Savings

TFC Savings Account

Enjoy some of the best interest rates for Saving Accounts in the country whilst having your money within easy access.
We have the solution for your instant or long term financial movements and your funds will grow without being limited by withdrawal terms.
Get ready for the future by saving more today.

Features and benefits of TFC Fixed Deposits

  • Interest calculated on a daily basis and credited monthly
  • Interest rate increased when your balance grows. Enjoy high tiered interest rates from 5% even upto 7.5%
  • Initial minimum deposit is Rs. 250/-
  • Manage your account online with internet banking (deposits can be made through the TFC Web site), through phone or at your branch
  • Transact with ease through our extensive island-wide branch network
  • VISA Debit card which gives access to your account through Visa enabled ATMs Island wide and merchant outlets which accept ATM/Debit cards Island-wide
  • No ATM charges for withdrawals from Seylan ATMs island-wide

Terms & conditions

  1. Cheques, drafts and money orders which are not drawn in favour of the Company will be accepted only at the discretion of the Company
  2. All Passbook Savings Account holders will be issued with a passbook where your transactions will be recorded. Please inform the branch immediately if your passbook is lost, stolen or misplaced.
  3. Amounts deposited or withdrawn from the account will be recorded in the passbook by the Bank. Please examine these entries carefully and inform the branch of any discrepancy before leaving the branch so that any error can be corrected at your presence.

Raja Daruwo Minors Savings Account

TFC Raja Daruwo is an innovative Savings Account designed for minors. It empowers parents with a secure and innovative way to save for their children’s future whilst giving them a sense being responsible for their own money.
Raja Daruwo aims to delight their young customers by offering benefits at key milestones in a child’s life.
Available for children aged up to 18, the account lets them save their cash for something truly meaningful in the future.

Features and benefits of the Raja Daruwo Minors Savings Account

  • Minimum initial deposit is just Rs. 100
  • Interest calculated on a daily basis and credited monthly
  • Manage the account online with internet banking (deposits can be made through the TFC Web site), through phone or at your branch
  • Transact with ease through our extensive island-wide branch network
  • Attractive Interest rate of 7%
  • Valuable gifts offered as the deposit volume grows
  • Rs.10, 000/-cash reward for every account holder who passes the 5th year scholarship examination
  • Rs.100, 000/- worth insurance cover for each year till the child reaches 18 years of age
  • Benefits given under the Insurance cover:
    Hospitalization cover

    Daily cash grant of Rs. 4,000/- per day for surgical treatment in a private hospital

    Daily cash grant of Rs. 2,500/- per day for non-surgical treatment in a private hospital

    Daily cash grant of Rs. 800/- per day for surgical/non-surgical in a government hospital

    Cash grant

    In the unfortunate event of death or permanent disability of the parent or guardian the child receives a grant of Rs. 50,000/- if the child is below 18 years.

Terms & conditions

  1. TFC “Raja Daruwo” Minor Account is not a joint account. It is an individual account and will be in the name of the child. The child whose name the account is in, will be the beneficiary.
  2. Under normal circumstances, withdrawals will not be permitted until the child becomes a major. However, withdrawals will be allowed at the discretion of the Company for essential purposes of the child and on request of the parent or guardian.
  3. To be eligible for the scholarship cash reward, your child’s “Raja Daruwo” Account should have a minimum amount of Rs 25,000/-, (without interest) 12 months prior to the Scholarship examination date.
  4. Apart from cash deposits, you can also deposit cheques, drafts and money orders which are drawn in favour of The Finance Company PLC.
  5. When you open A TFC Minor's Savings Account, you will be issued with a passbook where your transactions will be recorded. Please inform the branch immediately if your passbook is lost, stolen or misplaced.Amounts deposited or withdrawn from the account will be recorded in the passbook by the Bank. Please examine these entries carefully and inform the Company of any discrepancy before leaving the branch so that any errors can be corrected at your presence.
  6. Amounts deposited or withdrawn from the account will be recorded in the passbook by the Bank. Please examine these entries carefully and inform the Company of any discrepancy before leaving the branch so that any errors can be corrected at your presence.
  7. Your child (the minor) on attaining the age of maturity can claim the balance in the account after proving his or her identity to the satisfaction of the Company and also, the balance can be transferred to the normal savings account and continue.
  8. If you have not submitted the birth certificate of your child at the time the account is opened, it should be produced at the time of claiming the balance.

Ithurum Surakum Savings Account

TFC Ithurum Surakum Account is a first of its kind among innovative savings products offered by The Finance Company which combines the benefits of a Savings account along with a medical insurance cover which helps immensely for those unforeseen out-of-pocket medical expenses that may arise.

Features and benefits of the Ithurum Surakum Savings Account

  • Account can be opened with Rs. 50,000/- , Rs. 100,000/- , Rs. 200,000/- or Rs. 300,000/-
  • Interest calculated on a daily basis and credited monthly
  • Manage the account online with internet banking (deposits can be made through the TFC Web site), on the phone or at your branch
  • Transact with ease through our extensive island-wide branch network
  • Attractive Interest rates between 5.75% to 7.5% where a higher deposit commands a higher rate
Medical Benefits under the Insurance cover
Deposit Value LKR Insurance Value LKR Daily Cash for Surgery LKR Daily cash for non surgery LKR Hospitalization in non pay Govt. ward LKR
50,000 /100,000 100,000.00 4,000.00 2,500.00 1,000.00
200,000 200,000.00 6,000.00 3,750.00 1,600.00
300,000 300,000.00 9,000.00 5,750.00 2,000.00
Other benefits under the Insurance Cover
Deposit Value LKR Total Permanent Disablement LKR Natural Death Cover LKR Interest Rate
50,000 100,000.00 25,000.00 5.75%
100,000 100,000.00 25,000.00 7.00%
200,000 200,000.00 25,000.00 7.00%
300,000 300,000.00 25,000.00 7.00%

The Insurance cover which offer the above benefits is valid for customers for up to 60 years of age. Hence, any customer above 18 years can enjoy all these benefits, keeping the funds held in TFC “Ithurum Surakum” Account.

Terms & conditions

  1. Customer can chose the deposit value which will be held for 12 months initially, and till the minimum required funds in the account, customers are entitled to the Insurance scheme, while customer can withdraw the interests accrued.
  2. Customers can deposit required amount at once or in part deposits. In the event a customer saves gradually, he will be entitled for this scheme once the required amount (without interest) is reached and once the customer’s consent is received for funds to be held.
  3. In a case where a customer wants to close or withdraw the funds held, the premium cost will be charged from the customer for the year concerned.
  4. The value of the benefits offered will differ according to the amount deposited by the customer as shown in the benefits table.

Loans

Easy loans on Fixed Deposits

An easy to obtain and cost effective loan scheme
Competitive & fixed interest rates to make your budgeting easier.
You have the choice of choosing your flexible repayment scheme.
Deposit holders can obtain loans against their deposits instantly and over the counter.
No complex applications or evaluations are required.

Leasing & Hire Purchase

Leasing

Why block your capital at once? Come to us to make your dream a reality.
Find the vehicle that’s perfect for you and we’ll take care of the rest. Practical leasing solutions that ensure all your financial needs for both new and used vehicles.

Key Benefits
  • Motor vehicle and equipment leasing is faster, easier, less expensive and less restrictive than other forms of credit to get you what you need.
  • Leasing does not require a large up-front sum of cash, which helps you conserve your working capital.
  • With vehicle leasing from The Finance, You can customize your lease payments to meet your needs. We provide you with very competitive rates and a flexible, personalized service.
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Hire purchase and Hire purchase plus

TFC provides a simple and easy to manage hire purchase scheme to purchase motor vehicles, machinery, business equipment, etc. A network of branches islandwide ensures accessibility and complete convenience.

Key Benefits
  • Flexible service at your doorstep.
  • You can select and negotiate the terms on which you wish to acquire the asset.
  • Payments can be structured to match your business cash flow and the anticipated income from the asset.
  • You will be able to improve your initial cash outflow.
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Pawning

Gold Loans

If you require funds for your urgent financial needs, obtaining cash advances against your gold jewellery is the best option. TFC Gold loan is the fastest and most convenient method today for obtaining short-term finances. Our Gold loan Service offers an advance amount to suit your requirement at an affordable interest rate with added financial ease. As such the TFC Gold loan Service is the most ethical, reliable and most sensible option for pawning.

Why you should choose TFC for your Gold Loans requirement?
  • Ability to redeem your jewelry without prior notice.
  • Ability to make payments by you or by a person nominated by you without prior notice
  • Easy repayment schemes with lowest interest rates (6 months, 12 months)
  • A free insurance cover for your gold
  • A supreme, speedy and courteous service by our well-trained gold experts.
  • Ability to redeem a single article, after obtaining a gold loan for more than one.
  • SMS notifications prior to the maturity date.
  • 100% confidentiality
  • Hassle-free transaction completed in minutes
  • No hidden charges
  • Attractive gifts for every pawning transactions

Our pawning services are now available throughout a network of 45 branches island-wide and our skilled staff ensures privacy of the transaction and the safety of your articles.

Interest rates for gold loans
Karatage Scales of finance Rate of Interest (P.A)
06 Months(LKR) 12 Months(LKR)
24 kt 43,600 36,000 24.00%
23 kt 41,700 34,500 24.00%
22 kt 40,000 33,000 24.00%
21 kt 38,200 31,500 24.00%
20 kt 36,400 30,000 24.00%
19 kt 34,500 28,000 24.00%
18 kt 31,500 26,000 24.00%

Real Estate

TFC is committed for excellence and professionalism in commercial real estate and land development sales bringing with us the experience and adaptability to meet the demands of the ever-changing commercial real estate market. With numerous projects under our belt we strive to bring our clients the very best options in real estate every time.
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Properties for sale

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