DFCC Bank increases advances of ‘Ranwarama’ pawning facility

DFCC Bank has increased the advances of its ‘DFCC Ranwarama’ pawning facility as a solution for families to meet their urgent cash requirements as many families are experiencing financial difficulties due to the COVID-19 outbreak that has had a significant impact on the Sri Lankan economy.

Through this scheme, all Sri Lankan citizens over 18 years of age, with the contractual capacity to declare themselves as owners of the articles, can now pawn gold or gold jewellery. DFCC Bank accepts jewellery made of 18 karat to 24 karat gold, with the articles being assayed using the latest available equipment.

Items of 24 karate will hold an advanced value of Rs.82,000, while 22 karat pieces will hold an advanced value of Rs.68,000, at an interest rate of 0.75 percent per month. Those who engage in these transactions are provided a maximum of 12 months to settle the pawning advances at their convenience.

DFCC Bank’s Ranwarama pawning facility offers many other special features, including the highest advance amount at competitive rates of interest, confidentiality and guaranteed security for the articles, flexible payment plans with redemption options when required and redemption without prior notification. All of these facilities are available with no hidden charges, offering customers the best service available in the market.

You may visit a DFCC Bank branch closest to you to transact or visit the bank’s website at www.dfcc.lk for further information.