Special Loan Schemes

A customised loan scheme that provides financial support for employees of the government Institutions.

Special Loan Scheme for Ministry of Defense

A customised loan scheme that provides financial support for employees of the following Institutions.

  • Staff of the Defense Ministry
  • Sri Lanka Army
  • Sri Lanka Navy
  • Sri Lanka Air Force
  • Defense University of Sir John Kothalawala
  • Sri Lanka Coast Guard
  • Sri Lanka Intelligence Services
  • National Dangerous Drugs Control Board


  • Applicant should be a confirmed permanent Government employee or Widow of a deceased Army soldier

Purpose of the Loan Scheme

  • 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 partly built house.
  • To effect improvements/repairs to the existing house.
  • To purchase properties for agricultural purposes.
  • To finance the requirements of tourism, agricultural and fishing.
  • To redeem loans obtained from a recognized financial institutions for above purposes.

Loan amount

  • Minimum loan amount Rs.100,000/-
  • Maximum Loan amount
    – Mortgage Loan Scheme Rs.50Mn
    – Property Personal Loan Rs.50Mn
    – Personal Loan scheme Rs.5mn

Repayment Period

  • Minimum-One year
  • Maximum Mortgage Loan Scheme – 25 years (Age up to 70 years)
  • Property personal Loan – 15 years (Age up to 70 years)
  • Personal Loan Scheme – 10 years (Age up to 60 years/ Retirement

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