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We are pleased to inform you the launch of "Cash Installment Plan" which allows the cardholders to obtain instant cash advances within the credit card limit and repay it in installments including the interest. This facility will permit the cardholders to obtain hassle free cash advance up to 75% of the available credit limit and settled it through the convenient repayment installment options of cardholders.

Repayment period   6 Months  12 Months  18 Months 24 Months
General Cash Advance Fee* 3.5% 
LKR 3,500/-
 3.5%
LKR 3,500/-
3.5%
LKR 3,500/-
3.5% 
LKR 3,500/- 
Up Front Handling Fee 6% 
LKR 6,000/-
 9.5%
LKR 9,500/-
14%
LKR 14,000/-
17.75% 
LKR 17,750/- 

{(Capital + Up Front Handling Fee) /Period}


Monthly Installment

{(LKR 100,000/- +
LKR 6,000/-)/6}


LKR 17,666.66/-

{(LKR 100,000/- +
LKR 9,500/-)/12}
 

LKR 9,125/-

{(LKR100,000/- +
LKR 14,000/-)/18}
 

LKR 6,333.33/-

{(LKR 100,000/- +
LKR 17,750/-)/24}

 

LKR 4,906.25/- 

*General Cash Advance fee will be directly charged to the card account.
 

Features and Charges

  • Service shall be offered to depending on the card status and repayment habits.
  • The minimum transaction amount shall be Rs.25,000/-.
  • Cash Advance Fee will continue to apply.
  • In the event of an early settlement, a 4% early settlement fee shall be applicable from the remaining Cash Installment Plan facility’s total outstanding amount.

How to apply

To obtain this facility cardholders just have to call Sampath Bank Call Centre on 011 2 300 604 or just complete the application form of Cash Installment Plan (CIP) and hand over to Sampath Bank Card Centre or any Sampath Bank Branch.

  Application Form      

 

Terms and Conditions

  1. The tenure cannot be changed and accelerated payment for part settlement is not allowed.

  2. Requests for accelerated payment for full settlement shall be notified to the Bank in writing/fax or telephone call, prior to depositing funds to the credit card account. In such event of an early settlement, a 4% early settlement fee shall be applicable from the remaining Cash Installment Plan facility’s total outstanding amount.

  3. Once a cash advance is performed, cardholder/s shall call Sampath Bank Call Centre on 0112300604 or submit the duly filled Cash Installment Plan Application to the Bank within 90 days from the date of transaction to convert it in to a CIP, and any interest already charged on account for the particular transaction will not be reversed by the bank.

  4. Once submitted, the details of the Cash Installment Plan requested cannot be changed and the Bank is authorized to charge the handling fee for the installment period to card account.

  5. Other Credit Card terms and conditions shall apply. Please refer the application.