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Unsecured loan options may be less risky than other loan types for certain borrowers, but not all. When taking out any long-term debt, making a fully educated decision is crucial to promoting ...
Cons. Potentially high interest rates. May have strict lending requirements. Personal guarantee may be required. To learn more, check out our guide on the pros and cons of unsecured business loans
Key takeaways. Due to the risk to lenders, unsecured small business loans can be harder to get. Unsecured small business loans tend to have higher interest rates than secured loans
It is one of the leading finance companies in Sri Lanka and it is also ranked within the top five largest licensed financial institutions among the 46 non banking institutions in the country. [2] In September 2019, the company received the Best Social Media Initiative of the Year at the 2019 Asian Banking & Finance Awards which was held at the ...
Housing Development Finance Corporation Bank of Sri Lanka (HDFC) National Savings Bank; Regional Development Bank (Pradheshiya Sanwardhana Bank) Sanasa Development Bank; Sri Lanka Savings Bank; State Mortgage and Investment Bank; Source: Central Bank, September 2020 [2]
The company later successfully obtained the Dell authorised distributorship in Sri Lanka. Softlogic ventured into the telecommunications sector with a partnership with Dialog Axiata offering corporate and individual Dialog GSM packages. Pathirage who realised the potential of mobile communications acquired the national dealership of Nokia in ...
With an unsecured loan, the lender relies more on your creditworthiness and business credentials. Lenders compensate for that higher risk through higher interest loan rates and fees.
The company segregated its life and non-life insurance businesses and then divested its non-life insurance to Fairfax Financial. The company changed its name in 2016 to Softlogic Life Insurance. The company is a constituent of the S&P Sri Lanka 20 Index. Softlogic Life is one of the LMD 100 companies in Sri Lanka. The company is also ranked ...