1. Loan Facilities

Products:

• Commercial Loans

• Project Loans

• Personal Loans

• MSME Loans

• Short Term Loans

• Trade Loans

• Housing Loans

A penal interest rate of 2% per annum will be charged on arrears related to loans.

2. Lease Facilities

A default interest on total arrears rental at contract interest rate + 2% per annum will be charged.

Formula (Applicable to all below):
Interest = Amount × (No. of Days ÷ 365) × Interest Rate

1. Loan Facilities

   Example:

   Arrears days	2	A
   Penalty interest rate	2%	B
   Arrears install amount (Capital + Interest)	100,000.00	C
   Penalty interest amount	10.96	D

   Penalty Interest Calculation:

   = C*(A/365) *(B)

   Calculation: 100,000 × (2 ÷ 365) × 2% = LKR 10.96

2. Lease Facilities

   Example:

   Arrears days	5	A
   Penalty interest rate	10%	B
   Arrears install amount (Capital + Interest)	100,000.00	C
   Penalty interest amount	164.38	D

   Penalty Interest Calculation:

   = C*(A/365) *(B)

   Calculation: 100,000 × (5 ÷ 365) × 12% = LKR 164.38

For further information or clarification, please contact your branch.