Special loan scheme for external undergrads of Kelaniya University from People’s Bank

Tuesday, 29 July 2014 00:01 - - {{hitsCtrl.values.hits}}

People’s Bank now offers a special loan scheme for undergraduates who register for degree courses conducted by the Centre of Distance and Continuing Education of the University of Kelaniya. The memorandum of understanding regarding this venture was signed between the Kelaniya University and People’s Bank at the Vice-chancellors Office of Kelaniya University. Representing the People’s Bank and the University of Kelaniya, CEO/General Manager of People’s Bank N. Vasantha Kumar and the Vice-Chancellor of Kelaniya University Prof. Sunanda Madduma Bandara respectively signed the agreement. The loan scheme is introduced with a vision to offer external and post graduates the opportunity to pay their course fees at a concessionary interest rate. Loans can be obtained up to a maximum of Rs. 500,000 and the loan is granted under the security of a mortgage of aproperty or two guarantors employed in State/private sector. The maximum repayment period is seven years, including a one-year grace period. The event was attended by the Dean of the Faculty of Sociology, University of Kelaniya, Prof. A.H.M.H. Abeyrathne, the Director of the Centre of Distance and Continuing Education, Dr. P.M.C. Thilakarathne, the Registrar, W.M. Karunarathne, Senior Assistant Registrar, Laxman Wavegama as well as the Deputy General Manager (Domestic Credit) of People’s Bank, K.B. Rajapakse, Gampaha Regional Manager, K.D. Karunatilake, Kelaniya Branch Manager, Dulani Buddika together with a large gathering of staff from University of Kelaniya and People’s Bank.