People's Bank launches 'Viru Abimana' Housing Loan Scheme for the Sri Lanka Army

February 17, 2022

In appreciation of the invaluable service rendered by Sri Lanka Army for the freedom and betterment of the country, People's Bank recently launched 'Viru Abimana' Housing Loan Scheme for members of Sri Lanka Army. The agreement signifying the partnership was exchanged by General Shavendra Silva, Chief of Defence Staff and Commander of the Army and People’s Bank Chairman Sujeewa Rajapakse at the Army Headquarters in Sri Jayawardenapura recently.

Under this loan scheme which is offered at a special concessionary rate, the maximum loan amount can be determined based on the monthly salary of the Army member while the repayment period is calculated based on the time till retirement. These loans can be obtained up to a maximum repayment period of 25 years.

In addition, customers will be able to conduct most of their banking from practically anywhere with the Bank’s state-of-the-art digital banking services including People's Wave' Mobile Banking App, People's Web Internet Banking facility and People's Pay Digital Wallet App.

Ranjith Kodituwakku - Chief Executive Officer/General Manager of People’s Bank, Major General Vikum Liyanage - Chief of Staff of the Sri Lanka Army, Major General Shiran Abeysekara – Director General of Financial Management, Brigadier Nissanka Eriyagama – Director Welfare,K.B. Rajapakse - Senior Deputy General Manager of People’s Bank (Payments and Digital), Renuka Jayasinghe - Deputy General Manager (Retail Banking, Process Management and Quality Assurance), Nalaka Wijayawardana - Head of Marketing, Virajinie Munasinghe - Assistant General Manager (Retail Banking) and Ravi Perera - Senior Manager (Retail Banking) also participated in the event.