People's Bank ties up with the GMOA for special loan scheme for members

September 03, 2020

People's Bank has entered into a Memorandum of Understating (MOU) with the Government Medical Officers' Association (GMOA), one of the premier professional body in the country, with a view to granting personal loan facilities for its membership base comprising over 18,000 members island wide. In the light of their prominent and utmost professionalism to uplift the health sector in the country, the Bank has taken necessary steps to introduce this special loan scheme under more relaxed terms and conditions.

A ceremony to sign the Memorandum of Understanding (MoU) was graced by People's Bank Chairman Sujeewa Rajapakse, Chief Executive Officer / General Manager Ranjith Kodituwakku, Deputy General Manager (Retail Banking and Process Management) Renuka Jayasinghe, Chief Manager (Retail Banking) Champa Gamage, Colombo South Regional Manager N.K. Wimalasiri, Manager (Retail Banking) Ravi Perera, Union Place Branch Manager Amali Isiwari and other officials together with several GMOA members including President Dr. P.S.M.A.B. Padeniya, Asst. President Dr. Chandana Dharmaratne, Welfare Coordinator/General Committee Member Dr. Prabath Sugathadasa, Secretary Dr. M.A.J. Fernando and General Committee Member Dr. Nishantha Sugunapala.

Through this special loan scheme, all GMOA members will be entitled to obtain personal loans up to Rs. 15 million without the need for guarantors. A fixed concessionary interest rate will be applicable along with an extending repayment period of 10 years with no early settlement charges. Moreover, having considered the busy schedules of Medical Officers, People’s Bank has been prepared to render an efficient customer service as well.

This latest collaboration with a premier professional body in Sri Lanka is marked as a continuation of People Bank’s ongoing effort to provide professionals in the State sector with innovative financial solutions. The Bank has already provided similar loan schemes for staff members of all universities coming under the purview of University Grants Commission (UGC).

Arrangements have been in place to facilitate this special loan scheme through People’s Bank island wide branch network. Further information in this regard can be obtained from the nearest People’s Bank.