And a 12% bond will be issued by CBSL to compensate that.
The issue for CSE is will the funds taken out from here by them.
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RPPA wrote:So other banks also has to offer this rate.
And a 12% bond will be issued by CBSL to compensate that.
The issue for CSE is will the funds taken out from here by them.
NC wrote:This having a serious issue... too much double digit number
Is't for pensioners or elders..?
What's the age limit...?
Some one could obtain a loan and could pay back with interest received plus a profit in hand..?
Overall, not good for performance of CSE as well..
Cannot think loan rate will be 12% or above, its against the CB monetary policy.. (bcz if the rate increase all the system will be reverse again)..Market R wrote:Hmm, Some time only government banks offer this with many ristrictions like Max investment amoumt, proof of EPF & ETF amount and more.. Or loan intrest rate will go up to 12% or more.
NC wrote:Cannot think loan rate will be 12% or above, its against the CB monetary policy.. (bcz if the rate increase all the system will be reverse again)..Market R wrote:Hmm, Some time only government banks offer this with many ristrictions like Max investment amoumt, proof of EPF & ETF amount and more.. Or loan intrest rate will go up to 12% or more.
So how they going to do this..??
Hope only man who knows how to do this is PBJ...
RPPA wrote:So other banks also has to offer this rate.
And a 12% bond will be issued by CBSL to compensate that.
The issue for CSE is will the funds taken out from here by them.
Balanced_Views wrote:RPPA wrote:So other banks also has to offer this rate.
And a 12% bond will be issued by CBSL to compensate that.
The issue for CSE is will the funds taken out from here by them.
NO NO! This is so that interest rate in general can be kept low
Only small percentage of money in CSE is from pensioners. This is a good strategy to keep interest rates low. Good for CSE
FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » special 12% int rate for pensioners from government banks
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