Features & Benefits

• An attractive interest rate
• Flexible repayment periods up to a maximum of 12 years
• Ability to apply jointly with spouse
• Speedy loan approval process
• Optimum (maximum) loan amount is decided based on monthly income and repayment capacity

Eligibility Criteria

• Resident, Sri Lankan nationals
• Age between 18 – 60 years
• Available for salaried individuals and professionals
  – Applicable for permanent employees at Government, Semi-Government, private sector institutions and professionals
  – Those employed in ‘Trainee’ capacity attached to the Government sector will also be considered
• Minimum gross monthly income should be Rs.20,000 or may be sufficient as determined by the Bank based on profession/employment

Documents Required

Salaried Employees

• Duly completed Personal Loan application
• Copy of NIC or valid Driving License
• Copy of Office ID (if available)
• Letter from the employer confirming employment, designation, salary and service period
• Latest 3 months’ Salary Slips and Bank statements
• Proof of address – Latest utility bill indicating applicant’s name and address
• Salary remittance/loan instalment remittance letter from employer/ Standing order instruction form from a recognised financial institution

Additional documents (on request)

• Guarantors
• Duly filled Guarantor statement
• Copy of NIC or valid driving license
• Letter from the employer confirming employment, designation, salary and service period
• Latest 3 months’ salary slips and Bank statements
• Address Verification document indicating Guarantor’s name and address.

Professionals (Other than salaried employees)

• Should possess at least 3 years of practice experience as a professional along with,
• Documentary evidence for practice experience
• Financial statements for the past 2 years prepared by a qualified accountant
• Documentary proof of professional qualifications and license to operate
• Last 6 months Bank statements (Personal)

Conditions apply

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