Compare Educational Loans

Educational Loan

Interest Rate*: Contact Bank
Min- 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 loan

Product 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 years

Educational Loan

Study Guard package – Now you can apply for a loan coupled with a protection cover for you with benefits for an uninterrupted education for your child.

Product 1 – Study Guard Loan

A Personal Loan especially for Parents/Family Members/Caretakers & Guardians, to pay school fees, for their children studying in Semi Government/Private and International schools.

• Max repayment tenure: 7 years
• Prerequisites: Offer letter to be obtained from the school

Product 2 – Study Guard Insurance Cover

A special protection cover to guarantee uninterrupted education of your child in the event of permanent disability, critical illness or demise of a parent/ caretaker (policy holder).

• Policy Period: - 2 to 13 years
• Premium- One-time premium payment option
• Prerequisites: Entry age of a parent/ caretaker 18 to 60 years.

Interest Rate: 29.50% *rates are subject to change *Conditions applied
Min- Max Ticket Size: Rs 100,000 - Rs 15,000,000
Applicable Cap: 100% Total Fee Requirement

Educational Loan

Product 1: Variable Interest Rate Loan
Personal & Education Loan Rates
Interest Frequency	1 Month			6 Months
Salary Category	Salary Assignment	Salary Remitted	Standing Instruction	Salary Assignment	Salary Remitted	Standing Instruction
Salary Above LKR 250,000/-	AWPLR +2.75%	AWPLR +3.00%	AWPLR +3.25%	22.00% p.a.	22.50% p.a.	23.25% p.a.
Salary Between LKR 150,000/- & LKR 249,999/-	AWPLR +3.00%	AWPLR +3.25%	AWPLR +3.50%	23.00% p.a.	23.50% p.a.	24.25% p.a.
Salary Between LKR 75,000/- & LKR 149,999/-	AWPLR +3.25%	AWPLR +3.50%	AWPLR +4.00%	23.50% p.a.	24.00% p.a.	24.75% p.a.
Salary Between LKR 30,000/- & LKR 74,999/-	AWPLR +3.50%	AWPLR +4.00%	AWPLR +5.00%	24.00% p.a.	24.50% p.a.	25.25% p.a.

Products 2: Fixed Interest Rate Loan
Personal & Education Loan Rates
Interest Frequency	1 year Fixed			3 years Fixed			5 years Fixed
Salary Category	Salary Assignment	Salary Remitted	Standing Instruction	Salary Assignment	Salary Remitted	Standing Instruction	Salary Assignment	Salary Remitted	Standing Instruction
Salary Above LKR 250,000/-	22.00% p.a.	22.50% p.a.	23.25% p.a.	22.00% p.a.	22.50% p.a.	23.25% p.a.	22.00% p.a.	22.50% p.a.	23.25% p.a.
Salary Between LKR 150,000/- & LKR 249,999/-	23.00% p.a.	23.50% p.a.	24.25% p.a.	23.00% p.a.	23.50% p.a.	24.25% p.a.	23.00% p.a.	23.50% p.a.	24.25% p.a.
Salary Between LKR 75,000/- & LKR 149,999/-	23.50% p.a.	24.00% p.a.	24.75% p.a.	23.50% p.a.	24.00% p.a.	24.75% p.a.	23.50% p.a.	24.00% p.a.	24.25% p.a.
Salary Between LKR 30,000/- & LKR 74,999/-	24.00% p.a.	24.50% p.a.	25.25% p.a.	24.00% p.a.	24.50% p.a.	25.25% p.a.	24.00% p.a.	24.25% p.a.	24.25% p.a.

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