Scholar Loan


Seylan Scholar Education Loan provide, financial assistance for local and foreign higher education.

Benefits:

  • Joint Loans available with Parents / Spouse.
  • Can borrow from the Islandwide branch network spanning to 156 locations.
  • Local education such as CIMA, CIM, SLIM, IPM, AAT, Fashion Degrees & MBA.
  • Overseas education – Parents who want to educate their children and professionals who want to pursue foreign degrees will be with course fees, living expenses and accommodation.

Maximize the usage of your account:

  • Loans granted up to 10 Mn and minimum amount will be Rs. 100,000/-
  • Repayment period up to 7 years

Eligible Persons:

  • Parents / Guardians of students those seek local / Overseas Education.
  • Working Professional's with confirmed service
  • Professionals such as Doctors, Lawyers, Engineers, Accountants etc.
  • Self employed persons with a regular income

Documents required

  • Applicant's income details with pay slips
  • Bank Account Statements / Savings Book
  • University / Institute offer Letter with course details / Cost Details.
  • Guarantor's income details and Bank Statements or Property Deed / Survey Plan

Interest Rate

w.e.f. 15.09.2021

Option 1: Fixed for the entire tenure

Tenure Against Property Mortgage Rates %p.a Against Guarantors (Up to LKR 2Mio only) Rates %p.a.
01 Year 8.50 9.50
02 Years 9.50 10.50
03 Years 10.00 11.00
04 Years 10.00 11.00
05 Years 11.00 12.00
06 Years 11.50 12.50
07 Years 12.00 13.00

Option 2: Fixed for 01 year & reviewed every 12 months

Against Property Mortgage Rates %p.a Against guarantors (Up to LKR 2 Mio only) Rates % p.a.
8.50 9.50