Commercial Bank introduces an exclusive Credit Card for SME segment in the country. SME Credit Card has 02 flavors as “ComBank BIZ Club Credit Card” for the customers who are already registered with the ComBank BIZ Club and the “Business” Credit Card for the SME customers who are directly falling under SME category but not falling under ComBank BIZ Club category.
Example for calculation
Minimum maturity days: 92 days (3 months). Maximum maturity days: 1095 days (3 years). Annual Percentage Ratio (APR): From 3.5%. Can be repaid in advance.
Examples of calculations for a standard loan:
Loan — Rs. 50,000, Maturity — 24 months, 24 monthly repayments (Rs. 4,443.67 per installment), interest rate 56.65% per annum. Including the commission amount of Rs. 56 648 The total cost of the loan is 106 648. The total amount you have to pay is Rs.106,648, annual interest rate: 56.65% (amount is calculated for 27.06.2022).
Commercial House, No 21,
Sir Razik Fareed Mawatha,
P.O. Box 856, Colombo 01. Sri Lanka.
Product information and terms & conditions are subjected to change. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.
You will be eligible for «BIZ Club Credit Card» if you are an active member «ComBank BIZ Club».
You can apply for “Business Credit Card» if you are falling under the SME categorization as per your business / company performance.
The Credit Cards will be issued waiving the joining and first year annual fees.
In addition to Bank’s general offers, these Credit Cards will be eligible for MasterCard specific international and domestic offers which are exclusive for the BIZ Club & Business Credit Cards.
The Credit Card holders will be eligible to earn ComBank Max Loyalty points and 01 ComBank Max Loyalty Point for every Rs 400/- spent. (01 Max Loyalty Point = 01 Rupee)
Travel Insurance for Overseas Travel (T&C Apply)
Mobile Banking: — USSD & SMS facilities are offered free of charge.
Online Banking: Registration fee and first year annual fee is waived off.
Paymaster: — Registration fee and first month processing fee is waived off.
Since this card includes features of a Corporate Credit Card, can be used for transactions relating to permitted business payments
Invitations (Selected SMEs) to participate at special seminars/webinars and other awareness programs for SMEs organized by the Bank.
Discount promotions and all other privileges applicable to ComBank Credit Cards are eligible to these cards as well.
Annual Fee – Rs 2,500/- from second year onwards.
Account details and terms may change from time to time. Therefore, it is advisable to contact the nearest bank branch for the latest information and terms.
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