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SME Loan

The Prosperity Loan Scheme

    The Prosperity Loan Scheme is offered with the collaboration of Central Bank of Sri Lanka for Small and Medium Scale Enterprises (SMEs)

    • Eligible Projects

      Small and Medium Scale Enterprises (SMEs) which total assets value is below Rs. 40 Million excluding land and building and that employed 5 to 100 persons. Under this loan scheme, Seylan Bank will give priority for the following specific projects which create value additions to the national economy.

      • Development of novel projects
      • Employment opportunities creation
      • Projects which contribute to the national economy
      • Projects which enhances the value of products
      • Revival of projects those were affected by disasters
      • Export oriented projects
      • Projects based out of the western province
      • Environmentally friendly projects
      • Small scale hotels related to tourism
      • Food processing out of agriculture products
      • Projects which uses new technology
    • Eligible Borrowers

      • Permanent resident living in Sri Lanka
      • Projects that has sound cash flow and a good repayment capacity
    • Maximum Loan Quantum

      • Rs. 25 Million for special projects which create higher value additions to the national economy
      • Rs. 10 Million for other projects
    • Repayment Period

      5 years with an optional grace period of 06 months.

    • Interest Rate

      Concessionary interest rate decided by Central Bank of Sri Lanka. 8% p.a.

    • Security

      Suitable security acceptable to the bank

Small and Micro Industry Leader and Entrepreneur Promotion Project ( SMILE III RF )

    The SMILE Loan Scheme is offered with the collaboration of the Ministry of Industry and Commerce for Small and Micro Scale Enterprises (SMIs)

    • Eligible Projects


      Small and Medium Scale Enterprises (SMEs) which total assets value is below Rs. 40 Million excluding land and building


      The following manufacturing and industrial sub-sectors will be eligible for financing under SMILE III revolving fund loan scheme


      • Tea (to be considered value addition under packaging)
      • Coir
      • Rubber
      • Footwear
      • Plastic
      • Textile & Apparel
      • Food products
      • Herbal products
      • Information Technology (excluding Trading)
      • Gem & Jewellery (Design development and introduction of new technology)
      • Handlooms and handicrafts
      • Leather
      • Packaging
      • Ceramics
      • Spices (Value addition)
      • Wood products
      • Production of Machinery, tools & apparatus / Metal products and allied industries
    • Maximum Loan Quantum

      7,500,000/-

    • Repayment Period

      10 years with an optional grace period of 02 years.

    • Interest Rate

      Concessionary interest rate decided by Central Bank of Sri Lanka. 8% p.a.

    • Security

      Suitable security acceptable to the bank