Special People’s bank loan Scheme for External Undergraduates of the University of Kelaniya
View(s):People’s Bank has launched a special loan scheme for undergraduates who register for degree courses conducted by the Centre of Distance and Continuing Education of the University of Kelaniya. The memorandum of understanding regarding this venture was signed between the Kelaniya University and People’s Bank at the Vice-chancellors Office of Kelaniya University recently, the bank said this week.
Representing the People’s Bank and the University of Kelaniya; CEO/General Manager of People’s Bank, N. Vasantha Kumar and the Vice-Chancellor of Kelaniya University, Prof. Sunanda Madduma Bandara signed the agreement on behalf of their organisations .
Loans can be obtained up to a maximum of Rs. 500,000 and is granted under the security of a mortgage of a property or two guarantors employed in state/private sector. The maximum repayment period is seven years including a one year grace period.
The event was attended by the Dean of the Faculty of Sociology, University of Kelaniya, Prof. A. H. M. H Abeyrathne; Director of the Centre of Distance and Continuing Education, Dr. P. M. C. Thilakarathne; Registrar W. M. Karunarathne; Senior Assistant Registrar Laxman Wavegama as well as the Deputy General Manager (Domestic Credit) of People’s Bank K. B. Rajapakse; Gampaha Regional Manager K.D Karunatilake; Kelaniya Branch Manager Ms. Dulani Buddika together with a large gathering of staff from University of Kelaniya and People’s Bank.