenses.
Purchase of vehicles.
Settlement of an existing loan obtained from another financial institution.
Any other purpose, if acceptable to the Bank.
Personal Loan for Self-Employed Professionals - Minimum Income of Rs 30,000.00 and income from private practices.
Personal Loans for Members of GMOA - Minimum Income of Rs 30,000.00 (Basic + Fixed Allowances + Variable Allowances, Variable Allowances = 75% of 3 months Average).
Professional Loan for Members of IESL - Minimum income of Rs 30,000.00 (Basic + Fixed Allowances + Variable Allowances).
DFCC Educational Loans - Minimum LKR 50,000.00 (Basic + Fixed Allowances).
Hiflex Personal Loan - Minimum Gross Income of Rs.250,000.00 (Basic + Fixed Allowances + 90% of other income).
Speed Personal Loans - Minimum income Rs 70,000.00 (Basic + Fixed Allowances).
Personal Loan for Permit Holders - Minimum income of LKR 30,000.00 + income from Private Practice(Professionals), Minimum Income of LKR 100,000.00(Other permit Holders).
Maximum tenor of 5 years subject to a maximum age limit of 55 years.
Maximum tenor of 7 years for professionals
Yes, the salary assignment is necessary. However, standing order instructions are also accepted on a case by case basis.
Maximum loan amount depends on the type of loan facility.
Personal Loans to non executives – Up to Rs. 5.0 Mn subject to a maximum of 8 times of monthly gross salary.
Speed personal loans – Up to Rs. 5.0 Mn subject to a maximum of 20 times of monthly gross salary.
Professionals – Up to Rs. 10 Mn
Personal Loans to non executives – 02 personal guarantors
Speed personal loans – Promissory note
Professionals – Promissory note
Duly completed loan application.
Accepted terms & conditions with signature verification.
A certified copy of the National Identity Card, Driver License or Passport.
Salary assignment letter from the employer on DFCC prescribed format.
Latest Salary slip (Original/Certified) if variable allowances are to be considered 3 months original/certified to be submitted.
Current/Savings account statements of past 03 months.
