Seylan Bank official banker for EDEX 2016

From left: Seylan Bank Marketing Manager Nalin Karunaratne, Seylan Bank Chief Marketing Manager Gamika de Silva, Seylan Bank Chief Financial Officer Ramesh Jayasekara, EDEX Chairman Kamal Abeysinghe and EDEX EXPO 2016 Project SecretaryChaturanga Senaratne

The productivity of knowledge and knowledge workers will be a decisive factor in positioning the reawakening Sri Lanka as a competitive force in the global economy. The nation’s future economic, commercial and financial success depends on developing and effective utilisation of intangible assets such as knowledge, skills and innovations. 

Identifying the immense contribution it can extend towards developing the knowledge sector of Sri Lanka as a responsible, stable and an innovative banking services provider, Seylan Bank is partnering as the official banker this year with Edex Expo 2016, Sri Lanka’s largest education exhibition and job fair. 

Edex Expo 2016 will take place from 22-24 January at BMICH, Colombo and 29 and 30 at the Kandy City Centre. Students are offered suitable career guidance, special student privileges and job opportunities during the exhibition and a footfall of more than 65,000 visitors are expected. Seylan Bank will have highly interactive and engaging sessions with the visitors, providing financial solutions at the exhibition.

Today professional qualifications as well as educational qualifications have become vital to embark on a rewarding career. With the entry to State-owned universities being limited, the higher education industry in Sri Lanka has become very competitive and diverse with many private universities and institutes entering into the academic field. Understanding the significant amount of investment required to commence courses with a private university, Seylan Bank has introduced ‘Seylan Scholar’, an educational loan which can be applied for local as well as overseas education. 

Seylan Bank Marketing and Personal Banking Deputy General Manager Tilan Wijeyesekera commenting on the partnership said, “Understanding the importance of an educated nation for future prosperity, ‘Seylan Scholar’ and personal loan facilities help meet the expectations of the students of the country. Adding value to the growth of the knowledge economy of Sri Lanka, Seylan Bank is ready to assist them financially with its innovative product portfolio. Focusing on collaborations with partners who can add value to business growth is essential. In this context, we at Seylan Bank saw a positive strategic fit between Edex Expo and the bank’s objective of broad basing its educational loan portfolio among a wider customer base.”

Seylan Scholar can be applied individually or jointly with parents, spouse or extended family to fulfil the dreams of the students. The loan covers foreign degrees with course fee, living expenses and accommodation. The bank has tied up with many institutes to facilitate their students’ financial needs. Seylan Scholar offers loans up to Rs. 10 million with a repayment period up to seven years. 

The loans can be obtained to pursue SLIM, CIM, AAT, CIMA, IPM and degree programs in disciplines such as fashion designing, engineering, psychology, medicine, aviation, etc. It also enables professionals and working groups acquire qualifications pertaining to postgraduate, such as MBAs by providing access to hassle free funding with flexible repayment options.

To be eligible for Seylan’s personal loan, an applicant should be a permanent employee who has completed 12 months in his/her current employment with a minimum monthly fixed income of Rs. 50,000 or above. 

The applicant should also be between 20-60 years with a clear CRIB report. The scheme does not require any guarantors and the loan amounts can extend up to 5 million with repayment spread over two to four years. The amounts obtained are determined by the actual requirement and the applicant’s monthly income. Applicants can obtain Seylan’s personal loans within 48 hours provided all necessary documents are submitted.  

Seylan Bank, one of the leading banks in the country is a pioneer in providing innovative financial solutions. Seylan Bank’s network consists of nearly 159 branches and more than 180 ATMs, exclusive of its student saving centres, island wide. The bank has a growing clientele of SME, minor savings, retail, corporate and credit card. Seylan also has a significant amount of ardent followers in its social media platform and has been recognised for its social media performance in the global arena.