Special Loan Schemes
A customised loan scheme that provides financial support for employees of the Ministry of Health Nutrition and Indigenous Medicine employees.
Ministry of Health Nutrition and Indigenous Medicine
A customised loan scheme that provides financial support for employees of the Ministry of Health Nutrition and Indigenous Medicine employees.
Features and Benefits
- Attractive interest rates
- One guarantor required
Eligibility/Who can Apply
- Applicant should be a confirmed employee at Ministry of Health Nutrition and Indigenous Medicine
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.
Loan amount
- Minimum loan amount is – Rs.100,000/-
- Maximum Loan amount
– For Mortgage Loan – Rs.50 Mn
– For Personal Loan- Rs.7.5Mn
– For Vehicle Loan – Rs.15Mn
Repayment Period
- Minimum 01 year
- Maximum period
– For Mortgage Loan – 25 Years
– For Personal Loan- 10 Years
– For Vehicle Loan – 05 Years
Documents Required
- Duly completed 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