Features and Benefits

• Attractive interest rates
• One personal guarantor required

Loan amount

• Minimum loan amount is – Rs.100,000/-
• Maximum Loan amount
  – For Mortgage Loan – Rs.50 Mn
  – For Personal Loan- Rs.4Mn
  – For Vehicle Loan – Rs.15Mn

Repayment Period

• Minimum 01 year
• Maximum period
  – For Mortgage Loan – 25 Years
  – For Personal Loan- 05 Years
  – For Vehicle Loan – 10 Years

Eligibility/Who can Apply

Applicant should be a confirmed employee at

• Ministry of Public Administration
• Ministry of Postal
• Postal Servicers & Muslim Affairs
• Ministry of Home Affairs
• Ministry of Housing and Construction
• Sri Lanka Telecommunication

Purpose of Loan

The loan will be offered

• To construct or purchase a house.
• To purchase block of lands to build 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 upon bank request

Conditions apply

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