Loans against PFC (NRFC) deposits held at Bank of Ceylon

BOC UK will consider retail loans secured against PFC (NRFC) deposits held at Bank of Ceylon on the following terms:-

• Minimum loan amount £5,000.
• Loans will be considered up to 90% of the security deposit in the same currency and 80% for deposits in other currencies.
• Tenor minimum 1 year and maximum 7 years.
• Repayment in equal monthly instalments or bullet payment at maturity subject to interest being serviced on a monthly basis
• All loans will be subject to standard credit evaluation criteria.

Overdrafts facility against PFC (NRFC) deposits held at Bank of Ceylon

BOC UK will consider retail overdrafts secured against PFC (NRFC) deposits held with Bank of Ceylon on the following terms:-

• Minimum amount £5,000.
• Overdrafts limits will be considered for up to 90% of the security deposit in the same currency and 80% for deposits in other currencies
• Repayment on demand and subject to annual review
• All overdrafts will be subject to standard credit evaluation criteria.