Compare Educational Loans

Product Type	Interest Rate	Max Tenure	Security	Min - Max Ticket Size
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)	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
Revolving credit facility	Contact Bank	7 years	One personal guarantee and basic salary more than Rs 75,000	Rs 100,000- 10,000,000
Bulk payments in advance	Contact Bank	7 years	One personal guarantee and basic salary more than Rs 75,000	Rs 100,000- 10,000,000
Study guard loan	13.5-15.5 %	7 years	Minimum net income of Rs 100,000/- or more	Rs 100,000 - 15,000,000
Higher education loan	13.0%-15.5%	10 years		Rs 100,000 - 20,000,000
Higher educational loan with grace period	13.5%-14.0%	Minimum period of 5 years
Personal Loan for Higher Education	Contact Bank	5 Years	Contact Bank	Rs 100,000 - 5,000,000

Educational Loan

Primary & Secondary Education (Schools)	Higher Education (Institute / University)
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 Min - Max Ticket Size: Rs 100,000 up to a Maximum of Rs.15 Million Applicable Cap: 100% Total fee requirement (Admission/Donations/Term fees etc.) Max repayment tenure: 7 years Disbursed directly to the School (Semi Government/ Private or International schools) Prerequisites: Offer letter to be obtained from the school 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. Policy Period: - 2 to 13 years Premium - One time premium payment option Prerequisites: Entry age of a Policy Holder (Parent/ Family Member/ Guardian/ Caretaker) 18 to 60 years	Higher Education Loan Min - Max Ticket Size: Rs.100,000 up to a Maximum of Rs.20 Million Applicable Cap: Up to 90% of course expenditure to be covered. (Registration fees / Course Fees / Examination fees etc.) Repayment tenure: up to 10 years Only interest can be paid during the Course Period + 06 months (Optional) Disbursed directly to the Educational Institute/ University Special benefits for the HNB youth account holders A laptop can be purchased with the loan

Primary & Secondary Education

(Schools)

Higher Education

(Institute / University)

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

Min - Max Ticket Size: Rs 100,000 up to a Maximum of Rs.15 Million
Applicable Cap: 100% Total fee requirement (Admission/Donations/Term fees etc.)
Max repayment tenure: 7 years
Disbursed directly to the School (Semi Government/ Private or International schools)
Prerequisites: Offer letter to be obtained from the school

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.

Policy Period: - 2 to 13 years
Premium - One time premium payment option
Prerequisites: Entry age of a Policy Holder (Parent/ Family Member/ Guardian/ Caretaker) 18 to 60 years

Higher Education Loan

Min - Max Ticket Size: Rs.100,000 up to a Maximum of Rs.20 Million
Applicable Cap: Up to 90% of course expenditure to be covered. (Registration fees / Course Fees / Examination fees etc.)
Repayment tenure: up to 10 years
Only interest can be paid during the Course Period + 06 months (Optional)
Disbursed directly to the Educational Institute/ University
Special benefits for the HNB youth account holders
A laptop can be purchased with the loan

Last updated: August, 2024

*Rates are subject to change *Conditions applied

*Please check with the bank for the latest information

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%	14.00% p.a.	14.5%	15.25%	14.25%.p.a.	14.75%	15.5%	14.75%.p.a.	15.25%	16%	15.00% p.a.	15.5%	16.25%
Salary Between LKR 150,000/- & LKR 249,999/-	AWPLR +3.00%	AWPLR +3.25%	AWPLR +3.50%	15%	15.5%	16.25%	15.25%	15.75%	16.5%	15.75%	16.25%	17%	16%	16.5%	17.25%
Salary Between LKR 75,000/- & LKR 149,999/-	AWPLR +3.25%	AWPLR +3.50%	AWPLR +3.75%	15.5%	16%	16.75%	15.75%	16.25%	17.00%	16.25%	16.75%	17.50%	16.50%	17.00%	17.25%
Salary Between LKR 30,000/- & LKR 74,999/-	AWPLR +3.50%	AWPLR +3.75%	AWPLR +4.00%	16.00%	16.50%	17.25%	16.25%	16.75%	17.50%	16.75%	17.25%	18.00%	17.00%	17.25%	17.25%

Loan rates for existing loans w.e.f june ,2024

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: August, 2024

*Please check with the bank for the latest information