### People’s Bank Launches ‘PrimeScore Privilege Loan’ for High-Credit Earners 📈

Source

People’s Bank has introduced a specialized lending product, the 'PrimeScore Privilege Loan,' targeting salaried professionals with superior credit discipline. This initiative aims to reward financial reliability while streamlining access to personal credit. • Loan Terms & Limits: Eligible borrowers can access up to Rs. 10 million with competitive interest rates starting from 10% per annum. • Eligibility Criteria: Exclusively available to private and public sector salaried individuals maintaining CRIB (Credit Information Bureau of Sri Lanka) grades of A1, A2, or A3. • Key Incentives: No guarantors required, allowing for independent borrowing. Accelerated processing times for quick fund access. Digital integration via an online application facility on the bank’s website. • Economic Context: By linking preferential rates to CRIB scores, the bank encourages responsible financial management and supports the banking & finance sector's push toward data-driven, risk-based lending. This move provides essential liquidity to the professional workforce for personal and lifestyle commitments.

Listen to this article

Duration: 1:14