DFCC Bank, the Bank for Everyone, has taken a significant step to support its customers amidst challenging times. Accordingly, in line with the Central Bank of Sri Lanka’s (CBSL) revision of policy rates, interest rates on “DFCC Ranwarama” pawning facilities have been significantly reduced. This move aims to provide much-needed financial relief to those facing urgent cash requirements by offering the lowest interest rates in the market for pawning advances.
DFCC Ranwarama customers can now enjoy the most competitive interest rate of 1.48% per month for pawning 24-karat gold and gold jewellery items, and 24-karat pieces can provide access to up to LKR 110,000/- per sovereign. These unbeatable interest rates and generous advance values, which are also the best in the market, ensure that customers have quick and easy access to funds without incurring high charges. DFCC Ranwarama also provides maximum flexibility with up to 12 months to settle pawning advances, guaranteed confidentiality, and utmost security for valuables, providing customers with unmatched peace of mind.
Commenting on the rate reductions, Asiri Iddamalgoda – SVP – of Retail Banking and SME at DFCC Bank said, “We are pleased to provide much-needed relief to our customers with our sharply reduced interest rates on pawning facilities, aligning with the recently revised CBSL policy rates. We understand the financial challenges many of our customers face, and that’s why DFCC Ranwarama is designed to provide a convenient and transparent pawning solution. Furthermore, we take pride in offering the best interest rate in the market, combined with our signature customer service, to assist our valued customers with their financial needs.”
To access DFCC Ranwarama pawning facilities, please walk into your nearest DFCC Bank, or for further information, visit www.dfcc.lk or call DFCC’s 24-hour customer contact centre on +94(11)2350000.
About DFCC Bank
DFCC Bank is a full-service commercial bank with a rich history of 68 years and offers a diverse range of commercial and development banking services. As part of its Sustainability Strategy 2020-2030, the Bank aims to become a leading institution contributing to greater resilience by creating resilientbusinesses and supporting green financing and sustainable, socially responsibleentrepreneurship. Attesting to its commitment to sustainability, DFCC Bank is also the first, and presently only, entity in Sri Lanka to have received accreditation from the Green Climate Fund (GCF), granting it access to concessionary funding to support climate mitigation and adaptation projects in Sri Lanka. The Bank has received numerous accolades, including ‘Market Leader in Cash Management 2021 and 2022’ by Euromoney and is ranked among Business Today’s Top 40 Corporates in Sri Lanka. Additionally, DFCC Bank is rated A- (lka) by Fitch Ratings Lanka Limited and is regulated by the Central Bank of Sri Lanka.