People’s Bank launches ‘Viru Abimana’ housing loan scheme for Sri Lanka Army

Chief of Defence Staff and Commander of the Army General Shavendra Silva and People’s Bank Chairman Sujeewa Rajapakse exchanging the agreement

 From left: People’s Bank Chief Executive Officer/General Manager Ranjith Kodituwakku, People’s Bank Chairman Sujeewa Rajapakse and Chief of Defence Staff and Commander of the Army General Shavendra Silva and the Army Officers

In appreciation of the invaluable service rendered by the Sri Lanka Army for the freedom and betterment of the country, People’s Bank recently launched the ‘Viru Abimana’ housing loan scheme for members of Army. The agreement signifying the partnership was exchanged by Chief of Defence Staff and Commander of the Army General Shavendra Silva, and People’s Bank Chairman Sujeewa Rajapakse at the Army Headquarters in Sri Jayewardenepura recently. 

Under this loan scheme which is offered at a special concessionary rate, the maximum loan amount can be determined based on the monthly salary of the Army member while the repayment period is calculated based on the time till retirement. These loans can be obtained up to a maximum repayment period of 25 years.

In addition, customers will be able to conduct most of their banking from practically anywhere with the bank’s state-of-the-art digital banking services including People’s Wave’ Mobile Banking App, People’s Web Internet Banking facility and People’s Pay Digital Wallet App.

People’s Bank Chief Executive Officer/General Manager Ranjith Kodituwakku, Sri Lanka Army Chief of Staff Major General Vikum Liyanage, Director General of Financial Management Major General Shiran Abeysekara, Director Welfare Brigadier Nissanka Eriyagama, People’s Bank Senior Deputy General Manager (Payments and Digital) K.B. Rajapakse, Deputy General Manager (Retail Banking, Process Management and Quality Assurance) Renuka Jayasinghe, Head of Marketing Nalaka Wijayawardana, Assistant General Manager (Retail Banking) Virajinie Munasinghe, and Senior Manager (Retail Banking) Ravi Perera also participated in the event.