Fast Track
Fast Track is a short-term revolving loan facility designed to meet customers’ immediate financial needs, including working capital requirements. Customers are required to pay at least the accrued interest as the monthly installment. The principal amount may be partially or fully settled at any time during the facility period without incurring any charges.
During the facility period, customers may request disbursements as needed, subject to the approved facility limit. The facility may also be fully settled before maturity, upon payment of the applicable settlement charges.
Early Settlement Fee
An early settlement fee of 2% of the facility amount will be charged if the Fast Track facility is fully settled within six (6) months from the loan agreement date.
Benefits
- Obtain approved full loan amount at once or instalments within a period of up to 02 years.
- Fixed interest rates with the ability to submit movable and immovable assets as security.
- Minimum loan amount is Rs. 100,000/- while the maximum amount depends on the repayment capacity of the customer and the security provided.
- Repayment of interest and capital amount tailored according to customers’ income.
- Payments exceeding minimum monthly instalment enables the extra amount be deducted from the balance capital amount of the loan, resulting in the decrease of future instalments.
- Apply as individual/joint or corporates.