Financial Institution | Product Type | Interest Rate | Max Tenure | Security | Min - Max Ticket Size | More Details |
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Variable interest rate loan (1 / 6 months) | Starting AWPLR + 2.75% (Variable) and 19.25% p.a. (Fixed) | 5 years (salaried employees), 10 years (professionals) | Contact Bank | Rs 100,000 - 10,000,000 | |
Fixed interest rate loan (1 / 3 / 5 years) | ||||||
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Revolving credit facility | Contact Bank | 7 years | One personal guarantee | Rs 100,000- 5,000,000 | |
Bulk payments in advance | 2 to 13 years | |||||
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Study guard loan | Conatct Bank | 7 years | Contact Bank | Rs 100,000 - 15,000,000 | |
Higher education loan | 10 years | Rs 100,000 - 20,000,000 | ||||
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Personal Loan for Higher Education | Contact Bank | 5 Years | Contact Bank | Rs 100,000 - 5,000,000 |
COMMERCIAL BANK
Educational Loan
Interest Rate*: Contact BankMin- Max Ticket Size: Rs 100,000- 5,000,000
Subject to: 90% of the applicable admission fees/school fees/ higher education fees
Collateral: One Personal Guarantee
Product 1 - Finance Lump sum payment of annual school fees
Conditions: A revolving facility and existing loan facility to be settled in full prior to the subsequent loanProduct 2 - Finance admission fees/ Payment of annual school fees as a lump sum (multiple years)*/ Finance the Higher Education course fees
Max Tenure/s - up to 7 yearsLast updated: April 6th, 2022
*Please check with the bank for the latest information
HNB
Educational Loan
Primary & Secondary Education (Schools)
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Higher Education (Institute / University)
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Study Guard Package Now you can apply for a loan coupled with a protection cover for an uninterrupted education for your child.Product 1 – Loan
Product 2 – Insurance Cover A special school fees protection cover to guarantee uninterrupted education of your child in the event of Permanent Disability, Critical illness or Demise of the Policy Holder.
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Higher Education Loan
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Last updated: 18th October 2023
*Rates are subject to change *Conditions applied
*Please check with the bank for the latest information
Credit Card
- 0% interest up to 12 months installment plans for transactions above Rs.10,000 to Rs.1 Million
- Valid till 28th February 2023
Last updated: 15th December 2022
Cargills Bank
Educational Loan
Loan rates for existing loans w.e.f Sep 01,2023 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Education Loan Rates | |||||||||||||||
Interest Frequency | 1 Month Variable | 6 Months Variable | 1 year Fixed | 3 year Fixed | 5 year Fixed | ||||||||||
Salary Category | Salary Assigned | Salary Remitted | Standing Instruction | Salary Assigned | Salary Remitted | Standing Instruction | Salary Assigned | Salary Remitted | Standing Instruction | Salary Assigned | Salary Remitted | Standing Instruction | Salary Assigned | Salary Remitted | Standing Instruction |
Salary Above LKR 250,000/- | AWPLR +2.75% | AWPLR +3.00% | AWPLR +3.25% | 19.50% p.a. (Base Rate) |
Base Rate + 0.5% | Base Rate + 1.25% | 19.25% p.a. (Base Rate) |
Base Rate + 0.5% | Base Rate + 1.25% | 19.00% p.a. (Base Rate) |
Base Rate + 0.5% | Base Rate + 1.25% | 18.00% p.a. (Base Rate) |
Base Rate + 0.5% | Base Rate + 1.25% |
Salary Between LKR 150,000/- & LKR 249,999/- |
AWPLR +3.00% | AWPLR +3.25% | AWPLR +3.50% | Base Rate + 1.00% | Base Rate + 1.50% | Base Rate + 2.25% | Base Rate + 1.00% | Base Rate + 1.50% | Base Rate + 2.25% | Base Rate + 1.00% | Base Rate + 1.50% | Base Rate + 2.25% | Base Rate + 1.00% | Base Rate + 1.50% | Base Rate + 2.25% |
Salary Between LKR 75,000/- & LKR 149,999/- |
AWPLR +3.25% | AWPLR +3.50% | AWPLR +3.75% | Base Rate + 1.50% | Base Rate + 2.00% | Base Rate + 2.75% | Base Rate + 1.50% | Base Rate + 2.00% | Base Rate + 2.75% | Base Rate + 1.50% | Base Rate + 2.00% | Base Rate + 2.75% | Base Rate + 1.50% | Base Rate + 2.00% | Base Rate + 2.25% |
Salary Between LKR 30,000/- & LKR 74,999/- |
AWPLR +3.50% | AWPLR +3.75% | AWPLR +4.00% | Base Rate + 2.00% | Base Rate + 2.50% | Base Rate + 3.25% | Base Rate + 2.00% | Base Rate + 2.50% | Base Rate + 3.25% | Base Rate + 2.00% | Base Rate + 2.50% | Base Rate + 3.25% | Base Rate + 2.00% | Base Rate + 2.50% | Base Rate + 2.25% |
Loan rates for existing loans w.e.f Sep 01,2023
Obtain an educational loan at a variable interest rate- Interest Rate: Starting AWPLR + 2.75% (Variable) and 19.25% p.a. (Fixed)
Min - Max Ticket Size: Rs 100,000 – 7,500,000 (Salaried employees) / 10,000,000 (Professionals)
Max Tenure/s: 5 years (Salaried employees) / 10 years (Professionals)
Applicable Cap: 60% of gross income
Last updated: October 10th, 2023
*Please check with the bank for the latest information
Sarvodaya Development Finance PLC
Educational Loan
Interest Rate : [Affordable interest rates]
Min - Max Ticket Size: Rs 100,000 - 5,000,000
Applicable Cap: 90% Total Fee Requirement
Value Proposition : Response within 1 to 2 working days
Max Tenure: 5 Years
Last updated: August 12th, 2023
*Please check with the bank for the latest information
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