The State Mortgage and Investment Bank (SMIB) is one of the most established
financial institutions in Sri Lanka.
S/N | Category | Bank Charges and Fees | |
---|---|---|---|
1 | Initial Deposit |
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General Loan |
1,000/- |
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Priority Loan |
5,000/- |
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(Speed Loan) / Initial Deposit |
10,000/- |
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Government Employee Loan |
7,500/- |
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EPF Loan |
1,500/- |
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Estate |
Free of charge |
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2 | Savings Account Opening – Initial Deposit |
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Normal Savings Account |
1,000/- |
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Muthusina Minor Savings Account |
500/- |
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Challenger Minor Saving Account |
1,000/- |
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Sarani Minor Savings Account |
500/- |
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Corporate Saving Account |
10,000/- |
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Common Savings Account Apoorva |
1,000/- |
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Common Savings Account Max Saver |
5,000/- |
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3 | CRIB Report |
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Individual |
350/- |
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Institution |
1,000/- |
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Individual Credit Report Plus |
500/- |
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Institution Credit Report Plus |
1,250/- |
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4 | BOQ Prepared By The Bank – Construction Loans |
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BOQ Up to Rs.2,500,000/- |
2,500/- |
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BOQ Rs.2,500,000 to Rs.5,000,000/- |
5,000/- |
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BOQ Rs.5,000,000 to Rs.10,000,000/- |
10,000/- |
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5 | Internal Valuation Fee (Construction And Purchase) |
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Up to Rs.500,000/- loans |
3,000/- |
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Rs.500,000/- to 1,000,000/- |
5,000/- |
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Rs.1,000,000/- to 2,500,000/- |
7,500/- |
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Rs.2,500,000/- to 5,000,000/- |
10,000/- |
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Rs.5,000,000/- to 10,000,000/- |
15,000/- |
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Above Rs. 10,000,001/- |
15,000.00 + 0.1% of amount over Rs.10 Million |
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2nd and further loan releases |
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Up to rs. 5,000,000/- Above Rs.5,000,001/- |
2,500/- 2,500.00+0.05% of amount Over Rs.5Mn |
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6 | |||
External Valuation Fee (Only For Purchase) |
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Up to Rs.1,000,000/- |
5000/= |
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Rs.1,000,001/- to 2,500,000/- |
7500/- |
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Rs.2,500,001/- to 5,000,000/- |
10,000/- |
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Rs.5,000,001/- to Rs.10,000,000/-: |
17,500/- |
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Rs.10,000,001/- to Rs.20,000,000/-: |
20,000/- |
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Above Rs.21,000,001/- |
25,000/- |
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Portion release of security valuation charges |
7,500/- |
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Recovery Inspection Charges |
2,000/- |
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Income/ Preliminary Inspection charges |
2,000/- |
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Revaluation of existing properties (for NPL) |
0.05% of the BPO value Min: 2,000/- Max: 50,000/= |
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7 | Bank Charges On Loans |
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For mortgage loan – 1% of Approved Loan amount at disbursement of the loan (Maximum Rs.100,000/-) |
100,000/- |
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For EPF loan – 1.25% of Approved Loan amount at disbursement of the loan (Maximum Rs.50,000/-) |
50,000/- |
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For personal loan – 1% of Approved Loan amount at disbursement of the loan (Maximum Rs.50,000/-) |
50,000/-- |
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Vehicle Loan: 1% ( Max 100,000/-) |
100,000/- |
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Refinance Loan: 1% (According to the product circular) |
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MSME Loans (Group code 870 & 871) : 1% (Min 2,500/-) |
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SME & Business Loans Revolving Facilities New Limit Up to Rs.50,000,000/- 1% on the approved Limit |
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Above Rs. 50,000,001/- (one time change to be collected at the first disbursement of the facility and inclusive of the first 03 internal valuation fees, first 03 panel valuation fees, special valuation opinion fees, inspection fees, initial deposit, CRIB charges, first 03 panel lawyer tile report charges). 1% on the approved Limit |
Min 2,500/- Max 250,000/- |
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Utilization of the approved Limit (at the first Disbursement of each STL, on STL drawdown amount) |
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Up to Rs. 10,000,000/- On each STL |
1,00/- |
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Rs. 10,000,001/- to Rs. 50,000,000/- On each STL |
2,500/- |
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Above Rs. 50,000,001/- On each STL |
5,000/- |
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*Internal/Panel valuation charges to be paid separately for each STL. |
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Limit Enhancement (one time charge to be collected at the first disbursement of the enhanced facility) |
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0.50% on the amount enhanced |
Min. 2,500/- Max 50,000/- |
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Term Loans |
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Up to Rs.25,000,000/- (1%) |
Min 10,000/- Max 50,000/- |
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Rs.25,000,001/- to Rs.Rs.50,000,000/- (1%) |
Max 100,000/- |
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Rs.50,000,001/- to Rs.100,000,000/- (0.75%) |
Max 250,000/- |
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Rs.100,000,001/- to Rs.250,000,000/- (0.50%) |
Max 500,000/- |
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Rs.250,000,001/- to Rs.500,000,000/- (0.50%) |
Max 1,000,000/- |
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Above Rs.500,000,001/- (0.50%) |
Max 2,000,000/- |
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(One time charge on the approved loan amount to be collected at the first disbursement of the facility and inclusive of the internal valuation fees, panel valuation fees, special valuation opinion fee, inspection fees, initial deposit, CRIB charges, panel lawyer tile report charges) |
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Bond Execution Fee (at the first disbursement of loan, only if mortgage Bond is executed by In-House Legal Officer) |
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0.5% on Bond Value (Charged Title clearance fee absorb into this only at the first loan) |
Eg: 0.05% amount minus (-)5,000/- Min : 5,000/- Max : 50,000/- (Including Title clearance fee only at the first loan, if applicable) |
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ACL charges (EPF & Estate Loan ) |
By Customer |
By Bank |
|
Below 100,000/= |
1,000/- |
500/- |
|
100,001 to 500,000/- |
2,000/- |
500/- |
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500,001 to 1,000,000/- |
3,000/- |
500/- |
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Above 1, 000,001 |
4,500/- |
500/- |
|
8 | |||
Closing Of Savings Account |
250/- |
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9 | |||
A Certified Copy Of Mortgage Bond |
500/- |
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10 | |||
A Certified Copy Of Building Plan |
500/- |
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11 | |||
Deed/Plan or any Other Certified Copy |
200/- each |
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12 | |||
Loan Against Fixed Deposit |
500/- |
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13 | |||
SLIPS Transfers |
50/- |
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14 | |||
Tax Certificate (Loan Related Without FD ) |
250/- |
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15 | |||
Loan Past Payment Schedule |
300/- |
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16 | |||
Loan Repayment Schedule |
300/- |
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17 | |||
NIC Details |
25/- |
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18 | |||
Loan Settlement Claim Statement |
300/- |
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19 | |||
Deed of Release/Portion of Release |
5,000/- |
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20 | |||
Re issue a Duplication Pass Book |
150/- |
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21 | |||
Re issue a Duplication FD Certificate |
300/- |
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22 | |||
Loan Reschedule Charge (Personal Loan) |
1,000/- |
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23 | |||
Loan Restructure/ Reschedule charge (Mortgage over property) |
2,000/- |
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(Other than Mortgage over property) |
1,000/- |
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24 | |||
Loan Status Report |
300/- |
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25 | |||
Change Of Nomination |
100/- |
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26 | |||
Change Of Standing Order |
100/- |
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Tax Certificate(Loan Related without FD) |
250/- |
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Issue of letter for the purpose of applying Visa |
Free of Charge |
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Balance conformation letter (Loans/Saving/FD) |
300/- |
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Any other Letter issuing under customer request |
300/- |
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