Special Loan Schemes

A customised loan scheme that provides financial support for employees of Ceylon News Papers (Pvt.) Ltd.

Ceylon News Papers (Pvt.) Ltd

A customised loan scheme that provides financial support for employees of Ceylon News Papers (Pvt.) Ltd.

Features and Benefits

  • Attractive interest rates
  • Repayment period up to a maximum of 8 years
  • Maximum Loan value of Rs.4Mn
  • Ability to apply jointly with spouse (only if spouse is a confirmed employee of a government institution)
  • One personal guarantor required

Eligibility/Who can Apply

  • Confirmed employee at Ceylon News Papers (Pvt.) Ltd with 5 years of service.

Purpose of Loan

  • To construct or purchase a house.
  • To add new part to a house (extension)
  • To complete construction of partly build house.
  • To effect renovation /repair to existing house.
  • To purchase machinery, equipment and construction of factory building
  • To purchase machinery, equipment and vehicle used for agricultural purpose or tourism industry.
  • To purchase properties for agricultural purposes.
  • To finance the requirements of tourism, agricultural and fishing industries.
  • To redeem loans obtained from a recognized financial institute for above purpose.

Documents Required

  • Duly completed Personal Loan application form
  • Copy of NIC, Driving License or valid Passport
  • Letter from the employer confirming the employee details and salary.
  • Any other documents required if any (as per the Bank’s request)face

Conditions apply

For more information visit our nearest SMIB Branch or Contact Us via our Call Centre on 1922

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