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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

Fixed for the entire tenure

Tenure Secured (CAT A) Rate %p.a. Unsecured (CAT B) Rate%p.a.
01 Year 23.50 24.00
02 Years 23.50 24.50
03 Years 24.00 24.50
04 Years 24.50 25.00
05 Years 26.00 27.00
06 Years 27.00 28.00
07 Years 27.00 28.00

Fixed for 1 year & reviewed in every 12 months

Secured (CAT A) Rate %p.a. Secure (CAT B) Rate % p.a.
23.50 24.00