Commercial Credit launches new FD scheme

Thursday, 7 March 2013 00:00 - - {{hitsCtrl.values.hits}}

Commercial Credit has announced the launch of its newest fixed deposit scheme with a host of built-in benefits to its customers. The scheme offers an exciting range of consumer durables to depositors in lieu of an interest payment. The value of the product or in some cases, a combination of products, offered will result in the depositors gaining a return far in excess of market rates available from other FD products.

The gifts on offer include video home theatre systems, LED televisions, refrigerators, laptops, furniture, air coolers and digital cameras and extend to over 200 items. Commercial Credit has partnered with Singer Sri Lanka in this unprecedented scheme where products will be made available to depositors from over 300 Singer Plus locations island wide.

Deposits will be accepted in specific blocks of Rs. 25,000, Rs. 50,000, Rs. 100,000, Rs. 250,000, Rs. 500,000 and Rs. 1,000,000 or in any combinations of these amounts for periods starting from two years with higher valued products being offered for deposits of three, four and five years. One of the more innovative variants of this scheme will be where customers are allowed to choose their desired products and the deposit period, based on which the deposit amount would be decided.

CEO of Commercial Credit Roshan Egodage stated: “As a company which relies on value addition through innovation, Commercial Credit always endeavours to customise its products to meet the specific needs of individual customers. This new FD scheme has also been crafted with this concept in mind. This extension to our existing fixed deposit product range is introduced with the main objective of bringing in long term funds to facilitate long term investments for the company, while providing an innovative product to enhance customer satisfaction.”

Commercial Credit today enjoys a reputation as one of Sri Lanka’s fastest growing finance companies, and one of the finance industry’s most notable success stories. With 43 locations spread across the country, Commercial Credit is able to bring its benchmark superior levels of service and expertise within easy reach of its steadily increasing island wide customer base.