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1. Make sure an unsecured loan is the best fit. The purpose of your loan can help you decide if a secured or unsecured business loan is the best fit. For example, if you’re purchasing equipment ...
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 ...
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.
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]
It has branches in both urban and rural areas of Sri Lanka. Seylan bank had 170 banking centres [ 2 ] island-wide, 3173 staff members (as at 1st August 2024), an ATM network of 182 units covering crucial locations, 11 branches providing 365-day banking [ 3 ] in 2020.
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
John Keells Holdings PLC (JKH) is a Sri Lankan multinational conglomerate company. It has business interests in hotels and resorts management, port, marine fuel and logistics services, IT services, manufacturing of food and beverages, supermarkets, tea, stock broking, life insurance, banking, and real estate.