New loan schemes from DFCC Vardhana Bank
DFCC Vardhana Bank (DVB), the everyday banking unit of DFCC Bank in a bid to further improve its personal banking activity, introduced two new loan schemes: Vardhana Sandella - a housing loan scheme and Vardhana Nenasa - a graduate loan scheme.
The Vardhana Nenasa lending scheme, formulated to assist with a students' higher education needs, is mainly targeted at the increasing demand for the funding of foreign education of Sri Lankan students. This retail loan scheme caters exclusively towards the educational requirements of Sri Lankan youth. DVB also has plans to further enhance this product by partnering with private higher educational establishments providing degree programmes in Sri Lanka which are affiliated to reputed universities abroad.
Vardhana's housing loan scheme, which was reintroduced, is tailor made to suit individual budgets. The newly revitalised product is a housing loan where customers can select a repayment scheme and interest rate to suit their budget. This kind of personalised loan scheme enables customers to apply based on their income levels, age and purpose of the loan- giving them full flexibility.