Our Personal Exclusive Revolving Credit (PERC) provides you with a convenient means of having access to that extra cash. You have peace of mind knowing you have cash in hand of up to twice your monthly net salary as a revolving overdraft facility, so you are in control to cash in on those timely bargains, or meet any unexpected expenses.
You pay interest only when you draw on your cash reserve and at a preferential interest rate.
You can access your cash reserve through:
This convenient facility can be used repeatedly without having to reapply every time.
You can enjoy the repayment flexibility to choose from a minimum of 5% up to 100% (Principal + Interest) payable within 20 calendar days from the 20 of each month. Interest will be calculated daily on the outstanding balance upto the 19 of each month and charged to the PERC account on the 20. From the 20 onwards interest will be calculated on the total outstanding (principal + interest) until a repayment is made (If no repayment is received within the period specified a fee of LKR250 will be levied).
All you have to do is just ensure that your salary is credited to the PERC account within the repayment period to meet this arrangement.
There will be absolutely no interest charged if you do not draw on your cash reserve.
All these privileges come to you for a one off set-up fee of LKR500.
No security is required for PERC. We can process your application within 48 hours, so you won't be kept waiting for your cash.
To apply for PERC you need to:
Application form - English
Application form - English(Premier)
Application form - English(Advance)
Application form - Sinhala - (*Please note : Strictly for reference purposes only)
Application form - Tamil - (*Please note : Strictly for reference purposes only)