Loan Against USD Fd

[The Chairman]

USD fixed deposit ekak thiyala LKR loan ekak ganna puluwan da ban banks walin?

 

[London Mahathun]

UP

 

[Ramiel]

bump

 

[corp]

People and BOC can do
for 1 year, the USD FD rate is around 5.85%, and the loan rate for LKR is 11%

 

[GoodDetective]

People and BOC can do
for 1 year, the USD FD rate is around 5.85%, and the loan rate for LKR is 11%

But if USD rate goes up by 6%, its like you have not paid any interest.

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USD fixed deposit ekak thiyala LKR loan ekak ganna puluwan da ban banks walin?

Yeah, most of banks allows it. Even you can get a credit card too agains USD FD.
------ Post added on Jul 18, 2024 at 3:30 PM

 

[Gingy]

Hoda wadak. Labai rate bassoth. Habai fixed rate ganna. Variable rate awoth un arinawa

 

[GoodDetective]

People and BOC can do
for 1 year, the USD FD rate is around 5.85%, and the loan rate for LKR is 11%

But USD FD rate is down now to like 3.75 -4.75%. Even then if USD up by 6-10% end of a year, you have regained your paid interest.
Seems like USD FD are pretty good choice to protect against inflation too.

 

[The Chairman]

Any idea about NTB. Whether they offer this facility?

 

[GoodDetective]

Any idea about NTB. Whether they offer this facility?

Yeah, check their web

 

[chami2015]

USD fixed deposit ekak thiyala LKR loan ekak ganna puluwan da ban banks walin?

මම BOC ගත්ත 14%යි රේට් එක

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People and BOC can do
for 1 year, the USD FD rate is around 5.85%, and the loan rate for LKR is 11%

No, BOC 14%
------ Post added on Jul 18, 2024 at 4:31 PM

 

[The Chairman]

මම BOC ගත්ත 14%යි රේට් එක

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No, BOC 14%
------ Post added on Jul 18, 2024 at 4:31 PM

Machan period eka?

 

[corp]

මම BOC ගත්ත 14%යි රේට් එක

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No, BOC 14%
------ Post added on Jul 18, 2024 at 4:31 PM

apata special banzzz. 10.5% walatath puluwan

 

[chami2015]

Machan period eka?

Up to 5yrs mcn

apata special banzzz. 10.5% walatath puluwan

kohomada mcn special gaththe?

 

[Nelza]

Yes for Commercial bank.

When the inflation is going high it, they had attached a floor rate (17% or AWPLR +0.5 wherever higher)

Now the floor has been removed and its AWPLR +0.5

Now the AWLPR is 8.xx, so its very attractive! (this changes to the rule at the time of renewal annually)

- There is no time limit, it automatically renews annually

 

[isurutmv]

up