The State Mortgage and Investment Bank (SMIB) is one of the most established
financial institutions in Sri Lanka.

 Monday – Friday : 8:30am – 3:30pm 



 සිං  |  தமி

SMIB Personal Loan provides easy and quick financial support for you to meet emergency expenses or make any dream come true.

Features and Benefits

  • An attractive interest rate.
  • Flexible repayment periods up to a maximum of 12 years.
  • Ability to apply jointly with a spouse.
  • Speedy loan approval process.
  • The 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 a ‘trainee’ capacity attached to the Government sector will also be considered.
  • The minimum gross monthly income should be LKR 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 at 1922

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