Bank of Ceylon - Male' Branch 
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Loans & Other Credit Facilities |
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Service Charges for Loan Documentation (Commission MVR/USD) | ||||
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Advance Amount MVR/USD |
Commission MVR/USD |
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Processing Fee |
Up to 100,000.00 |
MVR 250 / USD 100 |
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100,000.00 - 250,000.00 |
MVR 500 / USD 500 |
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250,001.00 - 500,000.00 |
2000 |
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500,001.00 - 1,000,000.00 |
5000 | |||
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Above 1,000.001.00 |
0.25% | |||
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Minimum (Above 1,000,001.00) |
10,000.00 | |||
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Maximum (Above 1,000,001.00) |
25,000 |
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Service Charge on fully secured (Cash Backed) |
USD |
MVR |
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Advance |
50 |
500 |
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Renewal Charges - POD p.a |
100 |
1000 |
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Interest Rate for Credit Facilities |
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USD |
MVR |
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Loans |
9.00% - 12% |
9% - 12% |
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Secured Overdrafts |
10% - 13% |
9% - 12% |
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Temporary Overdrafts |
19% |
19% |
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Casual OD |
19% |
19% |
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Credit Faclities against Cash Back Security |
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Loans |
Margin |
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Credit Faclities against Cash Back Security |
Loans against same currency (up to 90%) |
4.0% |
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Loans against same currency (Above 90% up to 100%) |
4.5% |
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USD loans against MVR (Up to 90%) |
5.0% |
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USD loans against MVR (Above 90% up to 100%) |
5.5% |
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MVR loans against USD (Up to 90% |
4.0% |
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MVR loans against USD (Above 90% up to 100%) |
5.5% |
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Overdrafts |
Margin |
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Credit Faclities against Cash Back Security |
POD against same currently (Up to 90%) |
5.0% |
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POD against same currently (Above 90% up to 100%) |
5.5% |
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USD overdrafts against MVR (Up to 90%) |
6.0% |
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USD overdrafts against MVR (Above 90% Up to 100%) |
6.5% |
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MVR overdraft against USD (Up to 90%) |
5.0% |
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MVR overdraft against USD (Above 90% Up to 100%) |
5.5% |
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Monthly commitment fee (if not utilized at least 75% of the POD |
0.5% |
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Note 1: Additional 1% charge on 3rd party deposit other than the above margin Note 2: Special rates can be applied at the discretion of the Country Manager |
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5% p.a above the applicable interest rate will be charged by BOC-Male' on the due installments of the term loans if repayments are not made within 30 days from due date. 5% p.a above the applicable interest rate will be charged by BOC-Male' for the due Trade Finanace Facilities from due date |
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Issue of Letter of Guarantees (Commissions) |
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Cash Backed |
1.25% |
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Cash Deposits |
1.50% |
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Counter Guaranee - BOC |
1.75% |
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Counter Guarantee - Other Banks |
2.00% |
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Property Mortgage |
2.50% |
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Other Securities |
3.00% |
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Note 1: Enhancement are subjected to the above charges Note 2: Above rates are on per quarter basis | ||||
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Amendment Charges |
MVR 500.00 / USD 10.00 |
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Letter of Comfort |
MVR 500.00 |
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