Features and Benefits

• Attractive interest rate
• Loan facility to suit a range of purposes.
• Easy application process.

General Loan products for pensioners

Loan Amount

Minimum Loan Amount – Rs.100,000/-

Maximum Loan Amount

• Mortgage Loan Scheme – Rs.3Mn
• Personal Loan Scheme – Rs.2Mn
• Property Mortgage Personal Loan Scheme – Rs.3Mn

Repayment Period

Minimum – 01 Year

Maximum replacement period

• Mortgage Loan Scheme – 15 years
• Personal Loan Scheme -10 years
• Property Mortgage Personal Loan Scheme – 15 years

Special Personal Loan products for pensioners

Loan Amount

Maximum Loan Amount – Rs.200.000/-

Repayment Period

Maximum Repayment Period – 2 years

Purpose of Loans

• To construct or purchase a house
• To purchase a block of land, to build a house.
• To extend the existing house.
• To complete construction of a partly build house.
• To effect improvements/repairs to the existing house.
• To purchase machinery, equipment and construction of a factory.
• To purchase machinery, equipment and vehicle for agricultural and tourism purposes.
• To purchase properties for agricultural purposes.
• To finance the equipment of tourism, agricultural and fishing.
• To redeem loans obtained from recognized financial institutions for above purposes.

Eligibility

• Government Pensioners currently receiving a monthly pension
• A citizen of Sri Lanka holding a valid National Identity Card or passport

How do I apply ?

• A duly completed Application Form
• Initial deposit as per table
• Proof of identity (NIC / Passport)
• Address verification (utility bill / bank statement within last 3 months) if current postal address differs from the national identity card or identification document

Conditions apply

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