Bank of Ceylon, Sri Lanka’s largest bank, first opened in the country in 1939. Ten years later, they opened their first overseas branch in London. Eventually, they became a full-fledged bank in the UK in 2010, attracting more foreign investment. They’ve also since expanded their product offerings to consumer finance, such as personal loans.
Thinking of treating yourself to a flight to Europe? Home due for some new kitchen appliances or furniture? For any large personal expense, a Bank of Ceylon personal loan may be the answer. If you’re looking for a light monthly payment, use the Bank of Ceylon loan calculator. It’ll work within any budget you are trying to keep to.
Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.
Overview of Bank of Ceylon loans
A smart approach to taking out loans is learning about their key features. Read on for an overview of the terms Bank of Ceylon offer for personal loans:
- Minimum loan amount of £5,000
- Maximum loan amount is 90% of the value of the deposits you offer as security
- Term of 1 year to 7 years
Note that the Bank of Ceylon will use your deposits to secure the personal loan. Thus, you must already have a deposit account with them before you apply.
Also note during your application, there will be a full credit check on your profile. This is part of the Bank of Ceylon review for your loan.
If the loan information you need isn’t here, you can visit Bank of Ceylon’s website.
Bank of Ceylon personal loan calculator
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£2,000
to £50,000
Get a step closer to your dreams and goals by availing our Personal Loans and meet your financial needs. You can avail a personal loan to meet unexpected expenses, a dream holiday, school or college fees, wedding expenditure, home improvement expenses or even purchase of consumer durables.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
You are eligible if youre 21 or over and live in the UK permanently, you have a regular yearly income of £6,000+, you are able to make your repayments by Direct Debit, and you havent been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
When it comes to putting your plans into action, its personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply without it affecting your credit score.
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Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.
